Company Registration No. 10191150 (England and Wales)
Undone Ltd
Unaudited accounts
for the year ended 31 March 2024
Undone Ltd
Unaudited accounts
Contents
Undone Ltd
Company Information
for the year ended 31 March 2024
Director
Mr Chavdar Todorov
Company Number
10191150 (England and Wales)
Registered Office
2d Eve Road
London
N17 6YD
Accountants
Emeralds BS Ltd
Diamond House
179-181 Lower Richmond Road
Richmond
London
TW9 4LN
Undone Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
11,809
8,553
Cash at bank and in hand
213,764
171,450
Creditors: amounts falling due within one year
(113,913)
(93,275)
Net current assets
113,199
85,446
Total assets less current liabilities
125,008
93,999
Creditors: amounts falling due after more than one year
(3,875)
(5,250)
Called up share capital
1
1
Profit and loss account
121,132
88,748
Shareholders' funds
121,133
88,749
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2024 and were signed on its behalf by
Mr Chavdar Todorov
Director
Company Registration No. 10191150
Undone Ltd
Notes to the Accounts
for the year ended 31 March 2024
Undone Ltd is a private company, limited by shares, registered in England and Wales, registration number 10191150. The registered office is 2d Eve Road, London, N17 6YD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Motor vehicles
25% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
8,736
2,297
11,033
At 31 March 2024
14,522
2,895
17,417
At 1 April 2023
1,686
794
2,480
Charge for the year
2,610
518
3,128
At 31 March 2024
4,296
1,312
5,608
At 31 March 2024
10,226
1,583
11,809
At 31 March 2023
7,050
1,503
8,553
Undone Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,766
5,871
Trade creditors
40,885
10,557
Taxes and social security
27,994
19,207
Other creditors
16,104
35,769
7
Creditors: amounts falling due after more than one year
2024
2023
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in prof and loss when the fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. Te assets of the plan are held separately from the Company in independently administered funds.
9
Average number of employees
During the year the average number of employees was 6 (2023: 6).