Company Registration No. 08922984 (England and Wales)
8FIFTY4 LTD
Unaudited accounts
for the year ended 31 March 2024
8FIFTY4 LTD
Unaudited accounts
Contents
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
8FIFTY4 LTD
Statement of financial position
as at 31 March 2024
Tangible assets
53,151
76,230
Cash at bank and in hand
125,593
1,078
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)
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
8FIFTY4 LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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.
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
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
At 31 March 2024
51,839
1,312
-
53,151
At 31 March 2023
69,119
1,640
5,471
76,230
8FIFTY4 LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
140
140
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
53,197
59,500
Taxes and social security
20,208
2,471
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).