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COMPANY REGISTRATION NUMBER: 13860495
BACK OF THE SHOP LTD
Filleted Unaudited Financial Statements
31 January 2023
BACK OF THE SHOP LTD
Statement of Financial Position
31 January 2023
31 Jan 23
Note
£
Fixed assets
Investments
4
400
Current assets
Cash at bank and in hand
765,000
Creditors: amounts falling due within one year
5
900
---------
Net current assets
764,100
---------
Total assets less current liabilities
764,500
---------
Net assets
764,500
---------
Capital and reserves
Called up share capital
100
Profit and loss account
764,400
---------
Shareholders funds
764,500
---------
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 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 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 19 October 2023 , and are signed on behalf of the board by:
Shahriyar Mohit Zadeh
Nima Ghodrati
Director
Director
Company registration number: 13860495
BACK OF THE SHOP LTD
Notes to the Financial Statements
Period from 20 January 2022 to 31 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 Videk House, Kingsbury Works, Kingsbury Road, England, NW9 8RW.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
Shares in group undertakings
£
Cost
At 20 January 2022
Additions
400
----
At 31 January 2023
400
----
Impairment
At 20 January 2022 and 31 January 2023
----
Carrying amount
At 31 January 2023
400
----
5. Creditors: amounts falling due within one year
31 Jan 23
£
Other creditors
900
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