COMPANY REGISTRATION NUMBER:
06748460
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
STATEMENT OF FINANCIAL POSITION |
|
31 December 2023
CAPITAL AND RESERVES
Called up share capital |
|
1,500,000 |
|
1,500,000 |
Profit and loss account |
|
(
1,500,000) |
|
(
1,500,000) |
|
|
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|
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SHAREHOLDERS FUNDS |
|
– |
|
– |
|
|
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------------ |
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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 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
23 September 2024
, and are signed on behalf of the board by:
Company registration number:
06748460
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 DECEMBER 2023
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Howley Park Road, Morley, Leeds, LS27 0BN.
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. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as the group have confirmed their ongoing support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied, exclusive of Value Added Tax.
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:
|
Plant and machinery |
- |
Variable, depending on type of asset
|
|
Fixtures and fittings |
- |
Variable, depending on type of asset
|
|
Motor vehicles |
- |
written off over 24 months
|
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Office equipment |
- |
Variable, depending on type of asset
|
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Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
The company participates in a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to Nil
(2022:
18
).
5.
CONTROLLING PARTY
The company is a wholly-owned subsidiary of Suzuki Garphyttan Limited. The ultimate controlling party is Suzuki Garphyttan AB, a company incorporated in Sweden, which is a group member of Nippon Steel & Sumitomo Metal Corporation, a company incorporated in Japan. Group accounts can be requested from the parent company at the following address: Suzuki Garphyttan AB Bruksvagen 3 SE-719 80 Garphyttan Sweden