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REGISTERED NUMBER: 09842470 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

2501 Associates Ltd

2501 Associates Ltd (Registered number: 09842470)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2501 Associates Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: P A Lloyd
M G Lloyd





SECRETARY: P A Lloyd





REGISTERED OFFICE: 1 Wrecclesham Hill
Wrecclesham
Farnham
Surrey
GU10 4JN





REGISTERED NUMBER: 09842470 (England and Wales)





ACCOUNTANTS: Gilroy & Brookes Accountants Limited
Suite 15
The Enterprise Centre
Coxbridge Business Park
Farnham
Surrey
GU10 5EH

2501 Associates Ltd (Registered number: 09842470)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 145

CURRENT ASSETS
Debtors 5 4,862 2,839
Cash at bank 14,201 6,043
19,063 8,882
CREDITORS
Amounts falling due within one year 6 (11,255 ) (8,704 )
NET CURRENT ASSETS 7,808 178
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,808

323

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 7,806 321
SHAREHOLDERS' FUNDS 7,808 323

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

2501 Associates Ltd (Registered number: 09842470)

Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





M G Lloyd - Director


2501 Associates Ltd (Registered number: 09842470)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

2501 Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment -Over 3 years

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

2501 Associates Ltd (Registered number: 09842470)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 1,365
DEPRECIATION
At 1 November 2023 1,220
Charge for year 145
At 31 October 2024 1,365
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,682 2,661
Prepayments and accrued income 180 178
4,862 2,839

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,950 2,078
PAYE/NI liability 13 13
Directors' current accounts 8,207 6,514
Accruals and deferred income 85 99
11,255 8,704

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary share capital A £1 1 1
1 Ordinary share capital B £1 1 1
2 2

8. ULTIMATE CONTROLLING PARTY

The company is under the control of P A Lloyd and M G Lloyd.