Registered number
14096572
POETRY AND SHOOBS LTD
Report and Accounts
31 May 2023
POETRY AND SHOOBS LTD
Registered number: 14096572
Directors' Report
The directors present their report and accounts for the year ended 31 May 2023.
Principal activities
The company's principal activity during the year continued to be activities of conference organisers.
Directors
The following persons served as directors during the year:
John Christopher MALIPOL
Edward Lagaya BARILE
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 31 January 2024 and signed on its behalf.
John Christopher MALIPOL
Director
POETRY AND SHOOBS LTD
Accountants' Report
Accountants' report to the directors of
POETRY AND SHOOBS LTD
You consider that the company is exempt from an audit for the year ended 31 May 2023. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
MCCA ACCOUNTANTS LTD
Chartered Certified Accountants
89 Burdett Road
London
ENGLAND
E3 4JN
31 January 2024
POETRY AND SHOOBS LTD
Profit and Loss Account
for the year ended 31 May 2023
2023
£
Turnover 1,159
Cost of sales (717)
Gross profit 442
Administrative expenses (800)
Operating loss (358)
Loss before taxation (358)
Tax on loss -
Loss for the financial year (358)
POETRY AND SHOOBS LTD
Registered number: 14096572
Balance Sheet
as at 31 May 2023
Notes 2023
£
Current assets
Cash at bank and in hand 612
Creditors: amounts falling due within one year 3 (870)
Net current liabilities (258)
Net liabilities (258)
Capital and reserves
Called up share capital 100
Profit and loss account (358)
Shareholders' funds (258)
The directors are 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 directors acknowledge their 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.
John Christopher MALIPOL
Director
Approved by the board on 31 January 2024
POETRY AND SHOOBS LTD
Notes to the Accounts
for the year ended 31 May 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. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023
Number
Average number of persons employed by the company 0
3 Creditors: amounts falling due within one year 2023
£
Trade creditors 350
Other creditors 520
870
4 Other information
POETRY AND SHOOBS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Flat 172 Levita House Chalton Street
London
England
NW1 1HR
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