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REGISTERED NUMBER: 09186152 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Concept13 Limited

Concept13 Limited (Registered number: 09186152)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Concept13 Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S J Drewett
Mrs J Drewett





REGISTERED OFFICE: 49 Mill Street
Bedford
Bedfordshire
MK40 3EU





REGISTERED NUMBER: 09186152 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Concept13 Limited (Registered number: 09186152)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,269 8,514

CURRENT ASSETS
Stocks 325,626 205,667
Debtors 6 54,527 255,793
Cash at bank and in hand 39,092 29,582
419,245 491,042
CREDITORS
Amounts falling due within one year 7 110,422 221,863
NET CURRENT ASSETS 308,823 269,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,092

277,693

CREDITORS
Amounts falling due after more than one
year

8

(7,500

)

(17,500

)

PROVISIONS FOR LIABILITIES (1,483 ) (1,618 )
NET ASSETS 306,109 258,575

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 100 100
Retained earnings 306,009 258,475
SHAREHOLDERS' FUNDS 306,109 258,575

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

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

The directors acknowledge their 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.

Concept13 Limited (Registered number: 09186152)

Statement of Financial Position - continued
31 August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





S J Drewett - Director


Concept13 Limited (Registered number: 09186152)

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

1. STATUTORY INFORMATION

Concept13 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Concept13 Limited (Registered number: 09186152)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 7,339 11,980 19,319
Additions 1,009 1,291 2,300
Disposals - (2,416 ) (2,416 )
At 31 August 2024 8,348 10,855 19,203
DEPRECIATION
At 1 September 2023 3,272 7,533 10,805
Charge for year 2,675 1,394 4,069
Eliminated on disposal - (1,940 ) (1,940 )
At 31 August 2024 5,947 6,987 12,934
NET BOOK VALUE
At 31 August 2024 2,401 3,868 6,269
At 31 August 2023 4,067 4,447 8,514

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 35,227 236,234
Other debtors 9,385 5,830
Prepayments 9,915 13,729
54,527 255,793

Concept13 Limited (Registered number: 09186152)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 2,803 92,676
Tax 31,069 17,257
VAT 41,677 30,072
Other creditors 24,131 70,852
Directors' current accounts 213 76
Accruals and deferred income 529 930
110,422 221,863

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 9) 7,500 17,500

9. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Bounceback loan 10,000 10,000

Amounts falling due between one and two years:
Bounceback loan - 1-2 years 7,500 10,000

Amounts falling due between two and five years:
Bounceback loan - 2-5 years - 7,500