Company registration number:
07392312
Cura Accounting Ltd
Unaudited filleted financial statements
31 March 2024
Cura Accounting Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Cura Accounting Ltd
Directors and other information
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Director |
Debbie Garcia |
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Company number |
07392312 |
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Registered office |
8 Longsight Road |
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Ramsbottom |
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Bury |
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BL0 9TD |
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Business address |
8 Longsight Road |
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Ramsbottom |
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Bury |
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BL0 9TD |
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Cura Accounting Ltd
Statement of financial position
31 March 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
36,946 |
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43,183 |
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_______ |
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_______ |
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36,946 |
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43,183 |
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Current assets |
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Debtors |
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6 |
257,920 |
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101,654 |
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Cash at bank and in hand |
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198,309 |
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237,324 |
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_______ |
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_______ |
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456,229 |
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338,978 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
250,056) |
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(
174,041) |
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_______ |
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_______ |
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Net current assets |
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206,173 |
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164,937 |
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_______ |
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_______ |
Total assets less current liabilities |
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243,119 |
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208,120 |
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Creditors: amounts falling due |
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after more than one year |
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8 |
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(
12,239) |
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(
23,688) |
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_______ |
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_______ |
Net assets |
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230,880 |
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184,432 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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7 |
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7 |
Capital redemption reserve |
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7 |
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7 |
Profit and loss account |
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230,866 |
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184,418 |
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_______ |
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_______ |
Shareholders funds |
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230,880 |
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184,432 |
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_______ |
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_______ |
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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.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2024
, and are signed on behalf of the board by:
Debbie Garcia
Director
Company registration number:
07392312
Cura Accounting Ltd
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Longsight Road, Ramsbottom, Bury, BL0 9TD.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
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50 % |
straight line |
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Fittings fixtures and equipment |
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20 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
31
(2023:
29
).
5.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
23,098 |
43,032 |
66,130 |
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Additions |
2,488 |
4,286 |
6,774 |
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_______ |
_______ |
_______ |
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At 31 March 2024 |
25,586 |
47,318 |
72,904 |
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_______ |
_______ |
_______ |
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Depreciation |
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At 1 April 2023 |
17,074 |
5,873 |
22,947 |
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Charge for the year |
6,704 |
6,307 |
13,011 |
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_______ |
_______ |
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At 31 March 2024 |
23,778 |
12,180 |
35,958 |
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_______ |
_______ |
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Carrying amount |
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At 31 March 2024 |
1,808 |
35,138 |
36,946 |
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_______ |
_______ |
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At 31 March 2023 |
6,024 |
37,159 |
43,183 |
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_______ |
_______ |
_______ |
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6.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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53,355 |
48,259 |
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Other debtors |
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204,565 |
53,395 |
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_______ |
_______ |
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257,920 |
101,654 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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10,200 |
8,700 |
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Trade creditors |
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24,233 |
3,720 |
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Social security and other taxes |
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208,851 |
149,275 |
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Other creditors |
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6,772 |
12,346 |
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_______ |
_______ |
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250,056 |
174,041 |
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_______ |
_______ |
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8.
Creditors: amounts falling due after more than one year
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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12,239 |
23,688 |
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_______ |
_______ |
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The bank loan is 100% guaranteed by the UK Government under the Coronavirus Bounce Back Loan Schene (BBL)
9.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company: |
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2024 |
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Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Debbie Garcia |
10,000 |
314,863 |
(
174,000) |
150,863 |
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_______ |
_______ |
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_______ |
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2023 |
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Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Debbie Garcia |
10,000 |
10,000 |
(
10,000) |
10,000 |
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_______ |
_______ |
_______ |
_______ |
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Interest had been charged at the official HMRC rate and the balance cleared within 9 months of the year end.
10.
Related party transactions
During the year the company entered into the following transactions with related parties:
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Transaction value |
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Balance owed by/(owed to) |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Cura Properties Limited |
3,000 |
14,845 |
35,357 |
32,357 |
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_______ |
_______ |
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Included within Debtors is an amount owing from Cura Properties Limited, a company which
Debbie Garcia
is a director and shareholder.