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No description of principal activity
2023-05-01
Sage Accounts Production Advanced 2024 - FRS102_2024
39,664
39,664
39,664
xbrli:pure
xbrli:shares
iso4217:GBP
13318291
2023-05-01
2023-11-30
13318291
2023-11-30
13318291
2023-04-30
13318291
2022-05-01
2023-04-30
13318291
2023-04-30
13318291
2022-04-30
13318291
core:FurnitureFittings
2023-05-01
2023-11-30
13318291
bus:Director1
2023-05-01
2023-11-30
13318291
core:FurnitureFittings
2023-04-30
13318291
core:FurnitureFittings
2023-11-30
13318291
core:WithinOneYear
2023-11-30
13318291
core:WithinOneYear
2023-04-30
13318291
core:ShareCapital
2023-11-30
13318291
core:ShareCapital
2023-04-30
13318291
core:RetainedEarningsAccumulatedLosses
2023-11-30
13318291
core:RetainedEarningsAccumulatedLosses
2023-04-30
13318291
core:CostValuation
core:Non-currentFinancialInstruments
2023-11-30
13318291
core:Non-currentFinancialInstruments
2023-11-30
13318291
core:Non-currentFinancialInstruments
2023-04-30
13318291
core:FurnitureFittings
2023-04-30
13318291
bus:SmallEntities
2023-05-01
2023-11-30
13318291
bus:AuditExempt-NoAccountantsReport
2023-05-01
2023-11-30
13318291
bus:SmallCompaniesRegimeForAccounts
2023-05-01
2023-11-30
13318291
bus:PrivateLimitedCompanyLtd
2023-05-01
2023-11-30
13318291
bus:FullAccounts
2023-05-01
2023-11-30
13318291
core:OfficeEquipment
2023-05-01
2023-11-30
13318291
core:OfficeEquipment
2023-11-30
13318291
core:KeyManagementPersonnel
2023-05-01
2023-11-30
13318291
core:AllAssociates
2023-05-01
2023-11-30
COMPANY REGISTRATION NUMBER:
13318291
Filleted Unaudited Financial Statements |
|
Period from 1 May 2023 to 30 November 2023
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Statement of Financial Position |
|
30 November 2023
|
30 Nov 23 |
30 Apr 23 |
Note |
£ |
£ |
£ |
|
|
|
|
Fixed assets
Tangible assets |
5 |
|
2,709 |
279 |
Investments |
6 |
|
39,664 |
39,664 |
|
|
-------- |
-------- |
|
|
42,373 |
39,943 |
|
|
|
|
|
Current assets
Debtors |
7 |
35,849 |
|
5,000 |
Cash at bank and in hand |
39,270 |
|
48,305 |
|
-------- |
|
-------- |
|
75,119 |
|
53,305 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
50,936 |
|
43,906 |
|
-------- |
|
-------- |
Net current assets |
|
24,183 |
9,399 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
66,556 |
49,342 |
|
|
|
|
|
Provisions |
|
515 |
53 |
|
|
-------- |
-------- |
Net assets |
|
66,041 |
49,289 |
|
|
-------- |
-------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
|
66,040 |
49,288 |
|
|
-------- |
-------- |
Shareholders funds |
|
66,041 |
49,289 |
|
|
-------- |
-------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the Period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
30 November 2023
These financial statements were approved by the
board of directors
and authorised for issue on
10 April 2025
, and are signed on behalf of the board by:
Company registration number:
13318291
Notes to the Financial Statements |
|
Period from 1 May 2023 to 30 November 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 254 Gloucester Terrace, London, W2 6HU, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
25% straight line |
|
Equipment |
- |
33% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the Period amounted to
1
(2023:
1
).
5.
Tangible assets
|
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 May 2023 |
479 |
– |
479 |
Additions |
– |
2,827 |
2,827 |
|
---- |
------- |
------- |
At 30 November 2023 |
479 |
2,827 |
3,306 |
|
---- |
------- |
------- |
Depreciation |
|
|
|
At 1 May 2023 |
200 |
– |
200 |
Charge for the period |
120 |
277 |
397 |
|
---- |
------- |
------- |
At 30 November 2023 |
320 |
277 |
597 |
|
---- |
------- |
------- |
Carrying amount |
|
|
|
At 30 November 2023 |
159 |
2,550 |
2,709 |
|
---- |
------- |
------- |
At 30 April 2023 |
279 |
– |
279 |
|
---- |
------- |
------- |
|
|
|
|
6.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 May 2023 and 30 November 2023 |
39,664 |
|
-------- |
Impairment |
|
At 1 May 2023 and 30 November 2023 |
– |
|
-------- |
|
|
Carrying amount |
|
At 30 November 2023 |
39,664 |
|
-------- |
At 30 April 2023 |
39,664 |
|
-------- |
|
|
7.
Debtors
|
30 Nov 23 |
30 Apr 23 |
|
£ |
£ |
Other debtors |
35,849 |
5,000 |
|
-------- |
------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
30 Nov 23 |
30 Apr 23 |
|
£ |
£ |
Corporation tax |
46,171 |
39,881 |
Social security and other taxes |
1,765 |
– |
Other creditors |
3,000 |
4,025 |
|
-------- |
-------- |
|
50,936 |
43,906 |
|
-------- |
-------- |
|
|
|
9.
Director's advances, credits and guarantees
During the year, advances of £30,123 were paid to the director and repayments of £nil were made by the director. Interest of £602 was charged at a rate of %2.5.
10.
Related party transactions
At the period end the company was owed £30,849 by the director.
At the period end the company was owed £5,000 by a company associated by common control.