Registered number
12298661
Cabandmiles Limited
Unaudited Filleted Accounts
30 November 2023
Cabandmiles Limited
Registered number: 12298661
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,807 -
Current assets
Cash at bank and in hand 51,568 50,879
Creditors: amounts falling due within one year 4 (1,043) (1,564)
Net current assets 50,525 49,315
Total assets less current liabilities 58,332 49,315
Creditors: amounts falling due after more than one year 6 (81,333) -
Net (liabilities)/assets (23,001) 49,315
Capital and reserves
Called up share capital 2,000 2,000
Share premium 269,000 269,000
Profit and loss account (294,001) (221,685)
Shareholder's funds (23,001) 49,315
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mustafa Serif Alyanak
Director
Approved by the board on 29 August 2024
Cabandmiles Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 7,807
At 30 November 2023 7,807
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 7,807
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 27 2,165
Taxation and social security costs (489) (984)
Other creditors 1,505 383
1,043 1,564
5 Share premium account
The share premium account was created as a result of £270,000 seed investment and as a result 1,000 ordinary shares were allotted making the total shares issued 2,000.
6 Creditors: amounts falling due after one year 2023 2022
£ £
Seed investment 81,333 -
7 Other information
Cabandmiles Limited is a private company limited by shares and incorporated in England. Its registered office is:
214 Lower Addiscombe Road
Croydon
CR0 7AB
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