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Company Registration No. 13928496 (England and Wales)
Who's Got The Bag Limited Unaudited accounts for the year ended 29 February 2024
Who's Got The Bag Limited Unaudited accounts Contents
Page
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Who's Got The Bag Limited Company Information for the year ended 29 February 2024
Director
J C M EPPS
Company Number
13928496 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Who's Got The Bag Limited Accountants' report
Accountants' report to the director of Who's Got The Bag Limited on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Who's Got The Bag Limited for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Who's Got The Bag Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Who's Got The Bag Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Who's Got The Bag Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Who's Got The Bag Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Who's Got The Bag Limited. You consider that Who's Got The Bag 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 accounts of Who's Got The Bag 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 accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 22 July 2024
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Who's Got The Bag Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
42,625 
35,400 
Current assets
Inventories
24,000 
24,000 
Cash at bank and in hand
7,795 
- 
31,795 
24,000 
Creditors: amounts falling due within one year
(116,132)
(111,579)
Net current liabilities
(84,337)
(87,579)
Net liabilities
(41,712)
(52,179)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(41,812)
(52,279)
Shareholders' funds
(41,712)
(52,179)
For the year ending 29 February 2024 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 his 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 22 July 2024 and were signed on its behalf by
J C M EPPS Director Company Registration No. 13928496
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Who's Got The Bag Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Who's Got The Bag Limited is a private company, limited by shares, registered in England and Wales, registration number 13928496. The registered office is 203 West Street, Fareham, PO16 0EN, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
Not charged
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
27,000 
- 
11,200 
38,200 
Additions
- 
10,362 
- 
10,362 
At 29 February 2024
27,000 
10,362 
11,200 
48,562 
Depreciation
At 1 March 2023
- 
- 
2,800 
2,800 
Charge for the year
- 
1,037 
2,100 
3,137 
At 29 February 2024
- 
1,037 
4,900 
5,937 
Net book value
At 29 February 2024
27,000 
9,325 
6,300 
42,625 
At 28 February 2023
27,000 
- 
8,400 
35,400 
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Who's Got The Bag Limited Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
115,007 
110,724 
Accruals
1,125 
855 
116,132 
111,579 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
J C M EPPS
Director Loan Account
(110,724)
(7,350)
(3,066)
(115,008)
(110,724)
(7,350)
(3,066)
(115,008)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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