Registered number
12045380
UK POSTER DISTRIBUTION LTD
Filleted Accounts
30 June 2023
UK POSTER DISTRIBUTION LTD
Registered number: 12045380
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 37,930 11,050
Current assets
Debtors 4 230 -
Cash at bank and in hand 20,338 37,679
20,568 37,679
Creditors: amounts falling due within one year 5 (12,241) (6,949)
Net current assets 8,327 30,730
Total assets less current liabilities 46,257 41,780
Creditors: amounts falling due after more than one year 6 (23,325) (26,428)
Net assets 22,932 15,352
Capital and reserves
Called up share capital 1 1
Profit and loss account 22,931 15,351
Shareholder's funds 22,932 15,352
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 member has 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.
ZED LAWRENCE
Director
Approved by the board on 4 April 2024
UK POSTER DISTRIBUTION 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. 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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 July 2022 13,000
Additions 33,573
At 30 June 2023 46,573
Depreciation
At 1 July 2022 1,950
Charge for the year 6,693
At 30 June 2023 8,643
Net book value
At 30 June 2023 37,930
At 30 June 2022 11,050
4 Debtors 2023 2022
£ £
Other debtors 230 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,161 1,092
Other creditors 3,080 5,857
12,241 6,949
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,055 26,428
Amounts owed to group undertakings and undertakings in which the company has a participating interest 270 -
23,325 26,428
7 Other information
UK POSTER DISTRIBUTION LTD is a private company limited by shares and incorporated in England. Its registered office is:
38 FERNLEY COURT
MAIDENHEAD
BERKSHIRE
SL6 7NZ
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