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COMPANY REGISTRATION NUMBER: 10530651
123 EMPLOYEES LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 January 2023
123 EMPLOYEES LTD
STATEMENT OF FINANCIAL POSITION
29 January 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
1,163
3,266
CREDITORS: amounts falling due within one year
5
( 5,400)
( 6,650)
-------
-------
NET CURRENT LIABILITIES
( 4,237)
( 3,384)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 4,237)
( 3,384)
-------
-------
NET LIABILITIES
( 4,237)
( 3,384)
-------
-------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 4,337)
( 3,484)
-------
-------
SHAREHOLDERS DEFICIT
( 4,237)
( 3,384)
-------
-------
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 income and retained earnings has not been delivered.
For the year ending 29 January 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 year 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 27 October 2023 , and are signed on behalf of the board by:
S A Buck
Director
Company registration number: 10530651
123 EMPLOYEES LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29 JANUARY 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 34 Roundhay Road, Leeds, LS7 1AB, 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. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.
Income tax
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. DEBTORS
2023
2022
£
£
Other debtors
1,163
3,266
-------
-------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Amounts due to related companies
5,400
5,400
Other creditors
1,250
-------
-------
5,400
6,650
-------
-------