Company Registration No. 8622037 (England and Wales)
Great Sight Ltd
Unaudited accounts
for the year ended 31 December 2023
Great Sight Ltd
Unaudited accounts
Contents
Great Sight Ltd
Company Information
for the year ended 31 December 2023
Company Number
8622037 (England and Wales)
Registered Office
35 Sovereign Court
Victory Street
Loughborough
LE11 2TL
England
Accountants
Tax Return Accountants Ltd
26 Spinning Wheelway
Hackbridge
Wallington
GB
SM6 7DS
Great Sight Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
1,348
3,051
Creditors: amounts falling due within one year
(9,010)
(14,440)
Net current liabilities
(7,662)
(11,389)
Net liabilities
(7,662)
(11,389)
Called up share capital
28,000
28,000
Profit and loss account
(35,662)
(39,389)
Shareholders' funds
(7,662)
(11,389)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and authorised for issue on 15 August 2024 and were signed on its behalf by
Dan Han
Director
Company Registration No. 8622037
Great Sight Ltd
Notes to the Accounts
for the year ended 31 December 2023
Great Sight Ltd is a private company, limited by shares, registered in England and Wales, registration number 8622037. The registered office is 35 Sovereign Court, Victory Street, Loughborough, LE11 2TL, England.
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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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in
equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The director acknowledges the latest guidance on going concern. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of approval of the financial statements, a trend which they expect to extend beyond this period, and therefore she continues to adopt the going concern basis in preparing the annual financial statements.
Great Sight Ltd
Notes to the Accounts
for the year ended 31 December 2023
Registered office address changed from 26 Spinning Wheel Way Hackbridge Wallington SM6 7DS England to 35 Sovereign Court Victoria Street Loughborough LE11 2TL on 15 August 2024
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Creditors: amounts falling due within one year
2023
2022
Loans from directors
8,290
13,290
Allotted, called up and fully paid:
100 Ordinary shares of £280 each
28,000
28,000
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Average number of employees
During the year the average number of employees was 0 (2022: 0).