for the Period Ended 31 March 2024
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 12 |
for the Period Ended 31 March 2024
Director: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 March 2024
Principal Activities
Political and charitable donations
Company policy on the employment of disabled persons
Directors
The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 March 2024
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Turnover |
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Cost of sales |
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Gross Profit or (Loss) |
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Distribution Costs |
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Administrative Expenses |
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Operating Profit or (Loss) |
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Interest Payable and Similar Charges |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
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Fixed assets | |||
Total fixed assets: | - | - | |
Current assets | |||
Stocks: |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 7 |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 March 2024
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Turnover policy
i. Turnover is measured at the fair value of the consideration received or receivable net of discounts and value added taxes.
Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
b. Sale of goods
i. Turnover from sale of goods is recognised when the significant risks and rewards of ownership of goods has transferred to the buyer. This is usually at the point that the customer has signed for delivery of goods.
c. Rendering services
i. Turnover from rendering of services is recognised by reference to the stage of completion of the contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenseswhenthe outcome of a contract cannot be estimated.
Tangible fixed assets depreciation policy
Tangible fixes assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1. Fixtures and Fittings 25% on WDV
Intangible fixed assets amortisation policy
i. Income tax expense represents the sum of the tax currently payable and deferred tax.
ii. The tax currently payable is based on taxable profit of the year. Taxable profit differs from profit as reported in the statement of comprehensive income because items of income or expenses that are taxable or deductible in other year items that never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
iii.Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that is probable that taxable profit will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
iv. Deferred tax assetsand liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based ontax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
v. Current or deferred tax for the year is recognised in profit or loss,except when they are related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised inother comprehensive income or directly in equity respectively.
for the Period Ended 31 March 2024
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Average number of employees during the period |
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for the Period Ended 31 March 2024
for the Period Ended 31 March 2024
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Dividends paid |
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for the Period Ended 31 March 2024
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Trade debtors |
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Total |
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for the Period Ended 31 March 2024
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Taxation and social security |
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Other creditors |
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Total |
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for the Period Ended 31 March 2024
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Bank loans and overdrafts |
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Total |
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