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
Who's Got The Bag Limited
Company Information
for the year ended 29 February 2024
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
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
Who's Got The Bag Limited
Statement of financial position
as at 29 February 2024
Tangible assets
42,625
35,400
Cash at bank and in hand
7,795
-
Creditors: amounts falling due within one year
(116,132)
(111,579)
Net current liabilities
(84,337)
(87,579)
Net liabilities
(41,712)
(52,179)
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
Who's Got The Bag Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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
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
At 29 February 2024
27,000
9,325
6,300
42,625
At 28 February 2023
27,000
-
8,400
35,400
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).