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COMPANY REGISTRATION NUMBER: 14080313
2degreescelsius Limited
Filleted Unaudited Financial Statements
31 May 2023
2degreescelsius Limited
Statement of Financial Position
31 May 2023
31 May 23
Note
£
£
Current assets
Stocks
3,800
Debtors
4
6,613
Cash at bank and in hand
5,666
--------
16,079
Creditors: amounts falling due within one year
5
21,015
--------
Net current liabilities
4,936
-------
Total assets less current liabilities
( 4,936)
-------
Net liabilities
( 4,936)
-------
Capital and reserves
Called up share capital
10
Profit and loss account
( 4,946)
-------
Shareholders deficit
( 4,936)
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 October 2023 , and are signed on behalf of the board by:
Mr D J Chuter
Mr F Winterbotham
Director
Director
Company registration number: 14080313
2degreescelsius Limited
Notes to the Financial Statements
Period from 2 May 2022 to 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Ockendon Road, London, N1 3NL, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
31 May 23
£
Other debtors
6,613
-------
5. Creditors: amounts falling due within one year
31 May 23
£
Other creditors
21,015
--------
6. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
31 May 23
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D J Chuter
5
( 5,120)
( 5,115)
Mr F Winterbotham
12
( 15,312)
( 15,300)
----
----
--------
--------
17
( 20,432)
( 20,415)
----
----
--------
--------