1
false
false
false
false
false
false
false
false
false
false
true
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false
false
false
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No description of principal activity
2023-01-01
Sage Accounts Production Advanced 2023 - FRS102_2023
2,237
1,226
3,463
940
610
1,550
1,913
1,297
xbrli:pure
xbrli:shares
iso4217:GBP
13099930
2023-01-01
2023-12-31
13099930
2023-12-31
13099930
2022-12-31
13099930
2022-01-01
2022-12-31
13099930
2022-12-31
13099930
2021-12-31
13099930
bus:Director1
2023-01-01
2023-12-31
13099930
core:WithinOneYear
2023-12-31
13099930
core:WithinOneYear
2022-12-31
13099930
core:ShareCapital
2023-12-31
13099930
core:ShareCapital
2022-12-31
13099930
core:RetainedEarningsAccumulatedLosses
2023-12-31
13099930
core:RetainedEarningsAccumulatedLosses
2022-12-31
13099930
bus:SmallEntities
2023-01-01
2023-12-31
13099930
bus:AuditExemptWithAccountantsReport
2023-01-01
2023-12-31
13099930
bus:SmallCompaniesRegimeForAccounts
2023-01-01
2023-12-31
13099930
bus:PrivateLimitedCompanyLtd
2023-01-01
2023-12-31
13099930
bus:FullAccounts
2023-01-01
2023-12-31
13099930
core:OfficeEquipment
2023-01-01
2023-12-31
13099930
core:OfficeEquipment
2022-12-31
13099930
core:OfficeEquipment
2023-12-31
13099930
core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl
2023-01-01
2023-12-31
COMPANY REGISTRATION NUMBER:
13099930
Filleted Unaudited Financial Statements |
|
Year ended 31 December 2023
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Statement of Financial Position |
|
31 December 2023
Fixed assets
Tangible assets |
5 |
1,913 |
1,297 |
|
|
|
|
Current assets
Debtors |
6 |
7,439 |
7,154 |
Cash at bank and in hand |
78,143 |
68,697 |
|
-------- |
-------- |
|
85,582 |
75,851 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
31,965 |
25,411 |
|
-------- |
-------- |
Net current assets |
53,617 |
50,440 |
|
-------- |
-------- |
Total assets less current liabilities |
55,530 |
51,737 |
|
-------- |
-------- |
Net assets |
55,530 |
51,737 |
|
-------- |
-------- |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
55,430 |
51,637 |
|
-------- |
-------- |
Shareholders funds |
55,530 |
51,737 |
|
-------- |
-------- |
|
|
|
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 income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
31 December 2023
These financial statements were approved by the
board of directors
and authorised for issue on
1 March 2024
, and are signed on behalf of the board by:
Company registration number:
13099930
Notes to the Financial Statements |
|
Year ended 31 December 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 Kelso House Staple Road, Wingham, Canterbury, Kent, CT3 1AL, United Kingdom.
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.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% straight line |
|
|
|
|
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Tangible assets
|
Equipment |
|
£ |
Cost |
|
At 1 January 2023 |
2,237 |
Additions |
1,226 |
|
------- |
At 31 December 2023 |
3,463 |
|
------- |
Depreciation |
|
At 1 January 2023 |
940 |
Charge for the year |
610 |
|
------- |
At 31 December 2023 |
1,550 |
|
------- |
Carrying amount |
|
At 31 December 2023 |
1,913 |
|
------- |
At 31 December 2022 |
1,297 |
|
------- |
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
7,439 |
7,154 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Corporation tax |
10,386 |
8,392 |
Social security and other taxes |
4,326 |
4,337 |
Other creditors |
17,253 |
12,682 |
|
-------- |
-------- |
|
31,965 |
25,411 |
|
-------- |
-------- |
|
|
|
8.
Director's advances, credits and guarantees
At the year end the company owed the director £15,853 (2022: £11,382).
9.
Related party transactions
During the period, the company paid dividends of £40,000 (2022: £12,000) to the director.