IRIS Accounts Production v24.3.2.46 06878707 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068787072023-04-30068787072024-04-30068787072023-05-012024-04-30068787072022-04-30068787072022-05-012023-04-30068787072023-04-3006878707ns15:EnglandWales2023-05-012024-04-3006878707ns14:PoundSterling2023-05-012024-04-3006878707ns10:Director12023-05-012024-04-3006878707ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006878707ns10:SmallEntities2023-05-012024-04-3006878707ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006878707ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006878707ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006878707ns10:FullAccounts2023-05-012024-04-3006878707ns10:OrdinaryShareClass12023-05-012024-04-3006878707ns10:RegisteredOffice2023-05-012024-04-3006878707ns5:CurrentFinancialInstruments2024-04-3006878707ns5:CurrentFinancialInstruments2023-04-3006878707ns5:ShareCapital2024-04-3006878707ns5:ShareCapital2023-04-3006878707ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3006878707ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3006878707ns5:RetainedEarningsAccumulatedLosses2024-04-3006878707ns5:RetainedEarningsAccumulatedLosses2023-04-3006878707ns5:ComputerEquipment2023-05-012024-04-3006878707ns5:MotorVehicles2023-04-3006878707ns5:ComputerEquipment2023-04-3006878707ns5:MotorVehicles2023-05-012024-04-3006878707ns5:MotorVehicles2024-04-3006878707ns5:ComputerEquipment2024-04-3006878707ns5:MotorVehicles2023-04-3006878707ns5:ComputerEquipment2023-04-3006878707ns5:CostValuation2023-04-3006878707ns5:RevaluationsIncreaseDecreaseInInvestments2024-04-3006878707ns5:CostValuation2024-04-3006878707ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3006878707ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3006878707ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 06878707 (England and Wales)













REFRESH NOW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






REFRESH NOW LIMITED (REGISTERED NUMBER: 06878707)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


REFRESH NOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mr S P Hanlon





REGISTERED OFFICE: 7 Caenewydd Close
Culverhouse Cross
Cardiff
CF5 4TS





REGISTERED NUMBER: 06878707 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

REFRESH NOW LIMITED (REGISTERED NUMBER: 06878707)

STATEMENT OF FINANCIAL POSITION
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,284 3,086
Investments 5 659,532 500,000
697,816 503,086

CURRENT ASSETS
Debtors 6 16,621 70,970
Cash at bank 574,669 427,601
591,290 498,571
CREDITORS
Amounts falling due within one year 7 148,511 22,727
NET CURRENT ASSETS 442,779 475,844
TOTAL ASSETS LESS CURRENT LIABILITIES 1,140,595 978,930

PROVISIONS FOR LIABILITIES 39,819 -
NET ASSETS 1,100,776 978,930

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 9 119,649 -
Retained earnings 980,127 977,930
SHAREHOLDERS' FUNDS 1,100,776 978,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

REFRESH NOW LIMITED (REGISTERED NUMBER: 06878707)

STATEMENT OF FINANCIAL POSITION - continued
30TH APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th January 2025 and were signed by:





Mr S P Hanlon - Director


REFRESH NOW LIMITED (REGISTERED NUMBER: 06878707)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Refresh Now Limited 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st May 2023 - 21,543 21,543
Additions 47,000 959 47,959
At 30th April 2024 47,000 22,502 69,502
DEPRECIATION
At 1st May 2023 - 18,457 18,457
Charge for year 11,750 1,011 12,761
At 30th April 2024 11,750 19,468 31,218
NET BOOK VALUE
At 30th April 2024 35,250 3,034 38,284
At 30th April 2023 - 3,086 3,086

REFRESH NOW LIMITED (REGISTERED NUMBER: 06878707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st May 2023 500,000
Revaluations 159,532
At 30th April 2024 659,532
NET BOOK VALUE
At 30th April 2024 659,532
At 30th April 2023 500,000

Cost or valuation at 30th April 2024 is represented by:

Other
investments
£   
Valuation in 2023 159,532
Cost 500,000
659,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,621 70,970

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 47,704 16,795
Other creditors 100,807 5,932
148,511 22,727

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

REFRESH NOW LIMITED (REGISTERED NUMBER: 06878707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


9. RESERVES
Fair
value
reserve
£   
Revaluation in the year 119,649

At 30th April 2024 119,649

10. RELATED PARTY DISCLOSURES

The amounts outstanding from the directors were repaid in full within 9 months of the year end date.