2025 (North) Ltd |
Notes to the Accounts |
for the year ended 31 January 2024 |
|
|
1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current period. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Corporation tax |
- |
|
1,778 |
|
Other creditors |
1,409 |
|
2,435 |
|
|
|
|
|
|
1,409 |
|
4,213 |
|
|
|
|
|
|
|
|
|
|
4 |
Other information |
|
|
2025 (North) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
69 Dee Street |
|
Aberdeen |
|
AB11 6EE |