Registered number
10969297
REQUIRED LIMITED
Annual Report and Unaudited Abridged Financial statement
for the Year Ended 31 March 2021
REQUIRED LIMITED
Registered number: 10969297
Balance Sheet
as at 31 March 2021
Notes 2021 2020
£ £
Current assets
Debtors 3 67,600 45,622
Cash at bank and in hand 26,757 1,773
94,357 47,395
Creditors: amounts falling due within one year 4 (130,420) (65,074)
Net current liabilities (36,063) (17,679)
Total assets less current liabilities (36,063) (17,679)
Creditors: amounts falling due after more than one year 5 (50,000) -
Net liabilities (86,063) (17,679)
Capital and reserves
Called up share capital 100 100
Profit and loss account (86,163) (17,779)
Shareholders' funds (86,063) (17,679)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dhruv Joshi
Director
Approved by the board on 22 August 2022
REQUIRED LIMITED
Notes to the Accounts
for the year ended 31 March 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 7 1
3 Debtors 2021 2020
£ £
Trade debtors 67,600 45,622
4 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 3,336 10,574
Taxation and social security costs 300 -
Intercompany 99,651
Other creditors 27,133 54,500
130,420 65,074
5 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 50,000 -
6 Other information
REQUIRED LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Old Church Offices,
89 Quicks Road, Wimbledon,
London,
England,
SW19 1EX
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