COMPANY REGISTRATION NUMBER:
14479195
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 November 2023
Fixed assets
Current assets
Debtors |
6 |
1 |
Cash at bank and in hand |
34,616 |
|
-------- |
|
34,617 |
|
|
|
Creditors: amounts falling due within one year |
7 |
17,260 |
|
-------- |
Net current assets |
17,357 |
|
-------- |
Total assets less current liabilities |
22,982 |
|
-------- |
|
|
|
Capital and reserves
Profit and loss account |
22,982 |
|
-------- |
Shareholders funds |
22,982 |
|
-------- |
|
|
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 Period ending 30 November 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 Period 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
26 January 2024
, and are signed on behalf of the board by:
Dr Stella Vasanth |
|
Director |
|
|
|
Company registration number:
14479195
Notes to the Financial Statements |
|
Period from 11 November 2022 to 30 November 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 136 St Albans Road, Watford, WD24 4FT.
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.
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:
|
Motor vehicles |
- |
25% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Employee numbers
The average number of persons employed by the company during the Period amounted to
1
.
5.
Tangible assets
|
Motor vehicles |
|
£ |
Cost |
|
At 11 November 2022 |
– |
Additions |
7,500 |
|
------- |
At 30 November 2023 |
7,500 |
|
------- |
Depreciation |
|
At 11 November 2022 |
– |
Charge for the period |
1,875 |
|
------- |
At 30 November 2023 |
1,875 |
|
------- |
Carrying amount |
|
At 30 November 2023 |
5,625 |
|
------- |
|
|
6.
Debtors
|
30 Nov 23 |
|
£ |
Other debtors |
1 |
|
---- |
|
|
7.
Creditors:
amounts falling due within one year
|
30 Nov 23 |
|
£ |
Corporation tax |
17,260 |
|
-------- |
|
|
8.
Financial instruments
There are no financial instruments requiring further disclosure.
9.
Director's advances, credits and guarantees
There are no material transactions with the directors requiring further disclosure.