Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31Property maintenance servicestrue2022-12-01false11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13758334 2022-12-01 2023-12-31 13758334 2021-12-01 2022-11-30 13758334 2023-12-31 13758334 2022-11-30 13758334 c:Director2 2022-12-01 2023-12-31 13758334 d:MotorVehicles 2022-12-01 2023-12-31 13758334 d:MotorVehicles 2023-12-31 13758334 d:MotorVehicles 2022-11-30 13758334 d:CurrentFinancialInstruments 2023-12-31 13758334 d:CurrentFinancialInstruments 2022-11-30 13758334 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13758334 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13758334 d:ShareCapital 2023-12-31 13758334 d:ShareCapital 2022-11-30 13758334 d:RetainedEarningsAccumulatedLosses 2023-12-31 13758334 d:RetainedEarningsAccumulatedLosses 2022-11-30 13758334 c:FRS102 2022-12-01 2023-12-31 13758334 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 13758334 c:FullAccounts 2022-12-01 2023-12-31 13758334 c:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 13758334 e:PoundSterling 2022-12-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 13758334










REFURBOLOGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
REFURBOLOGY LIMITED
REGISTERED NUMBER: 13758334

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

31 December
As restated
30 November
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
28,964

  
-
28,964

Current assets
  

Debtors: amounts falling due within one year
 5 
24,229
19

Cash at bank and in hand
 6 
143,569
20,779

  
167,798
20,798

Creditors: amounts falling due within one year
 7 
(75,463)
(52,820)

Net assets/(liabilities)
  
 
 
92,335
 
 
(3,058)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
92,334
(3,059)

  
92,335
(3,058)


Page 1

 
REFURBOLOGY LIMITED
REGISTERED NUMBER: 13758334
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
S Safdari
Director

Date: 28 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
REFURBOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Refurbology Limited is a private limited company, limited by shares, registered in England and Wales, registration number 13758334. The registered office is Kemp House 152-160 City Road, London, England, EC1V 2NX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

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.

Page 3

 
REFURBOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
4 years straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price.

 
2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 4

 
REFURBOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets







Motor vehicles

£





At 1 December 2022 (as restated)
28,964


Disposals
(28,964)



At 31 December 2023

-






Net book value



At 31 December 2023
-



At 30 November 2022 (as restated)
28,964


5.


Debtors

31 December
As restated
30 November
2023
2022
£
£


Trade debtors
24,229
-

Other debtors
-
19

24,229
19



6.


Cash

31 December
As restated
30 November
2023
2022
£
£

Cash at bank and in hand
143,569
20,779


Page 5

 
REFURBOLOGY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

31 December
As restated
30 November
2023
2022
£
£

Trade creditors
128
-

Corporation tax
24,232
135

Other taxation and social security
10,812
-

Other creditors
32,964
52,685

Accruals
7,327
-

75,463
52,820



8.


Prior year adjustment

The director discovered that historical balances included within the prior year accounts had been misstated in the financial year ended 30 November 2022. The effect of the adjustments have been as follows:
- Increased Fixed Assets at 30 November 2022 by £250 and restated to £28,964.
- Increased Bank at 30 November 2022 by £20,779 and restated to £20,779.
- Increased Debtors at 30 November 2022 by £19 and restated to £19.
- Increased Creditors at 30 November 2022 by £32,820 and restated to £52,820.
The adjustment to the restated profit and loss totalled expenditure of £11,772.


9.


Related party transactions

During the period ended 31 December 2023, the company paid net advances to the director totalling £34,582 (30 November 2022: £51,651 net advances paid by director). At the period end, the amount owed to the director was £17,069 (30 November 2022: £51,651). The loan is interest free, repayable on demand and included within other creditors.

 
Page 6