Company Registration No. 13081447 (England and Wales)
Supply Path Limited
Unaudited accounts
for the year ended 31 December 2023
Supply Path Limited
Unaudited accounts
Contents
Supply Path Limited
Company Information
for the year ended 31 December 2023
Directors
Jody Craig Jacobs
Laura Michelle Jacobs
Company Number
13081447 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Supply Path Limited
Statement of financial position
as at 31 December 2023
Inventories
133,488
100,349
Cash at bank and in hand
97,746
87,222
Creditors: amounts falling due within one year
(458,962)
(354,635)
Net current (liabilities)/assets
(166,166)
9,578
Net (liabilities)/assets
(165,277)
10,162
Called up share capital
100
100
Profit and loss account
(165,377)
10,062
Shareholders' funds
(165,277)
10,162
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
Jody Craig Jacobs
Director
Company Registration No. 13081447
Supply Path Limited
Notes to the Accounts
for the year ended 31 December 2023
Supply Path Limited is a private company, limited by shares, registered in England and Wales, registration number 13081447. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% on straight line
Computer equipment
20% on reducing value
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Supply Path Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,318
117
1,435
At 31 December 2023
1,318
1,070
2,388
At 1 January 2023
828
23
851
Charge for the year
439
209
648
At 31 December 2023
1,267
232
1,499
At 31 December 2023
51
838
889
At 31 December 2022
490
94
584
Finished goods
133,488
100,349
Amounts falling due within one year
Trade debtors
49,306
146,245
Other debtors
12,256
30,397
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
67,581
72,685
Taxes and social security
47,006
49,118
Other creditors
278,730
189,318
Loans from directors
2,327
95
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).