2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 10,149 849 10,998 8,394 1,160 9,554 1,444 1,755 xbrli:pure xbrli:shares iso4217:GBP 05821501 2023-04-01 2024-03-31 05821501 2024-03-31 05821501 2023-03-31 05821501 2022-04-01 2023-03-31 05821501 2023-03-31 05821501 2022-03-31 05821501 bus:Director1 2023-04-01 2024-03-31 05821501 bus:Director2 2023-04-01 2024-03-31 05821501 core:WithinOneYear 2024-03-31 05821501 core:WithinOneYear 2023-03-31 05821501 core:ShareCapital 2024-03-31 05821501 core:ShareCapital 2023-03-31 05821501 core:RetainedEarningsAccumulatedLosses 2024-03-31 05821501 core:RetainedEarningsAccumulatedLosses 2023-03-31 05821501 bus:SmallEntities 2023-04-01 2024-03-31 05821501 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05821501 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05821501 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05821501 bus:FullAccounts 2023-04-01 2024-03-31 05821501 core:OfficeEquipment 2023-03-31 05821501 core:OfficeEquipment 2023-04-01 2024-03-31 05821501 core:OfficeEquipment 2024-03-31 05821501 core:KeyManagementPersonnel 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 05821501
ANTNIC LIMITED
Filleted Unaudited Financial Statements
31 March 2024
ANTNIC LIMITED
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
ANTNIC LIMITED
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,444
1,755
Current assets
Cash at bank and in hand
12,063
17,310
Creditors: amounts falling due within one year
6
20,648
21,253
--------
--------
Net current liabilities
8,585
3,943
-------
-------
Total assets less current liabilities
( 7,141)
( 2,188)
-------
-------
Net liabilities
( 7,141)
( 2,188)
-------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 7,143)
( 2,190)
-------
-------
Shareholders deficit
( 7,141)
( 2,188)
-------
-------
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 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 November 2024 , and are signed on behalf of the board by:
A J Doggwiler
N L Doggwiler
Director
Director
Company registration number: 05821501
ANTNIC LIMITED
Notes to the Financial Statements
Year ended 31 March 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 75a Clockhouse Lane, Ashford, Middx, TW15 2HA.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the results of the company and the accounts have been prepared as a going concern due to their continued support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
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.
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 or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
3 years 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2023
10,149
10,149
Additions
849
849
--------
--------
At 31 March 2024
10,998
10,998
--------
--------
Depreciation
At 1 April 2023
8,394
8,394
Charge for the year
1,160
1,160
--------
--------
At 31 March 2024
9,554
9,554
--------
--------
Carrying amount
At 31 March 2024
1,444
1,444
--------
--------
At 31 March 2023
1,755
1,755
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
3,545
5,058
Other creditors
17,103
16,195
--------
--------
20,648
21,253
--------
--------
7. Related party transactions
At the year end the company owed the directors £16,517 (2023: £15,663).