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COMPANY REGISTRATION NUMBER: 09939713
Postcomm Ltd
Filleted Unaudited Financial Statements
31 August 2024
Postcomm Ltd
Financial Statements
Period from 1 June 2023 to 31 August 2024
Contents
Page
Report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Postcomm Ltd
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Postcomm Ltd
Period from 1 June 2023 to 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Postcomm Ltd for the period ended 31 August 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants
2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU
14 November 2024
Postcomm Ltd
Statement of Financial Position
31 August 2024
31 Aug 24
31 May 23
Note
£
£
Fixed assets
Investments
4
150,000
150,000
Current assets
Debtors
5
596,032
518,032
Creditors: amounts falling due within one year
6
65,000
67,000
---------
---------
Net current assets
531,032
451,032
---------
---------
Total assets less current liabilities
681,032
601,032
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
681,030
601,030
---------
---------
Shareholder funds
681,032
601,032
---------
---------
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 statement of income and retained earnings has not been delivered.
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
Mr T. Norman
Director
Company registration number: 09939713
Postcomm Ltd
Notes to the Financial Statements
Period from 1 June 2023 to 31 August 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 2 Chesterfield Buildings, Westbourne Place, Clifton, Bristol, BS8 1RU, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in participating interests
£
Cost
At 1 June 2023 and 31 August 2024
150,000
---------
Impairment
At 1 June 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
150,000
---------
At 31 May 2023
150,000
---------
5. Debtors
31 Aug 24
31 May 23
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
596,032
518,032
---------
---------
6. Creditors: amounts falling due within one year
31 Aug 24
31 May 23
£
£
Other creditors
65,000
67,000
--------
--------
7. Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 Aug 24
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr T. Norman
( 67,000)
( 65,000)
67,000
( 65,000)
--------
--------
--------
--------
31 May 23
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr T. Norman
( 67,000)
( 67,000)
----
--------
----
--------