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Company Registration No. 07140703 (England and Wales)
Urban Natives Limited Unaudited accounts for the year ended 31 January 2024
Urban Natives Limited Unaudited accounts Contents
Page
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Urban Natives Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,039 
15,103 
Current assets
Debtors
8,685 
21,017 
Cash at bank and in hand
2,109 
3,557 
10,794 
24,574 
Creditors: amounts falling due within one year
(18,886)
(13,999)
Net current (liabilities)/assets
(8,092)
10,575 
Total assets less current liabilities
9,947 
25,678 
Creditors: amounts falling due after more than one year
(12,478)
(14,332)
Net (liabilities)/assets
(2,531)
11,346 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(2,631)
11,246 
Shareholders' funds
(2,531)
11,346 
For the year ending 31 January 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 14 October 2024 and were signed on its behalf by
Billie Middleton Director Company Registration No. 07140703
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Urban Natives Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Urban Natives Limited is a private company, limited by shares, registered in England and Wales, registration number 07140703. The registered office is Flat 4, 22 Greencroft Gardens, London, NW6 3LS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
28,785 
Additions
17,281 
Disposals
(19,750)
At 31 January 2024
26,316 
Depreciation
At 1 February 2023
13,682 
Charge for the year
6,013 
On disposals
(11,418)
At 31 January 2024
8,277 
Net book value
At 31 January 2024
18,039 
At 31 January 2023
15,103 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,685 
21,017 
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Urban Natives Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,554 
3,203 
Taxes and social security
10,130 
8,359 
Loans from directors
3,059 
1,294 
Accruals
1,143 
1,143 
18,886 
13,999 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,478 
14,332 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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