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No description of principal activity
2023-07-01
Sage Accounts Production Advanced 2024 - FRS102_2024
1,437
1,437
80
80
1,357
269,442
13,276
282,718
282,718
269,442
xbrli:pure
xbrli:shares
iso4217:GBP
13480259
2023-07-01
2024-06-30
13480259
2024-06-30
13480259
2023-06-30
13480259
2022-07-01
2023-06-30
13480259
2023-06-30
13480259
2022-06-30
13480259
core:FurnitureFittings
2023-07-01
2024-06-30
13480259
bus:OrdinaryShareClass1
2023-07-01
2024-06-30
13480259
bus:Director1
2023-07-01
2024-06-30
13480259
core:FurnitureFittings
2024-06-30
13480259
core:WithinOneYear
2024-06-30
13480259
core:WithinOneYear
2023-06-30
13480259
core:ShareCapital
2024-06-30
13480259
core:ShareCapital
2023-06-30
13480259
core:RetainedEarningsAccumulatedLosses
2024-06-30
13480259
core:RetainedEarningsAccumulatedLosses
2023-06-30
13480259
core:CostValuation
core:Non-currentFinancialInstruments
2023-06-30
13480259
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2024-06-30
13480259
core:CostValuation
core:Non-currentFinancialInstruments
2024-06-30
13480259
core:Non-currentFinancialInstruments
2024-06-30
13480259
core:Non-currentFinancialInstruments
2023-06-30
13480259
bus:SmallEntities
2023-07-01
2024-06-30
13480259
bus:AuditExemptWithAccountantsReport
2023-07-01
2024-06-30
13480259
bus:SmallCompaniesRegimeForAccounts
2023-07-01
2024-06-30
13480259
bus:PrivateLimitedCompanyLtd
2023-07-01
2024-06-30
13480259
bus:FullAccounts
2023-07-01
2024-06-30
13480259
bus:OrdinaryShareClass1
2024-06-30
13480259
bus:OrdinaryShareClass1
2023-06-30
COMPANY REGISTRATION NUMBER:
13480259
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 June 2024
Fixed assets
Tangible assets |
5 |
|
1,357 |
– |
Investments |
6 |
|
282,718 |
269,442 |
|
|
-------- |
-------- |
|
|
284,075 |
269,442 |
|
|
|
|
|
Current assets
Cash at bank and in hand |
1,554 |
|
1,502 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
296,310 |
|
277,349 |
|
-------- |
|
-------- |
Net current liabilities |
|
294,756 |
275,847 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
(
10,681) |
(
6,405) |
|
|
------- |
------ |
|
|
|
|
|
Capital and reserves
Called up share capital |
8 |
|
100 |
100 |
Profit and loss account |
|
(
10,781) |
(
6,505) |
|
|
------- |
------ |
Shareholders deficit |
|
(
10,681) |
(
6,405) |
|
|
------- |
------ |
|
|
|
|
|
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 year ending 30 June 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her 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
15 January 2025
, and are signed on behalf of the board by:
Company registration number:
13480259
Notes to the Financial Statements |
|
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, incorporated, registered and trading in England and Wales, with company number
13480259
. The address of the registered office is 5 Deansway, Worcester, WR1 2JG, 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 company and rounded to the nearest £.
Going concern
The continuation of the company's affairs are dependent upon the support of the directors. These accounts have been prepared on a going concern basis which assumes their continued support for the foreseeable future.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the director has had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received for rent.
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:
|
Fixtures and fittings |
- |
20% straight line |
|
|
|
|
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.
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.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
4.
Profit before taxation
The company has trading losses of £10,701 (2023: £6,504) to carry forward as at the balance sheet date.
5.
Tangible assets
|
Fixtures and fittings |
Total |
|
£ |
£ |
Cost |
|
|
At 1 July 2023 |
– |
– |
Additions |
1,437 |
1,437 |
|
------ |
------ |
At 30 June 2024 |
1,437 |
1,437 |
|
------ |
------ |
Depreciation |
|
|
At 1 July 2023 |
– |
– |
Charge for the year |
80 |
80 |
|
------ |
------ |
At 30 June 2024 |
80 |
80 |
|
------ |
------ |
Carrying amount |
|
|
At 30 June 2024 |
1,357 |
1,357 |
|
------ |
------ |
At 30 June 2023 |
– |
– |
|
------ |
------ |
|
|
|
6.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 July 2023 |
269,442 |
Additions |
13,276 |
|
-------- |
At 30 June 2024 |
282,718 |
|
-------- |
Impairment |
|
At 1 July 2023 and 30 June 2024 |
– |
|
-------- |
|
|
Carrying amount |
|
At 30 June 2024 |
282,718 |
|
-------- |
At 30 June 2023 |
269,442 |
|
-------- |
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
296,310 |
277,349 |
|
-------- |
-------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
9.
Director's advances, credits and guarantees
At the reporting date the directors loan account was in credit by £294,455 (2023: £276,329). There is no fixed term for repayment and no interest is charged.