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COMPANY REGISTRATION NUMBER: 12969486
Showbie UK Ltd
Filleted Unaudited Financial Statements
30 September 2023
Showbie UK Ltd
Financial Statements
Year ended 30 September 2023
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Showbie UK Ltd
Officers and Professional Advisers
Director
C Bramm
Registered office
71-75 Shelton Street
Covent Garden
London
England
WC2H 9JQ
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Showbie UK Ltd
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Showbie UK Ltd
Year ended 30 September 2023
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 September 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Showbie UK Ltd
Statement of Financial Position
30 September 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
6,624
Current assets
Debtors
6
416,480
405,896
Cash at bank and in hand
101,122
114,864
---------
---------
517,602
520,760
Creditors: amounts falling due within one year
7
710,352
600,181
---------
---------
Net current liabilities
192,750
79,421
---------
--------
Total assets less current liabilities
( 192,750)
( 72,797)
Creditors: amounts falling due after more than one year
8
1,441,014
1,387,308
------------
------------
Net liabilities
( 1,633,764)
( 1,460,105)
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 1,633,864)
( 1,460,205)
------------
------------
Shareholders deficit
( 1,633,764)
( 1,460,105)
------------
------------
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 comprehensive income has not been delivered.
For the year ending 30 September 2023 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 .
Showbie UK Ltd
Statement of Financial Position (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
C Bramm
Director
Company registration number: 12969486
Showbie UK Ltd
Notes to the Financial Statements
Year ended 30 September 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 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
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 .
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements. The parent company shall continue to support the company for debts incurred by the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred 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 .
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2022: 17 ).
5. Tangible assets
Equipment
£
Cost
At 1 October 2022
9,233
Disposals
( 9,233)
-------
At 30 September 2023
-------
Depreciation
At 1 October 2022
2,609
Charge for the year
3,078
Disposals
( 5,687)
-------
At 30 September 2023
-------
Carrying amount
At 30 September 2023
-------
At 30 September 2022
6,624
-------
6. Debtors
2023
2022
£
£
Trade debtors
408,213
380,767
Other debtors
8,267
25,129
---------
---------
416,480
405,896
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
18,858
2,025
Social security and other taxes
82,840
78,898
Other creditors
608,654
519,258
---------
---------
710,352
600,181
---------
---------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,441,014
1,387,308
------------
------------
9. Controlling party
The immediate parent company and ultimate controlling party is Showbie Inc. by virtue of owning the entire issued share capital of the company .