2023-04-012024-03-312024-03-31false0388521623 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23 LIMITED

Registered Number
03885216
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

23 LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

CRANE, David, Dr

Company Secretary

ROSS, Louise

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

03885216 (England and Wales)
23 LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets44,378-
Tangible assets526,41733,997
30,79533,997
Current assets
Debtors1,955,3221,693,057
Cash at bank and on hand-289,676
1,955,3221,982,733
Creditors amounts falling due within one year(1,056,995)(1,462,090)
Net current assets (liabilities)898,327520,643
Total assets less current liabilities929,122554,640
Creditors amounts falling due after one year(331,222)(294,444)
Provisions for liabilities(6,604)(6,459)
Net assets591,296253,737
Capital and reserves
Called up share capital11
Profit and loss account591,295253,736
Shareholders' funds591,296253,737
The financial statements were approved and authorised for issue by the Director on 13 November 2024, and are signed on its behalf by:
CRANE, David, Dr
Director
Registered Company No. 03885216
23 LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year96
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Total

£
Cost or valuation
Additions4,607
At 31 March 244,608
Amortisation and impairment
Charge for year229
At 31 March 24229
Net book value
At 31 March 244,378
At 31 March 23-
5.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2376,013
Additions1,645
At 31 March 2477,658
Depreciation and impairment
At 01 April 2342,015
Charge for year9,226
At 31 March 2451,241
Net book value
At 31 March 2426,417
At 31 March 2333,997