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REGISTERED NUMBER: 10502002 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

No 78 Limited

No 78 Limited (Registered number: 10502002)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


No 78 Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Kerley





REGISTERED OFFICE: 54 St Marys Lane
Upminster
Essex
RM14 2QP





REGISTERED NUMBER: 10502002 (England and Wales)

No 78 Limited (Registered number: 10502002)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,126 9,041

CURRENT ASSETS
Debtors 5 7,442 20,910
Cash at bank and in hand 51,011 72,147
58,453 93,057
CREDITORS
Amounts falling due within one year 6 23,824 30,169
NET CURRENT ASSETS 34,629 62,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,755

71,929

PROVISIONS FOR LIABILITIES 1,217 472
NET ASSETS 51,538 71,457

CAPITAL AND RESERVES
Called up share capital 7 200 100
Retained earnings 51,338 71,357
SHAREHOLDERS' FUNDS 51,538 71,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2024 and were signed by:




D Kerley - Director


No 78 Limited (Registered number: 10502002)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

No 78 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

No 78 Limited (Registered number: 10502002)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 6,667 7,483 14,150
Additions - 12,970 12,970
Disposals - (1,805 ) (1,805 )
At 31 March 2024 6,667 18,648 25,315
DEPRECIATION
At 1 April 2023 108 5,001 5,109
Charge for year 666 2,881 3,547
Eliminated on disposal - (1,467 ) (1,467 )
At 31 March 2024 774 6,415 7,189
NET BOOK VALUE
At 31 March 2024 5,893 12,233 18,126
At 31 March 2023 6,559 2,482 9,041

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,200 20,668
Other debtors 242 242
7,442 20,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 22,174 28,395
Other creditors 1,650 1,774
23,824 30,169

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200 Ordinary £1 200 100

100 Ordinary shares of £1 were issued during the year for cash of £ 100 .

No 78 Limited (Registered number: 10502002)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D Kerley
Balance outstanding at start of year - 744
Amounts advanced - 88,665
Amounts repaid - (89,409 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan is repayable on demand. Interest is charged at approved Revenue rates where applicable.