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REGISTERED NUMBER: 11229729 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Need4Screed Limited

Need4Screed Limited (Registered number: 11229729)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Need4Screed Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: B L O'Dunne
B G O'Dunne





REGISTERED OFFICE: 86 Heathcote Road
Stoke on Trent
Staffordshire
ST3 2NE





REGISTERED NUMBER: 11229729 (England and Wales)





ACCOUNTANTS: Gilligans Limited
Unit 4 Lymedale Business Centre
Hooters Hall Road
Lymedale Business Park
Newcastle under Lyme
Staffordshire
ST5 9QF

Need4Screed Limited (Registered number: 11229729)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,710 3,588

CURRENT ASSETS
Debtors 5 18,770 25,781
Cash at bank and in hand 11,959 21,973
30,729 47,754
CREDITORS
Amounts falling due within one year 6 23,013 19,599
NET CURRENT ASSETS 7,716 28,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,426

31,743

CREDITORS
Amounts falling due after more than one year 7 18,395 28,444
NET (LIABILITIES)/ASSETS (7,969 ) 3,299

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,971 ) 3,297
(7,969 ) 3,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Need4Screed Limited (Registered number: 11229729)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:





B G O'Dunne - Director


Need4Screed Limited (Registered number: 11229729)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Need4Screed 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 2 (2023 - 2 ) .

Need4Screed Limited (Registered number: 11229729)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 1,170 9,451 10,621
DEPRECIATION
At 1 March 2023 787 6,246 7,033
Charge for year 77 801 878
At 29 February 2024 864 7,047 7,911
NET BOOK VALUE
At 29 February 2024 306 2,404 2,710
At 28 February 2023 383 3,205 3,588

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 8,825 18,956
Other debtors 9,945 6,825
18,770 25,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,050 9,883
Trade creditors 7,353 4,363
Taxation and social security 3,564 2,211
Other creditors 2,046 3,142
23,013 19,599

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 18,395 28,444