for the Period Ended 31 October 2023
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 11 |
for the Period Ended 31 October 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 October 2023
Principal Activities
Political and charitable donations
Company policy on the employment of disabled persons
Additional information
The company adopted a tax policy on the 18th October 2017: We will pay all the taxes we owe in accordance with the spirit of all tax laws that apply to our operations. Business thrives only because society provides the infrastructure and security for us to do so; it is therefore our duty to pay our taxes fully as responsible participants in society. We will seek to pay the fair and correct amount of tax, on time and in the right place by ensuring that we report our tax affairs to reflect where our goods and services are delivered. We will never seek to use tax law or allowances and reliefs in ways that are contrary to the spirit of the law. Nor will we manipulate or create transactions to gain tax advantages otherwise unavailable to us. As a result the company will never undertake transactions that would require notification to HM Revenue & Customs under the Disclosure of Tax Avoidance Schemes Regulations or participate in any arrangement to which it might be reasonable anticipated that the UK’s General Anti-Abuse Rule might apply. We believe tax havens undermine the UK’s tax system. As a result whilst we will trade with customers and suppliers genuinely located in places considered to be tax havens we will not make use of those places to secure a tax advantage, and nor will we take advantage of the secrecy that many such jurisdictions provide for transactions recorded within them. Our accounts will be prepared in compliance with this policy and will seek to provide all information that users, including HM revenue & Customs, might need to properly appraise our tax position.
Directors
The directors shown below have held office during the whole of the period from 01 November 2022 to 31 October 2023
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 October 2023
Notes |
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Turnover |
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Cost of sales |
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Gross Profit or (Loss) |
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Distribution Costs |
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Administrative Expenses |
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Operating Profit or (Loss) |
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Profit or (Loss) Before Tax |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
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2022 £ |
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Fixed assets | |||
Intangible assets: | 4 |
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Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 6 |
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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: | 7 |
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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: | 8 |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 October 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
The notes form part of these financial statements
for the Period Ended 31 October 2023
Basis of measurement and preparation
Turnover policy
supplied during the period, exclusive of Value Added Tax and trade discounts. The company has not yet started trading.
Tangible fixed assets depreciation policy
losses. Cost
includes costs directly attributable to making the asset capable of operating as intended by management.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over their expected useful lives as follows:
Fixtures & fittings - 20% on cost,
Computer Equipment - 20% on cost
Website - 10% on cost
Intangible fixed assets amortisation policy
Costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out
formula.
Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Other accounting policies
for the Period Ended 31 October 2023
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Average number of employees during the period |
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for the Period Ended 31 October 2023
for the Period Ended 31 October 2023
Goodwill | Total | |
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Cost | £ | £ |
At 01 November 2022 |
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Additions |
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Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 October 2023 |
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Amortisation | ||
Amortisation at 01 November 2022 | - | - |
Charge for year | - | - |
On disposals | - | - |
Other adjustments | - | - |
Amortisation at 31 October 2023 | - | - |
Net book value | ||
Net book value at 31 October 2023 |
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Net book value at 31 October 2022 |
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for the Period Ended 31 October 2023
Plant & machinery | Fixtures & fittings | Office equipment | Total | |
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Cost | £ | £ | £ | £ |
At 01 November 2022 |
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Additions |
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Disposals | - | - | - | - |
Revaluations | - | - | - | - |
Transfers | - | - | - | - |
At 31 October 2023 |
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Depreciation | ||||
At 01 November 2022 |
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Charge for year |
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On disposals | - | - | - | - |
Other adjustments | - | - | - | - |
At 31 October 2023 |
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Net book value | ||||
At 31 October 2023 |
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At 31 October 2022 |
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for the Period Ended 31 October 2023
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Trade debtors |
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Total |
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for the Period Ended 31 October 2023
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Total |
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for the Period Ended 31 October 2023
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2022 £ |
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Other creditors |
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Total |
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