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COMPANY REGISTRATION NUMBER: 10720324
UNCLE TOM COBLEY LIMITED
Filleted Unaudited Financial Statements
30 April 2023
UNCLE TOM COBLEY LIMITED
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
Current assets
Stocks
222,027
222,027
Debtors
4
76,447
76,447
Cash at bank and in hand
172
2,043
---------
---------
298,646
300,517
Creditors: amounts falling due within one year
5
107,605
84,960
---------
---------
Net current assets
191,041
215,557
---------
---------
Total assets less current liabilities
191,041
215,557
Creditors: amounts falling due after more than one year
6
375,237
385,133
---------
---------
Net liabilities
( 184,196)
( 169,576)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 184,296)
( 169,676)
---------
---------
Shareholders deficit
( 184,196)
( 169,576)
---------
---------
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 comprehensive income has not been delivered.
For the year ending 30 April 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 .
UNCLE TOM COBLEY LIMITED
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 18 January 2024 , and are signed on behalf of the board by:
Mr J M C King
Director
Company registration number: 10720324
UNCLE TOM COBLEY LIMITED
Notes to the Financial Statements
Year ended 30 April 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 Francis Louis House, Belmont Road, Exeter, EX1 2HF.
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.
Going concern
As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £96,884 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. Further, the director confirmed that his financial support to the company would continue for the foreseeable future. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Financial instruments are recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4. Debtors
2023
2022
£
£
Trade debtors
74,634
74,634
Other debtors
1,813
1,813
--------
--------
76,447
76,447
--------
--------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,001
9,999
Other creditors
97,604
74,961
---------
--------
107,605
84,960
---------
--------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
21,747
31,643
Other creditors
353,490
353,490
---------
---------
375,237
385,133
---------
---------
Mortgage of £353,490 (2022 - £353,490) is secured by fixed charges over the company's assets and negative pledge.