Company registration number: 10533939
Unaudited financial statements
for the year ended 31 March 2024
for
Route Thirty Six Ltd
Pages for filing with the Registrar
Company registration number: 10533939
Route Thirty Six Ltd
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 17,546 28,576
17,546 28,576
Current assets
Stocks 39,385 17,366
Debtors 79,441 39,419
Cash at bank and in hand 129,457 111,795
248,283 168,580
Creditors: amounts falling due within
one year
(197,725) (148,424)
Net current assets 50,558 20,156
Total assets less current liabilities 68,104 48,732
Creditors: Amounts falling due after
more than one year
(32,287) (38,144)
Provisions for liabilities (4,386) -
NET ASSETS 31,431 10,588
Capital and reserves
Called up share capital 300 300
Profit and loss account 31,131 10,288
TOTAL EQUITY 31,431 10,588
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10533939
Route Thirty Six Ltd
Balance sheet - continued
as at 31 March 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 1 October 2024 and signed on its behalf by:
Mr J Rossiter, Director
1 October 2024
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Route Thirty Six Ltd
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
The company is registered in England and Wales. Its registered number is 10533939. The company is limited by shares. Its registered office is Red Poll Barn Alcester Road, Wootton Wawen, Henley-In- Arden, B95 6HJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Route Thirty Six Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 7 (2023 - 10).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2023 80,496
Additions 5,793
Disposals (38,274)
At 31 March 2024 48,015
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Route Thirty Six Ltd
Notes to the financial statements - continued
for the year ended 31 March 2024
4 Tangible fixed assets - continued
Depreciation
At 1 April 2023 51,920
Charge for year 4,916
Eliminated on disposal (26,367)
At 31 March 2024 30,469
Net book value
At 31 March 2024 17,546
At 31 March 2023 28,576
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