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Registered Number: 08194566


 

 

 

SUBSTRAD LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 October 2021

End date: 31 March 2023
 
 
Notes
 
2023
£
  2021
£
Fixed assets      
Intangible fixed assets 3   9,650 
Tangible fixed assets 4   43,136 
  52,786 
Current assets      
Debtors 3,764    16,081 
Cash at bank and in hand 44,957    331,630 
48,721    347,711 
Creditors: amount falling due within one year (66,009)   (225,367)
Net current liabilities (17,288)   122,344 
 
Total assets less current liabilities (17,288)   175,130 
Net liabilities (17,288)   175,130 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (17,388)   175,030 
Shareholder's funds (17,288)   175,130 
 


For the period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 March 2024 and were signed by:


-------------------------------
Mohammed Abbas Hanif
Director
1
General Information
SUBSTRAD LIMITED is a private company, limited by shares, registered in , registration number 08194566, registration address 33 Palmerston Road Walthamstow, London, E17 6PR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Reducing Balance
Fixtures and Fittings 20 Reducing Balance
Computer Equipment 20 Reducing Balance
2.

Average number of employees

Average number of employees during the period was 1 (2021 : 1).
3.

Intangible fixed assets

Cost Goodwill   Other   Total
  £   £   £
At 01 October 2021 16,999    1    17,000 
Additions    
Disposals (16,999)   (1)   (17,000)
At 31 March 2023    
Amortisation
At 01 October 2021 7,350      7,350 
Charge for period 2,573      2,573 
On disposals (9,923)     (9,923)
At 31 March 2023    
Net book values
At 31 March 2023    
At 30 September 2021 9,649    1    9,650 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 October 2021 157,771    29,410    10,445    197,626 
Additions     446    446 
Disposals (157,771)   (29,410)   (10,891)   (198,072)
At 31 March 2023      
Depreciation
At 01 October 2021 125,259    21,996    7,235    154,490 
Charge for period 8,670    1,979    975    11,624 
On disposals (133,929)   (23,975)   (8,210)   (166,114)
At 31 March 2023      
Net book values
Closing balance as at 31 March 2023      
Opening balance as at 01 October 2021 32,512    7,414    3,210    43,136 


2