Company registration number 07243633 (England and Wales)
UNRELIABLE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
UNRELIABLE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
UNRELIABLE LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23,581
37,827
Current assets
Debtors
4
769,833
594,760
Cash at bank and in hand
1,503,845
510,677
2,273,678
1,105,437
Creditors: amounts falling due within one year
5
(689,757)
(371,843)
Net current assets
1,583,921
733,594
Net assets
1,607,502
771,421
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,607,402
771,321
Total equity
1,607,502
771,421

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 March 2025 and are signed on its behalf by:
J Greenwood
Director
Company registration number 07243633 (England and Wales)
UNRELIABLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Unreliable Limited is a private company limited by shares incorporated in England and Wales. The registered office is 41 Great Portland Street, London, W1W 7LA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Royalty income is credited to the profit and loss account in the period to which it relates, or if it cannot be reliably calculated, on a receipt basis.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss,

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

UNRELIABLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

 

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

UNRELIABLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
5
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
168,638
Additions
22,784
At 30 June 2024
191,422
Depreciation and impairment
At 1 July 2023
130,811
Depreciation charged in the year
37,030
At 30 June 2024
167,841
Carrying amount
At 30 June 2024
23,581
At 30 June 2023
37,827
UNRELIABLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
320,930
210
Other debtors
448,903
594,550
769,833
594,760
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
16,451
3,669
Corporation tax
437,649
233,681
Other taxation and social security
28,060
33,340
Other creditors
207,597
101,153
689,757
371,843
2024-06-302023-07-01false01 April 2025CCH SoftwareCCH Accounts Production 2024.200No description of principal activityJ GreenwoodS Katan-GreenwoodB Messagefalsefalse072436332023-07-012024-06-30072436332024-06-30072436332023-06-3007243633core:OtherPropertyPlantEquipment2024-06-3007243633core:OtherPropertyPlantEquipment2023-06-3007243633core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3007243633core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3007243633core:CurrentFinancialInstruments2024-06-3007243633core:CurrentFinancialInstruments2023-06-3007243633core:ShareCapital2024-06-3007243633core:ShareCapital2023-06-3007243633core:RetainedEarningsAccumulatedLosses2024-06-3007243633core:RetainedEarningsAccumulatedLosses2023-06-3007243633bus:Director12023-07-012024-06-3007243633core:FurnitureFittings2023-07-012024-06-30072436332022-07-012023-06-3007243633core:OtherPropertyPlantEquipment2023-06-3007243633core:OtherPropertyPlantEquipment2023-07-012024-06-3007243633core:WithinOneYear2024-06-3007243633core:WithinOneYear2023-06-3007243633bus:PrivateLimitedCompanyLtd2023-07-012024-06-3007243633bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007243633bus:FRS1022023-07-012024-06-3007243633bus:AuditExemptWithAccountantsReport2023-07-012024-06-3007243633bus:Director22023-07-012024-06-3007243633bus:Director32023-07-012024-06-3007243633bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP