for the Period Ended 31 December 2023
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 9 |
for the Period Ended 31 December 2023
Director: |
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Registered office: |
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Company Registration Number: |
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As at
Notes |
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2022 £ |
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Fixed assets | |||
Intangible assets: | 4 |
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Tangible assets: | 5 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 6 |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 7 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 December 2023
Notes |
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2022 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible fixed assets depreciation policy
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class Depreciation method/rate
Plant , machinery and other tangible assets 25% reducing balance
Intangible fixed assets amortisation policy
Asset class Amortisation method/rate
Goodwill 3 years
Valuation information and policy
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location
and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
for the Period Ended 31 December 2023
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2022 |
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Average number of employees during the period |
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These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
[Tax]
The tax expense for the period comprises current and deferred tax. Tax is recognised on profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements at the balance sheet date. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
[Financial instruments-classification]
The company holds the following basic financial instruments: Short term trade and other debtors and creditors; Cash/bank balances.
[Financial Instruments -recognition and measurement]
The company has chosen to apply the recognition and measurement principles in FRS 102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and de-recognised when in the case of assets, the contractual rights to cash flows from assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of cash or other consideration expected to be paid or received, after taking
account of impairment adjustments.
for the Period Ended 31 December 2023
for the Period Ended 31 December 2023
Goodwill | Total | |
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Cost | £ | £ |
At 01 January 2023 |
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Additions | - | - |
Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 December 2023 |
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Amortisation | ||
Amortisation at 01 January 2023 |
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Charge for year | - | - |
On disposals | - | - |
Other adjustments | - | - |
Amortisation at 31 December 2023 |
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Net book value | ||
Net book value at 31 December 2023 |
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Net book value at 31 December 2022 |
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for the Period Ended 31 December 2023
Plant & machinery | Total | |
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Cost | £ | £ |
At 01 January 2023 |
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Additions | - | - |
Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 December 2023 |
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Depreciation | ||
At 01 January 2023 |
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Charge for year |
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On disposals | - | - |
Other adjustments | - | - |
At 31 December 2023 |
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Net book value | ||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
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2022 £ |
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Trade debtors |
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Prepayments and accrued income |
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Total |
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for the Period Ended 31 December 2023
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2022 £ |
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Bank loans and overdrafts |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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