Registered number
09114349
With Many Roots Ltd
Report and Accounts
31 July 2023
With Many Roots Ltd
Report to the director on the preparation of the unaudited statutory accounts of With Many Roots Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of With Many Roots Ltd for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
11 March 2024
With Many Roots Ltd
Registered number: 09114349
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 974 1,298
Current assets
Debtors 4 118 1,318
Cash at bank and in hand 48,017 17,712
48,135 19,030
Creditors: amounts falling due within one year 5 (20,360) (6,024)
Net current assets 27,775 13,006
Net assets 28,749 14,304
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,649 14,204
Shareholder's funds 28,749 14,304
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S S Cheng
Director
Approved by the board on 11 March 2024
With Many Roots Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment
£
Cost
At 1 August 2022 5,215
At 31 July 2023 5,215
Depreciation
At 1 August 2022 3,917
Charge for the year 324
At 31 July 2023 4,241
Net book value
At 31 July 2023 974
At 31 July 2022 1,298
4 Debtors 2023 2022
£ £
Trade debtors 118 1,318
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,033 1,322
Corporation tax 5,458 3,221
Other taxes and social security costs 3,963 -
Other creditors 5,906 1,481
20,360 6,024
6 Other information
With Many Roots Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11 Curzon Way
Chelmsford
Essex
CM2 6PF
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