2
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No description of principal activity
2023-05-01
Sage Accounts Production Advanced 2024 - FRS102_2024
7,663
583
8,246
3,602
1,121
4,723
3,523
4,061
xbrli:pure
xbrli:shares
iso4217:GBP
10724233
2023-05-01
2024-04-30
10724233
2024-04-30
10724233
2023-04-30
10724233
2022-05-01
2023-04-30
10724233
2023-04-30
10724233
2022-04-30
10724233
bus:Director1
2023-05-01
2024-04-30
10724233
core:WithinOneYear
2024-04-30
10724233
core:WithinOneYear
2023-04-30
10724233
core:ShareCapital
2024-04-30
10724233
core:ShareCapital
2023-04-30
10724233
core:RetainedEarningsAccumulatedLosses
2024-04-30
10724233
core:RetainedEarningsAccumulatedLosses
2023-04-30
10724233
bus:SmallEntities
2023-05-01
2024-04-30
10724233
bus:AuditExemptWithAccountantsReport
2023-05-01
2024-04-30
10724233
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
10724233
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
10724233
bus:FullAccounts
2023-05-01
2024-04-30
10724233
core:OfficeEquipment
2023-05-01
2024-04-30
10724233
core:OfficeEquipment
2023-04-30
10724233
core:OfficeEquipment
2024-04-30
10724233
bus:Director1
1
2023-05-01
2024-04-30
10724233
core:KeyManagementPersonnel
2023-05-01
2024-04-30
COMPANY REGISTRATION NUMBER:
10724233
Filleted Unaudited Financial Statements |
|
Year ended 30 April 2024
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Statement of Financial Position |
|
30 April 2024
Fixed assets
Tangible assets |
5 |
3,523 |
4,061 |
|
|
|
|
Current assets
Debtors |
6 |
41,112 |
45,183 |
Cash at bank and in hand |
147,389 |
143,176 |
|
--------- |
--------- |
|
188,501 |
188,359 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
43,374 |
45,001 |
|
--------- |
--------- |
Net current assets |
145,127 |
143,358 |
|
--------- |
--------- |
Total assets less current liabilities |
148,650 |
147,419 |
|
|
|
|
Provisions |
881 |
1,015 |
|
--------- |
--------- |
Net assets |
147,769 |
146,404 |
|
--------- |
--------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
147,669 |
146,304 |
|
--------- |
--------- |
Shareholders funds |
147,769 |
146,404 |
|
--------- |
--------- |
|
|
|
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 30 April 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 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
30 April 2024
These financial statements were approved by the
board of directors
and authorised for issue on
22 November 2024
, and are signed on behalf of the board by:
Company registration number:
10724233
Notes to the Financial Statements |
|
Year ended 30 April 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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
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.
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 services rendered, stated net of discounts and of Value Added Tax.
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. 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.
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 or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% reducing balance |
|
|
|
|
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.
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.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
3
).
5.
Tangible assets
|
Equipment |
|
£ |
Cost |
|
At 1 May 2023 |
7,663 |
Additions |
583 |
|
------- |
At 30 April 2024 |
8,246 |
|
------- |
Depreciation |
|
At 1 May 2023 |
3,602 |
Charge for the year |
1,121 |
|
------- |
At 30 April 2024 |
4,723 |
|
------- |
Carrying amount |
|
At 30 April 2024 |
3,523 |
|
------- |
At 30 April 2023 |
4,061 |
|
------- |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
35,404 |
35,957 |
Other debtors |
5,708 |
9,226 |
|
-------- |
-------- |
|
41,112 |
45,183 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
375 |
340 |
Corporation tax |
37,006 |
25,018 |
Social security and other taxes |
1,410 |
2,253 |
Other creditors |
4,583 |
17,390 |
|
-------- |
-------- |
|
43,374 |
45,001 |
|
-------- |
-------- |
|
|
|
8.
Director's advances, credits and guarantees
During the year, the director was advanced £6,249 (2023: £Nil) and subsequently repaid the loan in full. No interest was charged on this loan.
9.
Related party transactions
At the year end the company owed a director £2,686 (2023: £14,341).