1 false false false false false false false false false false false false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,113 299 259 2,153 1,940 100 86 1,954 199 173 xbrli:pure xbrli:shares iso4217:GBP 09445395 2023-03-01 2024-02-29 09445395 2024-02-29 09445395 2023-02-28 09445395 2022-03-01 2023-02-28 09445395 2023-02-28 09445395 2022-02-28 09445395 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 09445395 bus:Director1 2023-03-01 2024-02-29 09445395 core:WithinOneYear 2024-02-29 09445395 core:WithinOneYear 2023-02-28 09445395 core:ShareCapital 2024-02-29 09445395 core:ShareCapital 2023-02-28 09445395 core:RetainedEarningsAccumulatedLosses 2024-02-29 09445395 core:RetainedEarningsAccumulatedLosses 2023-02-28 09445395 bus:SmallEntities 2023-03-01 2024-02-29 09445395 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09445395 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 09445395 bus:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 09445395 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09445395 bus:FullAccounts 2023-03-01 2024-02-29 09445395 bus:OrdinaryShareClass1 2024-02-29 09445395 bus:OrdinaryShareClass1 2023-02-28 09445395 core:OfficeEquipment 2023-03-01 2024-02-29 09445395 core:OfficeEquipment 2023-02-28 09445395 core:OfficeEquipment 2024-02-29
COMPANY REGISTRATION NUMBER: 09445395
Conprisa Limited
Filleted Unaudited Financial Statements
For the year ended
29 February 2024
Conprisa Limited
Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
199
173
Current assets
Debtors
6
12,243
17,162
Cash at bank and in hand
439,819
403,877
---------
---------
452,062
421,039
Creditors: amounts falling due within one year
7
183,519
185,423
---------
---------
Net current assets
268,543
235,616
---------
---------
Total assets less current liabilities
268,742
235,789
Provisions
Taxation including deferred tax
39
33
---------
---------
Net assets
268,703
235,756
---------
---------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
268,702
235,755
---------
---------
Shareholder funds
268,703
235,756
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Conprisa Limited
Statement of Financial Position (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 11 November 2024 , and are signed on behalf of the board by:
Mr R McLennan
Director
Company registration number: 09445395
Conprisa Limited
Notes to the Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Emporium, Bow Street, Langport, Somerset, TA10 9PQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the supply of services is recognised when the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 March 2023
2,113
2,113
Additions
299
299
Disposals
( 259)
( 259)
-------
-------
At 29 February 2024
2,153
2,153
-------
-------
Depreciation
At 1 March 2023
1,940
1,940
Charge for the year
100
100
Disposals
( 86)
( 86)
-------
-------
At 29 February 2024
1,954
1,954
-------
-------
Carrying amount
At 29 February 2024
199
199
-------
-------
At 28 February 2023
173
173
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
12,036
17,014
Other debtors
207
148
--------
--------
12,243
17,162
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,419
1,825
Corporation tax
10,951
18,025
Social security and other taxes
5,282
4,881
Other creditors
165,867
160,692
---------
---------
183,519
185,423
---------
---------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
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