Company Registration No. 12694743 (England and Wales)
Common Sanity Ltd
Unaudited accounts
for the year ended 30 June 2023
Common Sanity Ltd
Unaudited accounts
Contents
Common Sanity Ltd
Company Information
for the year ended 30 June 2023
Company Number
12694743 (England and Wales)
Registered Office
85 Great Portland Street
First Floor
London
W1W 7LT
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Common Sanity Ltd
Accountants' report
Accountants' report to the director of Common Sanity Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Common Sanity Ltd for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Common Sanity Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Common Sanity Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Common Sanity Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Common Sanity Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Common Sanity Ltd. You consider that Common Sanity Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Common Sanity Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
25 August 2023
Common Sanity Ltd
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
3,483
3,723
Creditors: amounts falling due within one year
(4,830)
(5,245)
Net current liabilities
(1,347)
(1,495)
Net liabilities
(702)
(635)
Called up share capital
1
1
Profit and loss account
(703)
(636)
Shareholders' funds
(702)
(635)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 August 2023 and were signed on its behalf by
Jack F Ellingham
Director
Company Registration No. 12694743
Common Sanity Ltd
Notes to the Accounts
for the year ended 30 June 2023
Common Sanity Ltd is a private company, limited by shares, registered in England and Wales, registration number 12694743. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
585
849
1,434
At 30 June 2023
585
849
1,434
At 1 July 2022
203
371
574
Charge for the year
96
119
215
At 30 June 2023
299
490
789
At 30 June 2023
286
359
645
At 30 June 2022
382
478
860
Amounts falling due within one year
Common Sanity Ltd
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
4,550
5,007
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
(5,007)
769
312
(4,550)
8
Average number of employees
During the year the average number of employees was 0 (2022: 1).