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Company registration number: 04992257
Undercurrent Limited
Unaudited filleted financial statements
31 December 2023
Undercurrent Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Undercurrent Limited
Directors and other information
Directors Mr Didier Ryan
Company number 04992257
Registered office 749a Ormskirk Road
Wigan
England
WN5 8AT
Business address 749a Ormskirk Road
Wigan
England
WN5 8AT
Accountants Practical Business Solutions (NW) Limited
749a Ormskirk Road
Wigan
England
WN5 8AT
Undercurrent Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Undercurrent Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Undercurrent Limited for the year ended 31 December 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants , we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com.
This report is made solely to the board of directors of Undercurrent Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Undercurrent Limited and state those matters that we have agreed to state to the board of directors of Undercurrent Limited as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Undercurrent Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Undercurrent Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Undercurrent Limited. You consider that Undercurrent Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Undercurrent Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Practical Business Solutions (NW) Limited
Chartered Global Management Accountant
749a Ormskirk Road
Wigan
England
WN5 8AT
5 August 2024
Undercurrent Limited
Statement of financial position
31 December 2023
2023 2022
£ £
Fixed assets 19,854 19,854
_______ _______
Current assets 6,332 19,381
Creditors: amounts falling due within one year ( 34,118) ( 51,453)
_______ _______
Net current liabilities ( 27,786) ( 32,072)
_______ _______
Total assets less current liabilities ( 7,932) ( 12,218)
Accruals and deferred income ( 600) ( 653)
_______ _______
Net liabilities ( 8,532) ( 12,871)
_______ _______
Capital and reserves ( 8,532) ( 12,871)
_______ _______
Undercurrent Limited
Year ended 31 December 2023
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts 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 accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 05 August 2024 , and are signed on behalf of the board by:
Mr Didier Ryan
Director
Company registration number: 04992257
The company is a private company limited by shares, registered in England.