1 April 2023 false No description of principal activity Taxfiler 2024.6 08922984business:PrivateLimitedCompanyLtd2023-04-012024-03-31 089229842023-03-31 089229842023-04-012024-03-31 08922984business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 08922984business:FilletedAccounts2023-04-012024-03-31 089229842024-03-31 08922984business:Director12023-04-012024-03-31 08922984business:Director22023-04-012024-03-31 08922984business:Director32023-04-012024-03-31 08922984business:RegisteredOffice2023-04-012024-03-31 089229842023-03-31 08922984core:WithinOneYear2024-03-31 08922984core:WithinOneYear2023-03-31 08922984core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08922984core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08922984core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08922984core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08922984core:PreviouslyStatedAmount2024-03-31 08922984core:PreviouslyStatedAmount2023-03-31 08922984business:SmallEntities2023-04-012024-03-31 08922984countries:EnglandWales2023-04-012024-03-31 08922984core:MotorVehicles2023-04-012024-03-31 08922984core:FurnitureFittings2023-04-012024-03-31 08922984core:ComputerEquipment2023-04-012024-03-31 08922984core:MotorVehicles2023-03-31 08922984core:FurnitureFittings2023-03-31 08922984core:ComputerEquipment2023-03-31 08922984core:MotorVehicles2024-03-31 08922984core:FurnitureFittings2024-03-31 08922984core:ComputerEquipment2024-03-31 089229842022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 08922984 (England and Wales)
8FIFTY4 LTD Unaudited accounts for the year ended 31 March 2024
8FIFTY4 LTD Unaudited accounts Contents
Page
- 2 -
8FIFTY4 LTD Company Information for the year ended 31 March 2024
Directors
Lee McMullen Sarah McMullen Lee McMullen
Company Number
08922984 (England and Wales)
Registered Office
21 GREYWETHERS AVENUE SWINDON SN3 1QG
Accountants
Acumenica Group 4 Earls Court, Grangemouth Grangemouth FK3 8ZE
- 3 -
8FIFTY4 LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,151 
76,230 
Current assets
Inventories
2,500 
2,500 
Debtors
5,188 
76,393 
Cash at bank and in hand
125,593 
1,078 
133,281 
79,971 
Creditors: amounts falling due within one year
(76,817)
(67,698)
Net current assets
56,464 
12,273 
Total assets less current liabilities
109,615 
88,503 
Provisions for liabilities
Deferred tax
(10,098)
(14,484)
Net assets
99,517 
74,019 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
99,417 
73,919 
Shareholders' funds
99,517 
74,019 
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 directors acknowledge their 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 of Directors and authorised for issue on 16 May 2024 and were signed on its behalf by
Lee McMullen Director Company Registration No. 08922984
- 4 -
8FIFTY4 LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
8FIFTY4 LTD is a private company, limited by shares, registered in England and Wales, registration number 08922984. The registered office is 21 GREYWETHERS AVENUE, SWINDON, SN3 1QG.
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
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Motor vehicles
25& Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
4 Years Straight Line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
69,500 
8,034 
11,217 
88,751 
At 31 March 2024
69,500 
8,034 
11,217 
88,751 
Depreciation
At 1 April 2023
381 
6,394 
5,746 
12,521 
Charge for the year
17,280 
328 
5,471 
23,079 
At 31 March 2024
17,661 
6,722 
11,217 
35,600 
Net book value
At 31 March 2024
51,839 
1,312 
- 
53,151 
At 31 March 2023
69,119 
1,640 
5,471 
76,230 
- 5 -
8FIFTY4 LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,048 
3,623 
Accrued income and prepayments
140 
140 
Other debtors
- 
72,630 
5,188 
76,393 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,412 
5,037 
Obligations under finance leases and hire purchase contracts
53,197 
59,500 
Taxes and social security
20,208 
2,471 
Accruals
- 
690 
76,817 
67,698 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -