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COURAGE LIMITED

Registered Number
08881437
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

COURAGE LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

MAKUMBI, Maidei

Registered Address

10 Lippitts Hill
Luton
LU2 7YN

Registered Number

08881437 (England and Wales)
COURAGE LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets198396
198396
Current assets
Debtors101,61036,063
Cash at bank and on hand40,271110,003
141,881146,066
Creditors amounts falling due within one year3(162,404)(28,215)
Net current assets (liabilities)(20,523)117,851
Total assets less current liabilities(20,325)118,247
Creditors amounts falling due after one year4(138,598)(31,366)
Net assets(158,923)86,881
Capital and reserves
Profit and loss account(158,923)86,881
Shareholders' funds(158,923)86,881
The financial statements were approved and authorised for issue by the Director on 22 November 2024, and are signed on its behalf by:
MAKUMBI, Maidei
Director
Registered Company No. 08881437
COURAGE LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20242023
Average number of employees during the year6023
3.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables65,510-
Bank borrowings and overdrafts87,60018,921
Taxation and social security9,2949,294
Total162,40428,215
4.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts138,59831,366
Total138,59831,366