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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
308,614
368,250
99,250
577,614
125,380
120,219
28,533
217,066
360,548
183,234
xbrli:pure
xbrli:shares
iso4217:GBP
11191856
2023-04-01
2024-03-31
11191856
2024-03-31
11191856
2023-03-31
11191856
2022-04-01
2023-03-31
11191856
2023-03-31
11191856
2022-03-31
11191856
bus:Director2
2023-04-01
2024-03-31
11191856
core:WithinOneYear
2024-03-31
11191856
core:WithinOneYear
2023-03-31
11191856
core:AfterOneYear
2024-03-31
11191856
core:AfterOneYear
2023-03-31
11191856
core:ShareCapital
2024-03-31
11191856
core:ShareCapital
2023-03-31
11191856
core:RetainedEarningsAccumulatedLosses
2024-03-31
11191856
core:RetainedEarningsAccumulatedLosses
2023-03-31
11191856
bus:SmallEntities
2023-04-01
2024-03-31
11191856
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
11191856
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
11191856
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
11191856
bus:FullAccounts
2023-04-01
2024-03-31
11191856
core:OtherPropertyPlantEquipment
2023-04-01
2024-03-31
11191856
core:OtherPropertyPlantEquipment
2023-03-31
11191856
core:OtherPropertyPlantEquipment
2024-03-31
COMPANY REGISTRATION NUMBER:
11191856
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 March 2024
Fixed assets
Tangible assets |
5 |
360,548 |
183,234 |
|
|
|
|
Current assets
Debtors |
6 |
64,260 |
46,307 |
Cash at bank and in hand |
185,895 |
184,823 |
|
--------- |
--------- |
|
250,155 |
231,130 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
85,208 |
34,363 |
|
--------- |
--------- |
Net current assets |
164,947 |
196,767 |
|
--------- |
--------- |
Total assets less current liabilities |
525,495 |
380,001 |
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
81,124 |
46,673 |
|
|
|
|
Provisions |
68,504 |
34,814 |
|
--------- |
--------- |
Net assets |
375,867 |
298,514 |
|
--------- |
--------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
375,767 |
298,414 |
|
--------- |
--------- |
Shareholders funds |
375,867 |
298,514 |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
31 March 2024
These financial statements were approved by the
board of directors
and authorised for issue on
13 September 2024
, and are signed on behalf of the board by:
Company registration number:
11191856
Notes to the Financial Statements |
|
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Whittle Close, Engineer Park, Sandycroft, Deeside, CH5 2QY.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
The directors carried out their company duties for no remuneration.
5.
Tangible assets
|
Equipment |
|
£ |
Cost |
|
At 1 April 2023 |
308,614 |
Additions |
368,250 |
Disposals |
(
99,250) |
|
--------- |
At 31 March 2024 |
577,614 |
|
--------- |
Depreciation |
|
At 1 April 2023 |
125,380 |
Charge for the year |
120,219 |
Disposals |
(
28,533) |
|
--------- |
At 31 March 2024 |
217,066 |
|
--------- |
Carrying amount |
|
At 31 March 2024 |
360,548 |
|
--------- |
At 31 March 2023 |
183,234 |
|
--------- |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
64,225 |
44,646 |
Other debtors |
35 |
1,661 |
|
-------- |
-------- |
|
64,260 |
46,307 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
10,015 |
– |
Social security and other taxes |
3,909 |
2,283 |
Other creditors |
71,284 |
32,080 |
|
-------- |
-------- |
|
85,208 |
34,363 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
81,124 |
46,673 |
|
-------- |
-------- |
|
|
|