Scriberia Limited
Registered number: 07152345
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 2,195,756 2,246,277
Current assets
Debtors 5 386,419 523,050
Cash at bank and in hand 452,247 381,945
838,666 904,995
Creditors: amounts falling due within one year 6 (1,380,934) (1,437,563)
Net current liabilities (542,268) (532,568)
Total assets less current liabilities 1,653,488 1,713,709
Creditors: amounts falling due after more than one year 7 (19,921) (29,689)
Net assets 1,633,567 1,684,020
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,633,467 1,683,920
Shareholders' funds 1,633,567 1,684,020
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
C J Wilson
Director
Approved by the board on 17 September 2024
Scriberia Limited
Notes to the Accounts
for the year ended 31 December 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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Taxation 2023 2022
£ £
Corporation tax charge for the year 62,759 63,611
Prior year tax adjustments - -
(R& D Claim)
62,759 63,611
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 32 32
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 2,529,438 57,017 2,586,455
Additions - 421 421
At 31 December 2023 2,529,438 57,438 2,586,876
Depreciation
At 1 January 2023 284,252 55,926 340,178
Charge for the year 50,588 354 50,942
At 31 December 2023 334,840 56,280 391,120
Net book value
At 31 December 2023 2,194,598 1,158 2,195,756
At 31 December 2022 2,245,186 1,091 2,246,277
5 Debtors 2023 2022
£ £
Trade debtors 284,263 427,578
Amounts owed by group undertakings and undertakings in which the company has a participating interest 60,065 60,065
Prepayments 42,091 34,842
Other debtors - 565
386,419 523,050
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 1,204,559 1,255,046
Trade creditors 26,400 37,811
Corporation tax 62,759 63,611
Other taxes and social security costs 66,247 81,095
Accruals 15,000 -
Pension liability 5,969 -
1,380,934 1,437,563
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,921 29,689
8 Controlling party
The ultimate controlling party is D R Porter and C J Wilson who together own 100% of the issued shares in the company
9 Other information
Scriberia Limited is a private company limited by shares and incorporated in England. Its registered office is:
16A Northdown Street
London
N1 9BG
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