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No description of principal activity
2023-05-01
Sage Accounts Production Advanced 2024 - FRS102_2024
xbrli:pure
xbrli:shares
iso4217:GBP
03018400
2023-05-01
2024-04-30
03018400
2024-04-30
03018400
2023-04-30
03018400
2022-05-01
2023-04-30
03018400
2023-04-30
03018400
2022-04-30
03018400
core:PlantMachinery
2023-05-01
2024-04-30
03018400
bus:Director1
2023-05-01
2024-04-30
03018400
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-30
03018400
core:PlantMachinery
2023-04-30
03018400
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-04-30
03018400
core:PlantMachinery
2024-04-30
03018400
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-05-01
2024-04-30
03018400
core:WithinOneYear
2024-04-30
03018400
core:WithinOneYear
2023-04-30
03018400
core:ShareCapital
2024-04-30
03018400
core:ShareCapital
2023-04-30
03018400
core:RetainedEarningsAccumulatedLosses
2024-04-30
03018400
core:RetainedEarningsAccumulatedLosses
2023-04-30
03018400
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-30
03018400
core:PlantMachinery
2023-04-30
03018400
bus:SmallEntities
2023-05-01
2024-04-30
03018400
bus:AuditExemptWithAccountantsReport
2023-05-01
2024-04-30
03018400
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2024-04-30
03018400
bus:PrivateLimitedCompanyLtd
2023-05-01
2024-04-30
03018400
bus:FullAccounts
2023-05-01
2024-04-30
COMPANY REGISTRATION NUMBER:
03018400
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 April 2024
Fixed assets
Tangible assets |
5 |
|
212,011 |
|
196,060 |
|
|
|
|
|
|
Current assets
Stocks |
77,563 |
|
92,224 |
|
Debtors |
6 |
90,543 |
|
91,831 |
|
Cash at bank and in hand |
165,648 |
|
198,135 |
|
|
---------- |
|
---------- |
|
|
333,754 |
|
382,190 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
358,450 |
|
360,620 |
|
|
---------- |
|
---------- |
|
Net current (liabilities)/assets |
|
(
24,696) |
|
21,570 |
|
|
---------- |
|
---------- |
Total assets less current liabilities |
|
187,315 |
|
217,630 |
|
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
12,708 |
|
12,708 |
|
|
---------- |
|
---------- |
Net assets |
|
174,607 |
|
204,922 |
|
|
---------- |
|
---------- |
|
|
|
|
|
Statement of Financial Position (continued) |
|
30 April 2024
Capital and reserves
Called up share capital |
|
1 |
|
1 |
Profit and loss account |
|
174,606 |
|
204,921 |
|
|
---------- |
|
---------- |
Shareholders funds |
|
174,607 |
|
204,922 |
|
|
---------- |
|
---------- |
|
|
|
|
|
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 April 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 year 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
30 January 2025
, and are signed on behalf of the board by:
Mr C.L. Birdsall |
Director |
|
Company registration number:
03018400
Notes to the Financial Statements |
|
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares. The registered office address is Carlisle Chambers, Carlisle Street, Goole, England, DN14 5DX.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c)
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.
(d)
Current & deferred tax
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
(e)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f)
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 & Machinery |
- |
25% reducing balance |
|
|
|
|
(g)
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.
(h)
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
(i)
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.
(j)
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
(k)
Government grants
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2023:
3
).
5.
Tangible assets
|
Land and buildings |
Plant and machinery |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 May 2023 |
131,433 |
229,007 |
360,440 |
Additions |
25,695 |
31,761 |
57,456 |
Disposals |
– |
(
55,000) |
(
55,000) |
|
---------- |
---------- |
---------- |
At 30 April 2024 |
157,128 |
205,768 |
362,896 |
|
---------- |
---------- |
---------- |
Depreciation |
|
|
|
At 1 May 2023 |
– |
164,380 |
164,380 |
Charge for the year |
– |
18,302 |
18,302 |
Disposals |
– |
(
31,797) |
(
31,797) |
|
---------- |
---------- |
---------- |
At 30 April 2024 |
– |
150,885 |
150,885 |
|
---------- |
---------- |
---------- |
Carrying amount |
|
|
|
At 30 April 2024 |
157,128 |
54,883 |
212,011 |
|
---------- |
---------- |
---------- |
At 30 April 2023 |
131,433 |
64,627 |
196,060 |
|
---------- |
---------- |
---------- |
|
|
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
68,497 |
68,255 |
Other debtors |
22,046 |
23,576 |
|
-------- |
-------- |
|
90,543 |
91,831 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
88,985 |
88,315 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
251,078 |
242,627 |
Corporation tax |
– |
3,296 |
Social security and other taxes |
– |
11,087 |
Other creditors |
18,387 |
15,295 |
|
---------- |
---------- |
|
358,450 |
360,620 |
|
---------- |
---------- |
|
|
|
8.
Related party transactions
The company has taken advantage of the exemptions provided in FRS 102 from reporting transactions between wholly owned members of the group.
9.
Controlling party
The company is a wholly owned subsidiary of
Dewdown Limited
, a company registered in England whose registered office is Carlisle Chambers, Carlisle Street, Goole, DN14 5DX.