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COMPANY REGISTRATION NUMBER: 14361061
Schorad Limited
Filleted Unaudited Financial Statements
30 September 2023
Schorad Limited
Statement of Financial Position
30 September 2023
2023
Note
£
Current assets
Debtors
4
4,081
Cash at bank and in hand
20,415
------------
24,496
Creditors: amounts falling due within one year
5
( 6,238)
------------
Net current assets
18,258
------------
Total assets less current liabilities
18,258
------------
Net assets
18,258
------------
Schorad Limited
Statement of Financial Position (continued)
30 September 2023
2023
Note
£
Capital and reserves
Called up share capital
8
Profit and loss account
18,250
------------
Shareholders funds
18,258
------------
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 comprehensive income has not been delivered.
For the year ending 30 September 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 year 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 15 February 2024 , and are signed on behalf of the board by:
Mrs M L Schofield
Director
Company registration number: 14361061
Schorad Limited
Notes to the Financial Statements
Year ended 30 September 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 3 Rectory Gardens, Church Street, Whittington, Carnforth, LA6 2NU.
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 and represents amounts receivable for services rendered.
Taxation
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.
4. Debtors
2023
£
Trade debtors
4,081
------------
5. Creditors: amounts falling due within one year
2023
£
Corporation tax
4,303
Other creditors
1,935
------------
6,238
------------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs M L Schofield
( 1,427)
( 1,427)
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------------
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