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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
Page
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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
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Likely Story Ltd Statement of financial position as at 31 March 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
22,500 
36,000 
Tangible assets
- 
641 
22,500 
36,641 
Current assets
Debtors
- 
308 
Cash at bank and in hand
18,236 
19,498 
18,236 
19,806 
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)
Capital and reserves
Called up share capital
2 
2 
Share premium
168,023 
- 
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
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Likely Story Ltd Notes to the Accounts for the period from 1 October 2022 to 31 March 2024
1
Statutory information
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.
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 period, 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:
Computer equipment
25% reducing balance
Intangible fixed assets
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.
Going concern
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.
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Likely Story Ltd Notes to the Accounts for the period from 1 October 2022 to 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 October 2022
45,000 
At 31 March 2024
45,000 
Amortisation
At 1 October 2022
9,000 
Charge for the period
13,500 
At 31 March 2024
22,500 
Net book value
At 31 March 2024
22,500 
At 30 September 2022
36,000 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
5,675 
At 31 March 2024
5,675 
Depreciation
At 1 October 2022
5,034 
Charge for the period
641 
At 31 March 2024
5,675 
Net book value
At 31 March 2024
- 
At 30 September 2022
641 
6
Debtors
2024 
2022 
£ 
£ 
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 
Accruals
960 
4,278 
19,048 
72,278 
8
Creditors: amounts falling due after more than one year
2024 
2022 
£ 
£ 
Loans from directors
- 
168,023 
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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).
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