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COMPANY REGISTRATION NUMBER: 11631646
COMPLETE RESILIENCE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
5 April 2023
COMPLETE RESILIENCE LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
COMPLETE RESILIENCE LIMITED
BALANCE SHEET
5 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,517
3,217
Current assets
Debtors
6
19,984
5,419
Cash at bank and in hand
8,269
47,484
------------
------------
28,253
52,903
Creditors: amounts falling due within one year
7
( 81)
( 5,613)
------------
------------
Net current assets
28,172
47,290
------------
------------
Total assets less current liabilities
30,689
50,507
------------
------------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
30,589
50,407
------------
------------
Shareholders funds
30,689
50,507
------------
------------
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 profit and loss account has not been delivered.
For the year ending 5 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his 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 24 July 2023 , and are signed on behalf of the board by:
Mr A J Bland
Director
Company registration number: 11631646
COMPLETE RESILIENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 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 132-134 Great Ancoats Street, Manchester, M4 6DE.
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. 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 and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
15% reducing balance
Computer equipment
-
33% straight line
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Office equipment
Computer equipment
Total
£
£
£
Cost
At 6 April 2022 and 5 April 2023
3,481
2,506
5,987
------------
------------
------------
Depreciation
At 6 April 2022
701
2,069
2,770
Charge for the year
417
283
700
------------
------------
------------
At 5 April 2023
1,118
2,352
3,470
------------
------------
------------
Carrying amount
At 5 April 2023
2,363
154
2,517
------------
------------
------------
At 5 April 2022
2,780
437
3,217
------------
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
4,675
Corporation tax repayable
2,131
Director's loan account
9,363
Other debtors
8,490
744
------------
------------
19,984
5,419
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
81
Corporation tax
4,982
Social security and other taxes
106
Director loan accounts
525
------------
------------
81
5,613
------------
------------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
2,207
Later than 1 year and not later than 5 years
6,878
------------
------------
2,207
6,878
------------
------------
10. Director's advances, credits and guarantees
Director's benefits: advances, credit and guarantees Included in debtors is a loan to the director, amounting to : £ Amount outstanding at end of the year 9,363 Amount outstanding at beginning of the year (525) Maximum outstanding during the year 9,363 The loan will be repaid in full within nine months of the company's year end. Interest is charged on this loan at H M Revenue and Customs official rate of interest of 2%. The interest charged for the year amounted to £200 (2022 £Nil).
11. Related party transactions
The company is controlled by the director.