2
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2022-12-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
09309619
2022-12-01
2023-11-30
09309619
2023-11-30
09309619
2022-11-30
09309619
2021-12-01
2022-11-30
09309619
2022-11-30
09309619
2021-11-30
09309619
core:PlantMachinery
2022-12-01
2023-11-30
09309619
bus:RegisteredOffice
2022-12-01
2023-11-30
09309619
bus:LeadAgentIfApplicable
2022-12-01
2023-11-30
09309619
bus:Director1
2022-12-01
2023-11-30
09309619
bus:Director2
2022-12-01
2023-11-30
09309619
core:PlantMachinery
2022-11-30
09309619
core:PlantMachinery
2023-11-30
09309619
core:WithinOneYear
2023-11-30
09309619
core:WithinOneYear
2022-11-30
09309619
core:ShareCapital
2023-11-30
09309619
core:ShareCapital
2022-11-30
09309619
core:CapitalRedemptionReserve
2023-11-30
09309619
core:CapitalRedemptionReserve
2022-11-30
09309619
core:RetainedEarningsAccumulatedLosses
2022-11-30
09309619
core:PlantMachinery
2022-11-30
09309619
bus:SmallEntities
2022-12-01
2023-11-30
09309619
bus:AuditExemptWithAccountantsReport
2022-12-01
2023-11-30
09309619
bus:SmallCompaniesRegimeForAccounts
2022-12-01
2023-11-30
09309619
bus:PrivateLimitedCompanyLtd
2022-12-01
2023-11-30
09309619
bus:FullAccounts
2022-12-01
2023-11-30
09309619
core:FurnitureFittingsToolsEquipment
2022-12-01
2023-11-30
09309619
core:ComputerEquipment
2022-11-30
09309619
core:ComputerEquipment
2022-12-01
2023-11-30
09309619
core:ComputerEquipment
2023-11-30
COMPANY REGISTRATION NUMBER:
09309619
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
YEAR ENDED 30 NOVEMBER 2023
Officers and professional advisers |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
OFFICERS AND PROFESSIONAL ADVISERS |
|
The board of directors |
J G Bishop |
|
S A Bishop |
|
|
Registered office |
168 Church Road |
|
Hove |
|
BN3 2DL |
|
|
Accountants |
UHY Hacker Young |
|
Chartered Accountants |
|
168 Church Road |
|
Hove |
|
BN3 2DL |
|
|
STATEMENT OF FINANCIAL POSITION |
|
30 November 2023
Fixed assets
Tangible assets |
5 |
|
15,043 |
16,703 |
|
|
|
|
|
Current assets
Debtors |
6 |
53,699 |
|
33,683 |
Cash at bank and in hand |
26,009 |
|
20,199 |
|
--------- |
|
--------- |
|
79,708 |
|
53,882 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
94,041 |
|
68,030 |
|
--------- |
|
--------- |
Net current liabilities |
|
14,333 |
14,148 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
710 |
2,555 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
609 |
355 |
|
|
---- |
------- |
Net assets |
|
101 |
2,200 |
|
|
---- |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
52 |
51 |
Capital redemption reserve |
|
49 |
49 |
Profit and loss account |
|
– |
2,100 |
|
|
---- |
------- |
Shareholders funds |
|
101 |
2,200 |
|
|
---- |
------- |
|
|
|
|
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 comprehensive income has not been delivered.
For the year ending 30 November 2023 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
.
STATEMENT OF FINANCIAL POSITION (continued) |
|
30 November 2023
These financial statements were approved by the
board of directors
and authorised for issue on
28 November 2024
, and are signed on behalf of the board by:
Company registration number:
09309619
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 30 NOVEMBER 2023
1.
General information
The company is a private limited by shares, registered in England and Wales. The address of the registered office is 168 Church Road, Hove, England, BN3 2DL.
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 financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's director.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The director believes that it is appropriate for the financial statements to be prepared on the going concern basis.
The director consider that the uncertainty caused in the company's industry as a result of Coronavirus and the restrictions put in place by the government should not materially affect the company's ability to continue as a going concern.
The company may take advantage of the support packages offered by the government, as appropriate and will continue to review and monitor costs as the situation develops.
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. No significant judgements have had to be made by the directors in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
|
Home office |
- |
15% reducing balance |
|
Fixtures, fittings and 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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
(2022:
2
).
5.
Tangible assets
|
Plant and machinery |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 December 2022 |
17,449 |
11,195 |
28,644 |
Additions |
– |
1,378 |
1,378 |
|
--------- |
--------- |
--------- |
At 30 November 2023 |
17,449 |
12,573 |
30,022 |
|
--------- |
--------- |
--------- |
Depreciation |
|
|
|
At 1 December 2022 |
2,617 |
9,324 |
11,941 |
Charge for the year |
2,225 |
813 |
3,038 |
|
--------- |
--------- |
--------- |
At 30 November 2023 |
4,842 |
10,137 |
14,979 |
|
--------- |
--------- |
--------- |
Carrying amount |
|
|
|
At 30 November 2023 |
12,607 |
2,436 |
15,043 |
|
--------- |
--------- |
--------- |
At 30 November 2022 |
14,832 |
1,871 |
16,703 |
|
--------- |
--------- |
--------- |
|
|
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
30 |
3,729 |
Other debtors |
53,669 |
29,954 |
|
--------- |
--------- |
|
53,699 |
33,683 |
|
--------- |
--------- |
|
|
|
Other debtors include £49,852 (2022 : £26,020) recoverable due to dividends being paid in excess of the legally distributable reserves of the company.
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
71,108 |
49,600 |
Corporation tax |
18,837 |
13,355 |
Social security and other taxes |
140 |
2,343 |
Other creditors |
3,956 |
2,732 |
|
--------- |
--------- |
|
94,041 |
68,030 |
|
--------- |
--------- |
|
|
|
8.
Directors' advances, credits and guarantees
At 30 November 2023 the company owed the director £1,331 (2022: £1,007).