for the Period Ended 31 May 2024
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 10 |
for the Period Ended 31 May 2024
Registered office: |
GB-SCT |
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Company Registration Number: |
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As at
Notes |
2024 £ |
2023 £ |
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Fixed assets | |||
Intangible assets: | 4 |
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Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 May 2024
Notes |
2024 £ |
2023 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
Basis of measurement and preparation
Turnover policy
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Tangible fixed assets depreciation policy
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery 33.33% straight line
Computer equipment 33.33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Intangible fixed assets amortisation policy
for the Period Ended 31 May 2024
Valuation information and policy
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
Other accounting policies
for the Period Ended 31 May 2024
2024 |
2023 |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
for the Period Ended 31 May 2024
Total | |
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Cost | £ |
At 01 June 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2024 |
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Amortisation | |
Amortisation at 01 June 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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Amortisation at 31 May 2024 |
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Net book value | |
Net book value at 31 May 2024 |
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Net book value at 31 May 2023 |
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for the Period Ended 31 May 2024
Total | |
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Cost | £ |
At 01 June 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 May 2024 |
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Depreciation | |
At 01 June 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 May 2024 |
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Net book value | |
At 31 May 2024 |
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At 31 May 2023 |
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for the Period Ended 31 May 2024
Taxation and social security £33,649 (2023-£30,456)
Other creditors £202,530 (2023-£190,600)
for the Period Ended 31 May 2024
Name of related party: |
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Description of relationship: | |
Directors and shareholders | |
Description of the transaction: | |
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Balance at 01 June 2023 |
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Balance at 31 May 2024 |
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