Company registration number: 10666338
Unaudited financial statements
for the year ended 31 March 2024
for
Junk Poet Ltd
(limited by guarantee)
Pages for filing with the Registrar
Junk Poet Ltd
(limited by guarantee)
Chartered Certified Accountant's Report to the Director for the preparation of the
unaudited financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Junk Poet Ltd for the year ended 31 March 2024 which comprise the Income and expenditure account, Balance sheet and the notes to the financial statements from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants (ACCA), I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.
This report is made solely to the Director of Junk Poet Ltd, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Junk Poet Ltd and state those matters that I have agreed to state to them in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Junk Poet Ltd and its Director for my work, or for this report.
It is your duty to ensure that Junk Poet Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and surplus of Junk Poet Ltd. You consider that Junk Poet Ltd is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the accounts of Junk Poet Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Crack-a-Tax Limited
13 Mill End Road
High Wycombe
Bucks
HP12 4AX
United Kingdom
Date: 31 December 2024
1
Company registration number: 10666338
Junk Poet Ltd
(limited by guarantee)
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 4,930 6,574
4,930 6,574
Current assets
Debtors 2,531 1,684
Cash at bank and in hand 39,040 82,085
41,571 83,769
Creditors: amounts falling due within one
year
(18,355) (64,780)
Net current assets 23,216 18,989
Total assets less current liabilities 28,146 25,563
NET ASSETS 28,146 25,563
Reserves
Income and expenditure account 28,146 25,563
TOTAL RESERVES 28,146 25,563
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
2
Company registration number: 10666338
Junk Poet Ltd
(limited by guarantee)
Balance sheet - continued
as at 31 March 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 Income and expenditure account has not been delivered to the Registrar.
Signed by:
Mr P Bateman, Director
31 December 2024
3
Junk Poet Ltd
(limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
Junk Poet Ltd is a private company registered in England and Wales. Its registered number is 10666338. The company is limited by guarantee. Its registered office is Cirque Bijou, Epstein Building, Bristol, Avon, BS5 6JF.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Income and expenditure account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
4
Junk Poet Ltd
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 March 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2023 8,765
At 31 March 2024 8,765
Depreciation
At 1 April 2023 2,191
Charge for year 1,644
At 31 March 2024 3,835
Net book value
At 31 March 2024 4,930
At 31 March 2023 6,574
5 Advances, credit and guarantees granted to the director
There have been no guarantees granted to the Director during the year.
5