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REGISTERED NUMBER: 06624783 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Suppose Ltd

Suppose Ltd (Registered number: 06624783)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Suppose Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr D Astbury
Mr M Hirst
Mr T L Holtom





REGISTERED OFFICE: Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW





REGISTERED NUMBER: 06624783 (England and Wales)





ACCOUNTANTS: Francis & Co
Second Floor
123 Promenade
Cheltenham
Gloucestershire
GL50 1NW

Suppose Ltd (Registered number: 06624783)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,500 20,000
Tangible assets 5 486 730
17,986 20,730

CURRENT ASSETS
Debtors 6 10,390 12,918
Cash at bank 9,902 12,654
20,292 25,572
CREDITORS
Amounts falling due within one year 7 30,619 33,057
NET CURRENT LIABILITIES (10,327 ) (7,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,659

13,245

CREDITORS
Amounts falling due after more than one
year

8

8,700

13,050
NET (LIABILITIES)/ASSETS (1,041 ) 195

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings (1,161 ) 75
(1,041 ) 195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Suppose Ltd (Registered number: 06624783)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:




Mr M Hirst - Director Mr D Astbury - Director




Mr T L Holtom - Director


Suppose Ltd (Registered number: 06624783)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Suppose Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 25,000
AMORTISATION
At 1 July 2023 5,000
Charge for year 2,500
At 30 June 2024 7,500
NET BOOK VALUE
At 30 June 2024 17,500
At 30 June 2023 20,000

Suppose Ltd (Registered number: 06624783)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 3,940
DEPRECIATION
At 1 July 2023 3,210
Charge for year 244
At 30 June 2024 3,454
NET BOOK VALUE
At 30 June 2024 486
At 30 June 2023 730

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 1,304
Other debtors 10,390 11,614
10,390 12,918

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,350 4,350
Taxation and social security 9,742 10,617
Other creditors 16,527 18,090
30,619 33,057

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 8,700 13,050