2
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-05-01
Sage Accounts Production Advanced 2023 - FRS102_2023
48,000
13,000
12,000
25,000
23,000
35,000
xbrli:pure
xbrli:shares
iso4217:GBP
07881311
2023-05-01
2024-04-30
07881311
2024-04-30
07881311
2023-04-30
07881311
2022-05-01
2023-04-30
07881311
2023-04-30
07881311
2022-04-30
07881311
core:MotorVehicles
2023-05-01
2024-04-30
07881311
bus:Director1
2023-05-01
2024-04-30
07881311
bus:Director2
2023-05-01
2024-04-30
07881311
core:MotorVehicles
2023-04-30
07881311
core:MotorVehicles
2024-04-30
07881311
core:WithinOneYear
2024-04-30
07881311
core:WithinOneYear
2023-04-30
07881311
core:AfterOneYear
2024-04-30
07881311
core:AfterOneYear
2023-04-30
07881311
core:ShareCapital
2024-04-30
07881311
core:ShareCapital
2023-04-30
07881311
core:RetainedEarningsAccumulatedLosses
2024-04-30
07881311
core:RetainedEarningsAccumulatedLosses
2023-04-30
07881311
core:MotorVehicles
2023-04-30
07881311
bus:SmallEntities
2023-05-01
2024-04-30
07881311
bus:AuditExemptWithAccountantsReport
2023-05-01
2024-04-30
07881311
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
07881311
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
07881311
bus:FullAccounts
2023-05-01
2024-04-30
COMPANY REGISTRATION NUMBER:
07881311
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 April 2024
Fixed assets
Tangible assets |
5 |
|
23,000 |
35,000 |
|
|
|
|
|
Current assets
Debtors |
6 |
7,952 |
|
7,926 |
Cash at bank and in hand |
337 |
|
2,811 |
|
------- |
|
-------- |
|
8,289 |
|
10,737 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
38,156 |
|
20,228 |
|
-------- |
|
-------- |
Net current liabilities |
|
29,867 |
9,491 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
(
6,867) |
25,509 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
38,366 |
48,798 |
|
|
-------- |
-------- |
Net liabilities |
|
(
45,233) |
(
23,289) |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
2 |
2 |
Profit and loss account |
|
(
45,235) |
(
23,291) |
|
|
-------- |
-------- |
Shareholders deficit |
|
(
45,233) |
(
23,289) |
|
|
-------- |
-------- |
|
|
|
|
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 income and retained earnings has not been delivered.
For the year ending 30 April 2024 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
.
Statement of Financial Position (continued) |
|
30 April 2024
These financial statements were approved by the
board of directors
and authorised for issue on
25 July 2024
, and are signed on behalf of the board by:
C I Pettie |
L J Pettie |
Director |
Director |
|
|
Company registration number:
07881311
Notes to the Financial Statements |
|
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Godalming Business Centre, Woolsack Way, Godalming, Surrey, GU7 1XW, England.
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.
Going concern
As at the Balance Sheet date the company has negative reserves of £45,235 (2023:£23,291). The shareholders have confirmed they will support the company for a minimum of 12 months from the date of signing the accounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicles |
- |
25% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
Motor vehicles |
|
£ |
Cost |
|
At 1 May 2023 and 30 April 2024 |
48,000 |
|
-------- |
Depreciation |
|
At 1 May 2023 |
13,000 |
Charge for the year |
12,000 |
|
-------- |
At 30 April 2024 |
25,000 |
|
-------- |
Carrying amount |
|
At 30 April 2024 |
23,000 |
|
-------- |
At 30 April 2023 |
35,000 |
|
-------- |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
7,952 |
7,926 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
4,800 |
4,801 |
Other creditors |
33,356 |
15,427 |
|
-------- |
-------- |
|
38,156 |
20,228 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
6,000 |
10,800 |
Other creditors |
32,366 |
37,998 |
|
-------- |
-------- |
|
38,366 |
48,798 |
|
-------- |
-------- |
|
|
|
9.
Directors' advances, credits and guarantees
At the year end the Director was owed £19,723 by the company (2023 £1,723)