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No description of principal activity
2023-06-15
Sage Accounts Production Advanced 2023 - FRS102_2023
1,250
1,250
1,250
xbrli:pure
xbrli:shares
iso4217:GBP
14938053
2023-06-15
2024-11-30
14938053
2024-11-30
14938053
2023-06-14
14938053
core:NetGoodwill
2023-06-15
2024-11-30
14938053
bus:Director1
2023-06-15
2024-11-30
14938053
bus:Director2
2023-06-15
2024-11-30
14938053
core:NetGoodwill
2024-11-30
14938053
core:PlantMachinery
2024-11-30
14938053
core:PlantMachinery
2023-06-15
2024-11-30
14938053
core:WithinOneYear
2024-11-30
14938053
core:AfterOneYear
2024-11-30
14938053
core:ShareCapital
2024-11-30
14938053
core:RetainedEarningsAccumulatedLosses
2024-11-30
14938053
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2024-11-30
14938053
core:CostValuation
core:Non-currentFinancialInstruments
2024-11-30
14938053
core:Non-currentFinancialInstruments
2024-11-30
14938053
bus:SmallEntities
2023-06-15
2024-11-30
14938053
bus:AuditExempt-NoAccountantsReport
2023-06-15
2024-11-30
14938053
bus:SmallCompaniesRegimeForAccounts
2023-06-15
2024-11-30
14938053
bus:PrivateLimitedCompanyLtd
2023-06-15
2024-11-30
14938053
bus:FullAccounts
2023-06-15
2024-11-30
14938053
core:LicencesFranchises
2023-06-15
2024-11-30
14938053
core:LicencesFranchises
2024-11-30
14938053
core:ComputerEquipment
2023-06-15
2024-11-30
14938053
core:ComputerEquipment
2024-11-30
14938053
core:Goodwill
2023-06-15
2024-11-30
COMPANY REGISTRATION NUMBER:
14938053
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 November 2024
Fixed assets
Intangible assets |
5 |
38,713 |
Tangible assets |
6 |
782,634 |
Investments |
7 |
1,250 |
|
--------- |
|
822,597 |
|
|
|
Current assets
Stocks |
54,420 |
Debtors |
8 |
13,857 |
Cash at bank and in hand |
678,854 |
|
--------- |
|
747,131 |
|
|
|
Creditors: amounts falling due within one year |
9 |
643,992 |
|
--------- |
Net current assets |
103,139 |
|
--------- |
Total assets less current liabilities |
925,736 |
|
|
|
Creditors: amounts falling due after more than one year |
10 |
495,205 |
|
--------- |
Net assets |
430,531 |
|
--------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
Profit and loss account |
430,431 |
|
--------- |
Shareholders funds |
430,531 |
|
--------- |
|
|
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 comprehensive income has not been delivered.
For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
30 November 2024
These financial statements were approved by the
board of directors
and authorised for issue on
7 January 2025
, and are signed on behalf of the board by:
Mrs S Subramaniam |
Mr D Ramalingam |
Director |
Director |
|
|
Company registration number:
14938053
Notes to the Financial Statements |
|
Period from 15 June 2023 to 30 November 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 C/O The Accounting Centre Limited, 736, High Road, North Finchley, London, N12 9QD, UK.
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.
Revenue recognition
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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
Over 20 years |
|
Franchise Fees |
- |
Over 20 years |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:
|
Plant and machinery |
- |
Over 7 years |
|
Equipment |
- |
Over 4 years |
|
|
|
|
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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. Amounts not paid are shown as a creditor on the balance sheet. The assets of the scheme are held separately from the company in independently administered funds.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
122
.
5.
Intangible assets
|
Goodwill |
Franchise Fees |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
Additions |
8,875 |
30,000 |
38,875 |
|
------- |
-------- |
-------- |
At 30 November 2024 |
8,875 |
30,000 |
38,875 |
|
------- |
-------- |
-------- |
Amortisation |
|
|
|
Charge for the period |
37 |
125 |
162 |
|
------- |
-------- |
-------- |
At 30 November 2024 |
37 |
125 |
162 |
|
------- |
-------- |
-------- |
Carrying amount |
|
|
|
At 30 November 2024 |
8,838 |
29,875 |
38,713 |
|
------- |
-------- |
-------- |
|
|
|
|
6.
Tangible assets
|
Plant and machinery |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 15 June 2023 |
– |
– |
– |
Additions |
789,331 |
3,569 |
792,900 |
|
--------- |
------- |
--------- |
At 30 November 2024 |
789,331 |
3,569 |
792,900 |
|
--------- |
------- |
--------- |
Depreciation |
|
|
|
At 15 June 2023 |
– |
– |
– |
Charge for the period |
9,448 |
818 |
10,266 |
|
--------- |
------- |
--------- |
At 30 November 2024 |
9,448 |
818 |
10,266 |
|
--------- |
------- |
--------- |
Carrying amount |
|
|
|
At 30 November 2024 |
779,883 |
2,751 |
782,634 |
|
--------- |
------- |
--------- |
|
|
|
|
7.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 15 June 2023 |
– |
Additions |
1,250 |
|
------- |
At 30 November 2024 |
1,250 |
|
------- |
Impairment |
|
At 15 June 2023 and 30 November 2024 |
– |
|
------- |
|
|
Carrying amount |
|
At 30 November 2024 |
1,250 |
|
------- |
|
|
8.
Debtors
|
30 Nov 24 |
|
£ |
Other debtors |
13,857 |
|
-------- |
|
|
9.
Creditors:
amounts falling due within one year
|
30 Nov 24 |
|
£ |
Bank loans and overdrafts |
109,094 |
Trade creditors |
116,490 |
Social security and other taxes |
42,742 |
Other creditors |
375,666 |
|
--------- |
|
643,992 |
|
--------- |
|
|
10.
Creditors:
amounts falling due after more than one year
|
30 Nov 24 |
|
£ |
Bank loans and overdrafts |
495,205 |
|
--------- |
|
|
11.
Directors' advances, credits and guarantees
The company owed £149,900 to its directors at the end of the reporting period.