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REGISTERED NUMBER: 04737555 (England and Wales)















171123 LTD
Trading as
171123 LTD

Unaudited Financial Statements

for the Year Ended 31 May 2024






171123 LTD (Registered number: 04737555)
Trading as 171123 LTD






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


171123 LTD
Trading as 171123 LTD

Company Information
for the year ended 31 May 2024







DIRECTORS: DB Molyneux
JM Molyneux





SECRETARY: JM Molyneux





REGISTERED OFFICE: Saddleworth Business Centre
Huddersfield Road
Delph
Oldham
Lancashire
OL3 5DF





REGISTERED NUMBER: 04737555 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

171123 LTD (Registered number: 04737555)
Trading as 171123 LTD

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 660 13,105
660 13,105

CURRENT ASSETS
Stocks - 164,881
Debtors 6 19,938 38,422
Cash at bank and in hand 64,920 31,723
84,858 235,026
CREDITORS
Amounts falling due within one year 7 4,736 37,357
NET CURRENT ASSETS 80,122 197,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,782

210,774

CREDITORS
Amounts falling due after more than one
year

8

-

10,000
NET ASSETS 80,782 200,774

CAPITAL AND RESERVES
Called up share capital 10 90 90
Retained earnings 80,692 200,684
SHAREHOLDERS' FUNDS 80,782 200,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

171123 LTD (Registered number: 04737555)
Trading as 171123 LTD

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





DB Molyneux - Director


171123 LTD (Registered number: 04737555)
Trading as 171123 LTD

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

171123 LTD 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


171123 LTD (Registered number: 04737555)
Trading as 171123 LTD

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 June 2023
and 31 May 2024 40,000
AMORTISATION
At 1 June 2023
and 31 May 2024 40,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 June 2023 660 46,465 14,653 46,952 108,730
Disposals - (46,465 ) (14,653 ) (46,952 ) (108,070 )
At 31 May 2024 660 - - - 660
DEPRECIATION
At 1 June 2023 - 45,783 14,250 35,592 95,625
Eliminated on disposal - (45,783 ) (14,250 ) (35,592 ) (95,625 )
At 31 May 2024 - - - - -
NET BOOK VALUE
At 31 May 2024 660 - - - 660
At 31 May 2023 660 682 403 11,360 13,105

171123 LTD (Registered number: 04737555)
Trading as 171123 LTD

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 36,932
Other debtors 19,938 1,490
19,938 38,422

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts - 5,000
Hire purchase contracts - 218
Trade creditors - 15,006
Taxation and social security 2,926 3,934
Other creditors 1,810 13,199
4,736 37,357

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 10,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans - 15,000

Hire purchase liabilities are secured by the underlying assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
90 Ordinary 1 90 90

11. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by Mr DB and Mrs JM Molyneux.