Company Registration No. 14005611 (England and Wales)
URBAN FRINGE LTD
Unaudited accounts
for the year ended 31 March 2024
URBAN FRINGE LTD
Unaudited accounts
Contents
URBAN FRINGE LTD
Company Information
for the year ended 31 March 2024
Director
Max Anthony Peter Drake
Company Number
14005611 (England and Wales)
Registered Office
36 St. Fagans Street
Cardiff
South Glamorgan
CF11 7LH
Wales
URBAN FRINGE LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
16,119
10,012
Creditors: amounts falling due within one year
(2,468)
(3,001)
Net current assets
17,661
9,021
Called up share capital
10
10
Profit and loss account
17,651
9,011
Shareholders' funds
17,661
9,021
For the year ending 31 March 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 3 December 2024 and were signed on its behalf by
Max Anthony Peter Drake
Director
Company Registration No. 14005611
URBAN FRINGE LTD
Notes to the Accounts
for the year ended 31 March 2024
URBAN FRINGE LTD is a private company, limited by shares, registered in England and Wales, registration number 14005611. The registered office is 36 St. Fagans Street, Cardiff, South Glamorgan, CF11 7LH, Wales.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. .
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.
Amounts falling due within one year
URBAN FRINGE LTD
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,048
2,443
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).