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REGISTERED NUMBER: 08773302 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 30 November 2023

for

Divided Ltd

Divided Ltd (Registered number: 08773302)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Divided Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: F Moore





REGISTERED OFFICE: 7 Clay Place
Halling
Rochester
ME2 1FN





REGISTERED NUMBER: 08773302 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Divided Ltd (Registered number: 08773302)

Report of the Director
for the Year Ended 30 November 2023

The director presents his report with the financial statements of the company for the year ended 30 November 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of service and sales of domestic water softeners.

DIRECTOR
F Moore held office during the whole of the period from 1 December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





F Moore - Director


12 August 2024

Divided Ltd (Registered number: 08773302)

Income Statement
for the Year Ended 30 November 2023

30.11.23 30.11.22
Notes £    £   

TURNOVER 107,976 93,469

Cost of sales 254 559
GROSS PROFIT 107,722 92,910

Administrative expenses 47,857 48,326
OPERATING PROFIT 4 59,865 44,584

Interest receivable and similar income 8 -
59,873 44,584

Interest payable and similar expenses 411 536
PROFIT BEFORE TAXATION 59,462 44,048

Tax on profit 12,242 8,576
PROFIT FOR THE FINANCIAL YEAR 47,220 35,472

Divided Ltd (Registered number: 08773302)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,398 1,864

CURRENT ASSETS
Debtors 6 64,134 58,634
Cash at bank 5,524 2,800
69,658 61,434
CREDITORS
Amounts falling due within one year 7 62,215 49,457
NET CURRENT ASSETS 7,443 11,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,841

13,841

CREDITORS
Amounts falling due after more than one
year

8

8,741

13,741
NET ASSETS 100 100

CAPITAL AND RESERVES
Called up share capital 100 100
SHAREHOLDERS' FUNDS 100 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the director and authorised for issue on 12 August 2024 and were signed by:





F Moore - Director


Divided Ltd (Registered number: 08773302)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Divided Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

30.11.23 30.11.22
£    £   
Depreciation - owned assets 466 621

Divided Ltd (Registered number: 08773302)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 5,286
DEPRECIATION
At 1 December 2022 3,422
Charge for year 466
At 30 November 2023 3,888
NET BOOK VALUE
At 30 November 2023 1,398
At 30 November 2022 1,864

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 13,104 8,970
Other debtors 51,030 49,664
64,134 58,634

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,000 5,005
Taxation and social security 56,615 43,390
Other creditors 600 1,062
62,215 49,457

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 8,741 13,741

Divided Ltd (Registered number: 08773302)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
F Moore
Balance outstanding at start of year 24,832 22,152
Amounts advanced 25,515 24,832
Amounts repaid (24,832 ) (22,152 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,515 24,832