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COMPANY REGISTRATION NUMBER: 08967249
LOCAL LEAFLET DROP LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
LOCAL LEAFLET DROP LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
936
1,101
CURRENT ASSETS
Debtors
6
5,674
92
Cash at bank and in hand
7,035
11,472
--------
--------
12,709
11,564
CREDITORS: amounts falling due within one year
7
7,393
4,165
--------
--------
NET CURRENT ASSETS
5,316
7,399
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
6,252
8,500
-------
-------
NET ASSETS
6,252
8,500
-------
-------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
6,152
8,400
-------
-------
SHAREHOLDERS FUNDS
6,252
8,500
-------
-------
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 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LOCAL LEAFLET DROP LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 4 April 2024 , and are signed on behalf of the board by:
Mr D A Reid
Director
Company registration number: 08967249
LOCAL LEAFLET DROP LIMITED
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. The address of the registered office is 16 Windsor Drive, Thrapston, Kettering, NN14 4XH, England.
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.
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:
Plant and machinery
-
15% reducing balance
Equipment
-
15% reducing balance
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. TANGIBLE ASSETS
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
1,379
2,187
3,566
-------
-------
-------
Depreciation
At 1 January 2023
1,379
1,086
2,465
Charge for the year
165
165
-------
-------
-------
At 31 December 2023
1,379
1,251
2,630
-------
-------
-------
Carrying amount
At 31 December 2023
936
936
-------
-------
-------
At 31 December 2022
1,101
1,101
-------
-------
-------
6. DEBTORS
2023
2022
£
£
Trade debtors
1,134
92
Other debtors
4,540
-------
----
5,674
92
-------
----
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,684
Corporation tax
1
Social security and other taxes
3,659
3,681
Other creditors
1,050
483
-------
-------
7,393
4,165
-------
-------
8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr D A Reid
4,976
( 436)
4,540
----
-------
----
-------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr D A Reid
----
----
----
----
9. DIRECTORS ADVANCES, CREDITS AND GUARANTEES
Interest has not been charged on this loan and balance has been paid off within 9 months.