Company Registration No. 13556958 (England and Wales)
The Downbeat Ltd
Unaudited accounts
for the year ended 31 August 2023
The Downbeat Ltd
Unaudited accounts
Contents
The Downbeat Ltd
Company Information
for the year ended 31 August 2023
Company Number
13556958 (England and Wales)
Registered Office
SMALL OAKS
CRAYS POND
READING
BERKSHIRE
RG8 7FZ
UNITED KINGDOM
Accountants
Dead Simple Accounting
Suite 30, 105 London Street
Reading
Berkshire
RG1 4QD
The Downbeat Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
5,975
2,216
Cash at bank and in hand
87,488
45,247
Creditors: amounts falling due within one year
(23,136)
(11,600)
Net current assets
66,191
33,647
Called up share capital
1
1
Profit and loss account
72,165
35,862
Shareholders' funds
72,166
35,863
For the year ending 31 August 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 13 October 2023 and were signed on its behalf by
Craig Reynolds
Director
Company Registration No. 13556958
The Downbeat Ltd
Notes to the Accounts
for the year ended 31 August 2023
The Downbeat Ltd is a private company, limited by shares, registered in England and Wales, registration number 13556958. The registered office is SMALL OAKS, CRAYS POND, READING, BERKSHIRE, RG8 7FZ, UNITED KINGDOM.
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:
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
159
-
The Downbeat Ltd
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
20,502
9,814
Loans from directors
2,634
1,786
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).