1 March 2023 false No description of principal activity Taxfiler 2024.6.1 11824686business:PrivateLimitedCompanyLtd2023-03-012024-02-29 118246862023-02-28 118246862023-03-012024-02-29 11824686business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 11824686business:FilletedAccounts2023-03-012024-02-29 118246862024-02-29 118246862023-02-28 11824686core:WithinOneYear2024-02-29 11824686core:WithinOneYear2023-02-28 11824686core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 11824686core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11824686core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 11824686core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11824686core:PreviouslyStatedAmount2024-02-29 11824686core:PreviouslyStatedAmount2023-02-28 11824686business:SmallEntities2023-03-012024-02-29 11824686business:Director12023-03-012024-02-29 11824686countries:EnglandWales2023-03-012024-02-29 11824686business:RegisteredOffice2023-03-012024-02-29 11824686core:FurnitureFittings2023-03-012024-02-29 11824686core:FurnitureFittings2023-02-28 11824686core:FurnitureFittings2024-02-29 118246862022-03-012023-02-28 iso4217:GBP xbrli:pure
128 GROUP LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,260 
9,390 
Current assets
Cash at bank and in hand
74,100 
40,145 
Creditors: amounts falling due within one year
(29,386)
(50,171)
Net current assets/(liabilities)
44,714 
(10,026)
Net assets/(liabilities)
50,974 
(636)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
50,973 
(637)
Shareholders' funds
50,974 
(636)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2024 and were signed on its behalf by
Jozsef Csorba Director Company Registration No. 11824686
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128 GROUP LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
128 GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 11824686. The registered office is 94 Bloxwich Road, Walsall, WS2 8BU, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight-Line
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
15,650 
At 29 February 2024
15,650 
Depreciation
At 1 March 2023
6,260 
Charge for the year
3,130 
At 29 February 2024
9,390 
Net book value
At 29 February 2024
6,260 
At 28 February 2023
9,390 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
17,279 
32,607 
Taxes and social security
12,107 
17,564 
29,386 
50,171 
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128 GROUP LTD Notes to the Accounts for the year ended 29 February 2024
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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