Registered number
04232835
Influenca Ltd
Filleted Accounts
30 June 2023
Influenca Ltd
Registered number: 04232835
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 14,681 15,497
Tangible assets 4 272,881 273,842
287,562 289,339
Current assets
Cash at bank and in hand 8,394 2,427
Creditors: amounts falling due within one year 5 (8,170) (1,574)
Net current assets 224 853
Total assets less current liabilities 287,786 290,192
Creditors: amounts falling due after more than one year 6 (286,313) (286,313)
Net assets 1,473 3,879
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 473 2,879
Shareholders' funds 1,473 3,879
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Broadley
Director
Approved by the board on 10 November 2023
Influenca Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Stamp duty:
Cost
At 1 July 2022 16,313
At 30 June 2023 16,313
Amortisation
At 1 July 2022 816
Provided during the year 816
At 30 June 2023 1,632
Net book value
At 30 June 2023 14,681
At 30 June 2022 15,497
Stamp duty is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 270,000 6,693 276,693
At 30 June 2023 270,000 6,693 276,693
Depreciation
At 1 July 2022 - 2,851 2,851
Charge for the year - 961 961
At 30 June 2023 - 3,812 3,812
Net book value
At 30 June 2023 270,000 2,881 272,881
At 30 June 2022 270,000 3,842 273,842
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 5,707 (1,154)
Other creditors 2,463 2,728
8,170 1,574
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 286,313 286,313
7 Other information
Influenca Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o Figures 4u Ltd
36 Dents Close
Letchworth Garden City
SG6 2TP
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