2
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2022-04-01
Sage Accounts Production Advanced 2021 - FRS102_2021
660,754
128,751
789,505
116,729
13,965
130,694
658,811
544,025
xbrli:pure
xbrli:shares
iso4217:GBP
04460456
2022-04-01
2023-03-31
04460456
2023-03-31
04460456
2022-03-31
04460456
2022-03-31
04460456
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-04-01
2023-03-31
04460456
bus:OrdinaryShareClass1
2022-04-01
2023-03-31
04460456
bus:Director1
2022-04-01
2023-03-31
04460456
bus:Director3
2022-04-01
2023-03-31
04460456
core:WithinOneYear
2023-03-31
04460456
core:WithinOneYear
2022-03-31
04460456
core:LandBuildings
2022-03-31
04460456
core:LandBuildings
2023-03-31
04460456
core:LandBuildings
2022-04-01
2023-03-31
04460456
core:ShareCapital
2023-03-31
04460456
core:ShareCapital
2022-03-31
04460456
core:CapitalRedemptionReserve
2023-03-31
04460456
core:CapitalRedemptionReserve
2022-03-31
04460456
core:RetainedEarningsAccumulatedLosses
2023-03-31
04460456
core:RetainedEarningsAccumulatedLosses
2022-03-31
04460456
core:LandBuildings
2022-03-31
04460456
bus:SmallEntities
2022-04-01
2023-03-31
04460456
bus:AuditExemptWithAccountantsReport
2022-04-01
2023-03-31
04460456
bus:FullAccounts
2022-04-01
2023-03-31
04460456
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
04460456
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
04460456
bus:OrdinaryShareClass1
2023-03-31
04460456
bus:OrdinaryShareClass1
2022-03-31
COMPANY REGISTRATION NUMBER:
04460456
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2023
Balance sheet
1
Notes to the financial statements
2 to 5
31 March 2023
Fixed assets
Tangible assets |
4 |
658,811 |
544,025 |
|
|
|
|
Current assets
Debtors |
5 |
44,388 |
44,388 |
Cash at bank and in hand |
49,692 |
161,200 |
|
------------ |
------------ |
|
94,080 |
205,588 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
(
365,825) |
(
365,693) |
|
------------ |
------------ |
Net current liabilities |
(
271,745) |
(
160,105) |
|
------------ |
------------ |
Total assets less current liabilities |
387,066 |
383,920 |
|
|
|
|
Provisions
Taxation including deferred tax |
(
5,933) |
(
5,222) |
|
------------ |
------------ |
Net assets |
381,133 |
378,698 |
|
------------ |
------------ |
|
|
|
Capital and reserves
Called up share capital |
8 |
9,000 |
9,000 |
Capital redemption reserve |
1,000 |
1,000 |
Profit and loss account |
371,133 |
368,698 |
|
------------ |
------------ |
Shareholders funds |
381,133 |
378,698 |
|
------------ |
------------ |
|
|
|
|
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 31 March 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
8 November 2023
, and are signed on behalf of the board by:
M T Jones |
R M Wilson |
Director |
Director |
|
|
Company registration number:
04460456
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2023
1.
General information
The company is a private company limited by shares, company registration number
04460456
, registered in England and Wales. The address of the registered office is Airstream Works, Blackmoorfoot Road, Crosland Hill, Huddersfield, HD4 7AA.
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, and rounded to the nearest £.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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 of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Investment property |
- |
2% straight line |
|
|
|
|
Investment properties FRS102 requires that investment property whose fair value can be measured reliably to be measured at fair value on an ongoing basis in accordance with section 16 of FRS 102. All other investment property is to be accounted for as property, plant and equipment in accordance with Section 17 of FRS 102. The directors consider that to measure investment property held by the company at fair value on an on-going basis would involve undue cost. Investment properties therefore continue to be stated at depreciated cost, with consideration given to whether any impairment provision is required. The Directors acknowledge that this is not in compliance with FRS 102.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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.
4.
Tangible assets
|
Investment property |
|
£ |
Cost |
|
At 1 April 2022 |
660,754 |
Additions |
128,751 |
|
------------ |
At 31 March 2023 |
789,505 |
|
------------ |
Depreciation |
|
At 1 April 2022 |
116,729 |
Charge for the year |
13,965 |
|
------------ |
At 31 March 2023 |
130,694 |
|
------------ |
Carrying amount |
|
At 31 March 2023 |
658,811 |
|
------------ |
At 31 March 2022 |
544,025 |
|
------------ |
|
|
5.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Amounts owed by group undertakings |
8 |
8 |
Other debtors |
44,380 |
44,380 |
|
------------ |
------------ |
|
44,388 |
44,388 |
|
------------ |
------------ |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
– |
2,105 |
Accruals and deferred income |
2,050 |
2,050 |
Corporation tax |
13,965 |
12,963 |
Social security and other taxes |
4,300 |
3,065 |
Other creditors |
345,510 |
345,510 |
|
------------ |
------------ |
|
365,825 |
365,693 |
|
------------ |
------------ |
|
|
|
7.
Deferred tax
The deferred tax included in the balance sheet is as follows:
|
2023 |
2022 |
|
£ |
£ |
Included in provisions |
5,933 |
5,222 |
|
------------ |
------------ |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
9,000 |
9,000 |
9,000 |
9,000 |
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|