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COMPANY REGISTRATION NUMBER: 08090563
CURVATURE BUSINESS SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2023
CURVATURE BUSINESS SERVICES LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
CURVATURE BUSINESS SERVICES LIMITED
BALANCE SHEET
31 May 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
2,537
3,383
Current assets
Debtors
6
14,000
7,682
Cash at bank and in hand
44,304
29,105
------------
------------
58,304
36,787
Creditors: amounts falling due within one year
7
( 37,671)
( 19,198)
------------
------------
Net current assets
20,633
17,589
------------
------------
Total assets less current liabilities
23,170
20,972
Provisions
Taxation including deferred tax
8
( 482)
( 643)
------------
------------
Net assets
22,688
20,329
------------
------------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
22,588
20,229
------------
------------
Shareholders funds
22,688
20,329
------------
------------
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 profit and loss account has not been delivered.
For the year ending 31 May 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 .
These financial statements were approved by the board of directors and authorised for issue on 20 February 2024 , and are signed on behalf of the board by:
J S Hinkley Director
Company registration number: 08090563
CURVATURE BUSINESS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 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 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initally recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
Office Equipment
-
25% reducing balance
Computer Equipment
-
25% reducing balance
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.
Defined contribution plans
The company operates defined contribution pension schemes for certain employees. The assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Office Equipment
Computer Equipment
Total
£
£
£
Cost
At 1 June 2022 and 31 May 2023
5,870
8,284
14,154
------------
------------
------------
Depreciation
At 1 June 2022
4,717
6,054
10,771
Charge for the year
288
558
846
------------
------------
------------
At 31 May 2023
5,005
6,612
11,617
------------
------------
------------
Carrying amount
At 31 May 2023
865
1,672
2,537
------------
------------
------------
At 31 May 2022
1,153
2,230
3,383
------------
------------
------------
6. Debtors
2023
2022
£
£
Prepayments and accrued income
14,000
7,151
PAYE debtor
531
------------
------------
14,000
7,682
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
19,109
5,583
Social security and other taxes
13,517
11,964
Director's loan account
5,045
1,651
------------
------------
37,671
19,198
------------
------------
8. Provisions
Deferred tax (note 9)
£
At 1 June 2022
643
Charge against provision
( 161)
------------
At 31 May 2023
482
------------
9. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions (note 8)
482
643
------------
------------
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
11. Director's advances, credits and guarantees
The director's loan account of £5,045 (2022: £1,651) set out at note 9 above is unsecured, repayable on demand and currently interest free.
12. Related party transactions
The company is controlled by J S Hinkley .