COMPANY REGISTRATION NUMBER:
14591467
Filleted Unaudited Financial Statements |
|
Period from 13 January 2023 to 31 January 2024
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Statement of Financial Position |
|
31 January 2024
Fixed assets
Current assets
Debtors |
6 |
27,875 |
Cash at bank and in hand |
1,803 |
|
-------- |
|
29,678 |
|
|
|
Creditors: amounts falling due within one year |
7 |
26,919 |
|
-------- |
Net current assets |
2,759 |
|
------- |
Total assets less current liabilities |
4,212 |
|
------- |
Net assets |
4,212 |
|
------- |
|
|
|
Capital and reserves
Called up share capital |
2 |
Profit and loss account |
4,210 |
|
------- |
Shareholders funds |
4,212 |
|
------- |
|
|
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 period ending 31 January 2024 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 period 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
.
Statement of Financial Position (continued) |
|
31 January 2024
These financial statements were approved by the
board of directors
and authorised for issue on
27 September 2024
, and are signed on behalf of the board by:
Dr M Kab Omir |
Mr A J Sheppard |
Director |
Director |
|
|
Company registration number:
14591467
Notes to the Financial Statements |
|
Period from 13 January 2023 to 31 January 2024
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, 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.
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.
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 |
- |
25% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Tangible assets
|
Equipment |
|
£ |
Cost |
|
At 13 January 2023 |
– |
Additions |
1,670 |
|
------- |
At 31 January 2024 |
1,670 |
|
------- |
Depreciation |
|
At 13 January 2023 |
– |
Charge for the period |
217 |
|
------- |
At 31 January 2024 |
217 |
|
------- |
Carrying amount |
|
At 31 January 2024 |
1,453 |
|
------- |
|
|
6.
Debtors
|
31 Jan 24 |
|
£ |
Other debtors |
27,875 |
|
-------- |
|
|
7.
Creditors:
amounts falling due within one year
|
31 Jan 24 |
|
£ |
Trade creditors |
127 |
Corporation tax |
23,792 |
Other creditors |
3,000 |
|
-------- |
|
26,919 |
|
-------- |
|
|
8.
Directors' advances, credits and guarantees
During the period a director made advances of £60,000 and made repayments of £46,500. Interest of £438 was charged on the balance and the amount outstanding at the period end was £13,938. During the period a director made advances of £60,000 and made repayments of £46,501. Interest of £438 was charged on the balance and the amount outstanding at the period end was £13,937.