Company Registration No. 05301269 (England and Wales)
Likely Story Ltd
Unaudited accounts
for the period from 1 October 2022 to 31 March 2024
Likely Story Ltd
Unaudited accounts
Contents
Likely Story Ltd
Company Information
for the period from 1 October 2022 to 31 March 2024
Directors
D R C Hood
S Onwurah
Company Number
05301269 (England and Wales)
Registered Office
26d Mount View Road
London
N4 4HX
United Kingdom
Accountants
Austin, Taylor Limited
16 Dover Street
Canterbury
Kent
CT1 3HD
Likely Story Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
22,500
36,000
Cash at bank and in hand
18,236
19,498
Creditors: amounts falling due within one year
(19,048)
(72,278)
Net current liabilities
(812)
(52,472)
Total assets less current liabilities
21,688
(15,831)
Creditors: amounts falling due after more than one year
-
(168,023)
Net assets/(liabilities)
21,688
(183,854)
Called up share capital
2
2
Profit and loss account
(146,337)
(183,856)
Shareholders' funds
21,688
(183,854)
For the period 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 directors acknowledge their 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 of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by
D R C Hood
Director
Company Registration No. 05301269
Likely Story Ltd
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
Likely Story Ltd is a private company, limited by shares, registered in England and Wales, registration number 05301269. The registered office is 26d Mount View Road, , London, N4 4HX, United Kingdom.
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 period, 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:
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Patents and licences are being amortised evenly over their estimated useful life of 5 years.
The financial statements have been prepared on a going concern basis. In the opinion of the directors this is appropriate
because they have undertaken to continue to support the company for the foreseeable future.
The directors' current accounts are interest free and unsecured and the directors have indicated that they will not withdraw
these funds in the forthcoming year.
The directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future and that the company will be able to meet its liabilities as they fall due.
Likely Story Ltd
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
4
Intangible fixed assets
Other
Charge for the period
13,500
At 30 September 2022
36,000
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
-
308
7
Creditors: amounts falling due within one year
2024
2022
Other creditors
18,088
68,000
8
Creditors: amounts falling due after more than one year
2024
2022
Loans from directors
-
168,023
Likely Story Ltd
Notes to the Accounts
for the period from 1 October 2022 to 31 March 2024
9
Average number of employees
During the period the average number of employees was 2 (2022: 2).