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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
Page
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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
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Supply Path Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
889 
584 
Current assets
Inventories
133,488 
100,349 
Debtors
61,562 
176,642 
Cash at bank and in hand
97,746 
87,222 
292,796 
364,213 
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 
Capital and reserves
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
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Supply Path Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Foreign exchange
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.
Pension costs
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.
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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 
Additions
- 
953 
953 
At 31 December 2023
1,318 
1,070 
2,388 
Depreciation
At 1 January 2023
828 
23 
851 
Charge for the year
439 
209 
648 
At 31 December 2023
1,267 
232 
1,499 
Net book value
At 31 December 2023
51 
838 
889 
At 31 December 2022
490 
94 
584 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
133,488 
100,349 
133,488 
100,349 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,306 
146,245 
Other debtors
12,256 
30,397 
61,562 
176,642 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
63,318 
43,419 
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 
458,962 
354,635 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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