(formerly
Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 October 2023
Director |
Company Secretary | WEBB, Billy |
Registered Address | |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Intangible assets | 3 | |||||||
Tangible assets | 4 | |||||||
Investments | ||||||||
Current assets | ||||||||
Debtors | 5 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 6 | ( | ( | |||||
Net current assets (liabilities) | ( | |||||||
Total assets less current liabilities | ||||||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Share premium | ||||||||
Revaluation reserve | ||||||||
Profit and loss account | ( | |||||||
Shareholders' funds | 8 |
The financial statements were approved and authorised for issue by the Director on 8 February 2025, and are signed on its behalf by: |
Director Registered Company No. 11663507 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Judgements and key sources of estimation uncertainty | |
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In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. |
Turnover policy | |
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Revenue from sale of goods | |
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Employee benefits | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Intangible assets | |
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Cryptocurrency assets | |
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Cryptocurrencies are recognized as intangible assets and initially measured at cost. Where an active market exists, they are subsequently measured using the revaluation model at fair value. Increases in value are recognized in other comprehensive income and accumulated in equity as a revaluation surplus, except to the extent they reverse a revaluation decrease previously recognized in profit or loss, in which case the increase is recognized in profit or loss. Decreases in value are recognized first against any revaluation surplus in equity relating to that asset, with any excess recognized in profit or loss. |
Research and development | |
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Tangible fixed assets and depreciation | |
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Reducing balance (%) | Straight line (years) | |||
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Plant and machinery | ||||
Fixtures and fittings | ||||
Vehicles |
Impairment of non-financial assets policy | |
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Investments | |
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Lease incentives | |
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Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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Share capital | |
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Related parties | |
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2. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
3. | Intangible assets |
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Total | ||
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£ | ||
Cost or valuation | ||
At 01 November 22 | ||
Additions | ||
Revaluations | ( | |
Disposals | ( | |
At 31 October 23 | ||
Net book value | ||
At 31 October 23 | ||
At 31 October 22 |
4. | Tangible fixed assets |
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Total | ||
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£ | ||
Cost or valuation | ||
At 01 November 22 | ||
Additions | ||
At 31 October 23 | ||
Depreciation and impairment | ||
At 01 November 22 | ||
Charge for year | ||
At 31 October 23 | ||
Net book value | ||
At 31 October 23 | ||
At 31 October 22 |
5. | Debtors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Other debtors | ||||
Total |
6. | Creditors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Taxation and social security | ||||
Other creditors | ||||
Total |
7. | Share capital |
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8. | Revaluation reserve |
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The revaluation reserve changed from £407,304 on 1 November 2022 to £0 on 31 October 2023, reflecting a revaluation deficit of £509,745 for the year. Of this deficit, £407,304 was charged against the revaluation surplus in the equity account, while the remaining £102,441, which exceeded the surplus, was charged to the profit and loss account. |
£ | ||
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Reserve at 01 November 22 | ||
Revaluations of other assets | ( |
9. | Related party transactions |
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