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COMPANY REGISTRATION NUMBER: 13540814
Eighteen Eight Data Solutions Limited
Filleted Unaudited Financial Statements
31 October 2023
Eighteen Eight Data Solutions Limited
Balance Sheet
31 October 2023
31 Oct 23
Note
£
Current assets
Debtors
4
19,974
Cash at bank and in hand
259
--------
20,233
Creditors: amounts falling due within one year
5
19,813
--------
Net current assets
420
----
Total assets less current liabilities
420
----
Net assets
420
----
Capital and reserves
Called up share capital
400
Profit and loss account
20
----
Shareholders funds
420
----
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 period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 29 February 2024 , and are signed on behalf of the board by:
Mr P Redmond
Mr I Vujosevic
Director
Director
Company registration number: 13540814
Eighteen Eight Data Solutions Limited
Notes to the Financial Statements
Period from 1 May 2022 to 31 October 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 Unit A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN, United Kingdom.
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.
Income tax
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
31 Oct 23
£
Other debtors
19,974
--------
5. Creditors: amounts falling due within one year
31 Oct 23
£
Corporation tax
18,563
Other creditors
1,250
--------
19,813
--------
6. Financial instruments
The carrying amount for each category of financial instrument is as follows:
31 Oct 23
£
Financial assets measured at fair value through profit or loss
Financial assets measured at fair value through profit or loss
259
----
Financial liabilities measured at fair value through profit or loss
Financial liabilities measured at fair value through profit or loss
1,650
-------
7. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
31 Oct 23
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr P Redmond
17,607
17,607
----
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