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Registration number: 05962836

Treasure IT Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 29 November 2023

 

Treasure IT Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Treasure IT Limited

Company Information

Director

P Morris

Company secretary

A M Morris

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Treasure IT Limited

(Registration number: 05962836)
Balance Sheet as at 29 November 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

500

500

Current assets

 

Debtors

5

19,228

19,228

Cash at bank and in hand

 

23,603

23,603

 

42,831

42,831

Creditors: Amounts falling due within one year

6

(2,785)

(2,785)

Net current assets

 

40,046

40,046

Net assets

 

40,546

40,546

Capital and reserves

 

Called up share capital

2

2

Retained earnings

40,544

40,544

Shareholders' funds

 

40,546

40,546

For the financial year ending 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 August 2024
 

.........................................
P Morris
Director

 

Treasure IT Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
United Kingdom

The principal place of business is:
7 Richmond Village
Stroud Road
Painswick
Gloucester
GL6 6UH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Treasure IT Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 0).

 

Treasure IT Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 30 November 2022

500

500

At 29 November 2023

500

500

Impairment

Carrying amount

At 29 November 2023

500

500

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

7

318

318

Other debtors

 

18,910

18,910

 

19,228

19,228

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

3

3

Accruals and deferred income

750

750

Other creditors

13

13

Director loan account

2,019

2,019

2,785

2,785

 

Treasure IT Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

7

Related party transactions

Summary of transactions with other related parties

The directors both have an interest in CFDS(Pro) Ltd
 

Income and receivables from related parties

2023

Other related parties
£

Amounts receivable from related party

318

2022

Other related parties
£

Amounts receivable from related party

318