for the Period Ended 31 July 2023
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 13 |
for the Period Ended 31 July 2023
Director: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 July 2023
Directors
The directors shown below have held office during the whole of the period from 01 August 2022 to 31 July 2023
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
for the Period Ended 31 July 2023
Notes |
2023 £ |
2022 £ |
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Turnover |
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Cost of sales |
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Gross Profit or (Loss) |
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Administrative Expenses |
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Operating Profit or (Loss) |
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Interest Receivable and Similar Income |
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Interest Payable and Similar Charges |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
Notes |
2023 £ |
2022 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 7 |
( |
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Provision for liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 July 2023
Notes |
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2022 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2023
Basis of measurement and preparation
Turnover policy
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Tangible fixed assets depreciation policy
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers Straight line basis over 5 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
for the Period Ended 31 July 2023
Intangible fixed assets amortisation policy
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
for the Period Ended 31 July 2023
Other accounting policies
for the Period Ended 31 July 2023
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2022 |
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Average number of employees during the period |
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for the Period Ended 31 July 2023
for the Period Ended 31 July 2023
Office equipment | Total | |
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Cost | £ | £ |
At 01 August 2022 |
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Additions |
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Disposals | - | - |
Revaluations |
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Transfers | - | - |
At 31 July 2023 |
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Depreciation | ||
At 01 August 2022 | - | - |
Charge for year |
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On disposals | - | - |
Other adjustments | - | - |
At 31 July 2023 |
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Net book value | ||
At 31 July 2023 |
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At 31 July 2022 |
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for the Period Ended 31 July 2023
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Trade debtors |
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Other debtors |
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Total |
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for the Period Ended 31 July 2023
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2022 £ |
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Bank loans and overdrafts |
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Trade creditors |
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Other creditors |
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Total |
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for the Period Ended 31 July 2023
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2022 £ |
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Bank loans and overdrafts |
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Total |
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