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COMPANY REGISTRATION NUMBER: 12224742
Same Same Just Different Limited
Filleted Unaudited Financial Statements
31 March 2024
Same Same Just Different Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
4,176
5,568
Current assets
Debtors
5
2,979
6,288
Cash at bank and in hand
191
28
-------
-------
3,170
6,316
Creditors: amounts falling due within one year
6
2,765
3,272
-------
-------
Net current assets
405
3,044
-------
-------
Total assets less current liabilities
4,581
8,612
Creditors: amounts falling due after more than one year
7
10,040
11,794
--------
--------
Net liabilities
( 5,459)
( 3,182)
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 5,460)
( 3,183)
-------
-------
Shareholders deficit
( 5,459)
( 3,182)
-------
-------
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 .
Same Same Just Different Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr P McCreadie
Director
Company registration number: 12224742
Same Same Just Different Limited
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. The address of the registered office is 81 Bloxham Road, Banbury, Oxon, OX16 9JS.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current 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.
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.
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:
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
4. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
3,000
8,663
11,663
-------
-------
--------
Depreciation
At 1 April 2023
1,711
4,384
6,095
Charge for the year
322
1,070
1,392
-------
-------
--------
At 31 March 2024
2,033
5,454
7,487
-------
-------
--------
Carrying amount
At 31 March 2024
967
3,209
4,176
-------
-------
--------
At 31 March 2023
1,289
4,279
5,568
-------
-------
--------
5. Debtors
2024
2023
£
£
Other debtors
2,979
6,288
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,072
2,072
Other creditors
693
1,200
-------
-------
2,765
3,272
-------
-------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,040
11,794
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr P McCreadie
2,452
3,669
( 3,142)
2,979
-------
-------
-------
-------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr P McCreadie
12,812
28
( 10,388)
2,452
--------
----
--------
-------