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REGISTERED NUMBER: 09074614 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

38999 LTD

38999 LTD (REGISTERED NUMBER: 09074614)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Balance sheet 1

Notes to the financial statements 2


38999 LTD (REGISTERED NUMBER: 09074614)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 4,786 5,130

Current assets
Debtors 5 6,072 -
Cash at bank 209 16,854
6,281 16,854
Creditors
Amounts falling due within one year 6 9,223 17,373
Net current liabilities (2,942 ) (519 )
Total assets less current liabilities 1,844 4,611

Provisions for liabilities 7 909 975
Net assets 935 3,636

Capital and reserves
Called up share capital 8 1 1
Retained earnings 934 3,635
Shareholders' funds 935 3,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2024 and were signed by:





Mr I A G Cheyne - Director


38999 LTD (REGISTERED NUMBER: 09074614)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. Statutory information

38999 Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09074614. The registered office and business address is 27 Okeford Road, Broadstone, Dorset, BH18 8PA.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents monies received from the provision of cabling and wiring services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

38999 LTD (REGISTERED NUMBER: 09074614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 June 2022 12,843 1,938 280 15,061
Additions 493 - 760 1,253
At 31 May 2023 13,336 1,938 1,040 16,314
Depreciation
At 1 June 2022 8,326 1,535 70 9,931
Charge for year 1,253 101 243 1,597
At 31 May 2023 9,579 1,636 313 11,528
Net book value
At 31 May 2023 3,757 302 727 4,786
At 31 May 2022 4,517 403 210 5,130

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Directors' current accounts 6,072 -

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1,524 1,934
Tax 5,942 10,175
VAT - 3,269
Directors' current accounts - 602
Accruals and deferred income 1,757 1,393
9,223 17,373

7. Provisions for liabilities
2023 2022
£    £   
Deferred tax 909 975

Deferred
tax
£   
Balance at 1 June 2022 975
Provided during year (66 )
Balance at 31 May 2023 909

38999 LTD (REGISTERED NUMBER: 09074614)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr I A G Cheyne
Balance outstanding at start of year - 9,058
Amounts advanced 6,072 -
Amounts repaid - (9,058 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,072 -

At the balance sheet date the Director, Mr I Cheyne, owed the company £6,072. The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

10. Ultimate controlling party

The company is controlled by the director, Mr I Cheyne, who owns 100% of the issued share capital.