Registered number
10520653
TheUrbanglow Design & Heritage Ltd
Unaudited Filleted Accounts
31 December 2023
TheUrbanglow Design & Heritage Ltd
Registered number: 10520653
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 23,630 30,920
Current assets
Debtors 4 16,113 14,232
Cash at bank and in hand 32,273 24,999
48,386 39,231
Creditors: amounts falling due within one year 5 (15,973) (13,249)
Net current assets 32,413 25,982
Total assets less current liabilities 56,043 56,902
Creditors: amounts falling due after more than one year 6 (7,731) (12,149)
Net assets 48,312 44,753
Capital and reserves
Allotted called up and fully paid share capital 1 1
Profit and loss account 48,311 44,752
Shareholder's funds 48,312 44,753
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.
Andrew Graham
Director
Approved by the board on 10 September 2024
TheUrbanglow Design & Heritage Ltd
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 2 years
Motor vehicles 20% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 7,271 42,220 49,491
Additions 1,711 294 2,005
Disposals - (130) (130)
At 31 December 2023 8,982 42,384 51,366
Depreciation
At 1 January 2023 6,618 11,953 18,571
Charge for the year 775 8,418 9,193
On disposals - (28) (28)
At 31 December 2023 7,393 20,343 27,736
Net book value
At 31 December 2023 1,589 22,041 23,630
At 31 December 2022 653 30,267 30,920
4 Debtors 2023 2022
£ £
Trade debtors 9,011 4,989
Other debtors 7,102 9,243
16,113 14,232
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 4,913 4,418
Taxation and social security costs 7,360 4,991
Other creditors 3,700 3,840
15,973 13,249
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 7,731 12,149
7 Other information
TheUrbanglow Design & Heritage Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Cavendish House
St Andrews Court
Leeds
LS3 1JY
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