0 false false false false false false false true false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07414299 2022-04-01 2023-03-31 07414299 2023-03-31 07414299 2022-03-31 07414299 2021-04-01 2022-03-31 07414299 2022-03-31 07414299 2021-03-31 07414299 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07414299 bus:Director1 2022-04-01 2023-03-31 07414299 core:ShareCapital 2023-03-31 07414299 core:ShareCapital 2022-03-31 07414299 core:RetainedEarningsAccumulatedLosses 2023-03-31 07414299 core:RetainedEarningsAccumulatedLosses 2022-03-31 07414299 bus:SmallEntities 2022-04-01 2023-03-31 07414299 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 07414299 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07414299 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07414299 bus:FullAccounts 2022-04-01 2023-03-31 07414299 bus:OrdinaryShareClass1 2023-03-31 07414299 bus:OrdinaryShareClass1 2022-03-31 07414299 1 2023-03-31 07414299 1 2022-03-31 07414299 core:OtherRelatedParties 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 07414299
Warranty & Indemnity Limited
Filleted Unaudited Financial Statements
31 March 2023
Warranty & Indemnity Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Warranty & Indemnity Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
5
5,300
5,300
-------
-------
Net current assets
5,300
5,300
-------
-------
Total assets less current liabilities
5,300
5,300
-------
-------
Capital and reserves
Called up share capital
6
5,000
5,000
Profit and loss account
300
300
-------
-------
Shareholders funds
5,300
5,300
-------
-------
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.
The company did not trade during the year and has not made either a profit or loss.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 .
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
Mr P D Blackmore
Director
Company registration number: 07414299
Warranty & Indemnity Limited
Notes to the Financial Statements
Year ended 31 March 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 Boundary House, 7-17 Jewry Street, London, EC3N 2HP.
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.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
Income tax
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Average number of employees
During the year the average number of employees was 1 (2022: 1) which consisted of the director only.
5. Debtors
2023
2022
£
£
Corporation tax repayable
1,228
1,228
Amounts due from related parties
4,072
4,072
-------
-------
5,300
5,300
-------
-------
6. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
5,000
5,000
5,000
5,000
-------
-------
-------
-------
7. Related party transactions
At the year end the amount due from related parties was £4,072 (2022: £4,072).