Company Registration No. 13705091 (England and Wales)
The Real Loss Boss Online Limited
Unaudited accounts
for the year ended 31 October 2023
The Real Loss Boss Online Limited
Unaudited accounts
Contents
The Real Loss Boss Online Limited
Company Information
for the year ended 31 October 2023
Directors
Neill Scurrah
Rachel Hurley
Company Number
13705091 (England and Wales)
Registered Office
HALLIDAYS FARM MOSS LANE
BILSBORROW
PRESTON
PR3 0RU
ENGLAND
Accountants
Walling Accountants
Unit 1B Hallidays Farm
Bilsborrow
Preston
PR3 0RU
The Real Loss Boss Online Limited
Statement of financial position
as at 31 October 2023
Tangible assets
3,408
3,655
Cash at bank and in hand
5,953
5,060
Creditors: amounts falling due within one year
(5,875)
(6,865)
Net current assets/(liabilities)
903
(1,805)
Total assets less current liabilities
4,311
1,850
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
3,563
1,750
Shareholders' funds
3,663
1,850
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2024 and were signed on its behalf by
Neill Scurrah
Director
Company Registration No. 13705091
The Real Loss Boss Online Limited
Notes to the Accounts
for the year ended 31 October 2023
The Real Loss Boss Online Limited is a private company, limited by shares, registered in England and Wales, registration number 13705091. The registered office is HALLIDAYS FARM MOSS LANE, BILSBORROW, PRESTON, PR3 0RU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% on cost
Fixtures & fittings
25% on reducing balance
Computer equipment
33.3% on cost
The Real Loss Boss Online Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
369
165
4,725
5,259
Additions
200
-
1,586
1,786
At 31 October 2023
569
165
6,311
7,045
At 1 November 2022
20
10
1,574
1,604
Charge for the year
124
39
1,870
2,033
At 31 October 2023
144
49
3,444
3,637
At 31 October 2023
425
116
2,867
3,408
At 31 October 2022
349
155
3,151
3,655
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,393
1,474
Loans from directors
482
5,391
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).