for the Period Ended 31 March 2024
Company Information - 3 | |
Balance sheet - 4 | |
Additional notes - 6 | |
Balance sheet notes - 9 |
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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As at
Notes |
2024 £ |
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Fixed assets | ||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | ||
Stocks: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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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
Notes |
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
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Tangible fixed assets are initially measured at cost, which includes the purchase price and directly attributable costs necessary to bring the asset into use.
Subsequent Measurement:
Tangible fixed assets are subsequently carried at cost less accumulated depreciation and any impairment losses. The company does not apply fair value revaluation and measures assets under the historical cost convention in accordance with FRS 102 Section 17.
Depreciation:
Depreciation is charged to the profit and loss account on a straight-line basis over the estimated useful life of each asset to allocate cost systematically. The depreciation rates and methods applied are:
Asset Class Estimated Useful Life Depreciation Method
Office Equipment 3 years Straight-line (33.33% per annum)
Residual Value Nil
Depreciation begins when the asset is available for use and continues until the earlier of disposal or full depreciation. The depreciation method and useful life are reviewed annually and adjusted if expectations differ significantly from previous estimates.
Valuation information and policy
Finished goods are stated at the lower of cost and net realisable value.
Cost includes raw materials, direct labour, and an appropriate proportion of production overheads incurred in bringing the goods to their current condition and location. Overheads are allocated based on normal levels of production activity.
Net realisable value is the estimated selling price in the ordinary course of business, less applicable costs of completion, marketing, and distribution.
At each reporting date, the company assesses the carrying value of finished goods for impairment. Where the net realisable value is lower than cost, a write-down is recognised in the profit and loss account. If circumstances leading to a previous write-down improve, the write-down may be reversed up to the original cost.
for the Period Ended 31 March 2024
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
Office equipment | Total | |
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Cost | £ | £ |
Additions |
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Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 March 2024 |
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Depreciation | ||
Charge for year |
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On disposals | - | - |
Other adjustments | - | - |
At 31 March 2024 |
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Net book value | ||
At 31 March 2024 |
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for the Period Ended 31 March 2024
2024 £ |
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Other creditors |
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Total |
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