Registered number
13787280
365 Filler Limited
Filleted Accounts
30 June 2024
365 Filler Limited
Registered number: 13787280
Balance Sheet
as at 30 June 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 57,835 9,059
Current assets
Stocks 40,000 42,000
Debtors 4 - 4,839
Cash at bank and in hand 10,626 12,057
50,626 58,896
Creditors: amounts falling due within one year 5 (112,986) (37,247)
Net current (liabilities)/assets (62,360) 21,649
Total assets less current liabilities (4,525) 30,708
Creditors: amounts falling due after more than one year 6 (40,716) -
Net (liabilities)/assets (45,241) 30,708
Capital and reserves
Called up share capital 1 1
Profit and loss account (45,242) 30,707
Shareholder's funds (45,241) 30,708
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Michael Heaton
Director
Approved by the board on 5 September 2024
365 Filler Limited
Notes to the Accounts
for the period from 1 January 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 5 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 11,325 - 11,325
Additions 8,469 59,440 67,909
At 30 June 2024 19,794 59,440 79,234
Depreciation
At 1 January 2023 2,266 - 2,266
Charge for the period 4,273 14,860 19,133
At 30 June 2024 6,539 14,860 21,399
Net book value
At 30 June 2024 13,255 44,580 57,835
At 31 December 2022 9,059 - 9,059
4 Debtors 2024 2022
£ £
Trade debtors - 2,900
Other debtors - 1,939
- 4,839
5 Creditors: amounts falling due within one year 2024 2022
£ £
Obligations under finance lease and hire purchase contracts 6,390 -
Taxation and social security costs 98,919 25,575
Other creditors 7,677 11,672
112,986 37,247
6 Creditors: amounts falling due after one year 2024 2022
£ £
Obligations under finance lease and hire purchase contracts 40,716 -
7 Related party transactions 2024 2022
Directors loan account £ £
The director is a related party to the company
At 30th June, the company owed the director the
following short term, interest free, unsecured amounts
repayable on demand
Amounts due to the related party 2,251 8,463
8 Controlling party
The director is the ultimate controlling party by virtue of his 100% ownership of the issued share capital of the company
9 Other information
365 Filler Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Nangreaves Street
Leigh
Lancs
WN7 4TN
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