COMPANY REGISTRATION NUMBER:
15027014
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 July 2024
Fixed assets
Intangible assets |
5 |
|
833 |
Tangible assets |
6 |
|
80 |
|
|
---- |
|
|
913 |
|
|
|
|
Current assets
Debtors |
7 |
530 |
|
Cash at bank and in hand |
16,681 |
|
|
------- |
|
|
17,211 |
|
|
|
|
|
Prepayments and accrued income |
7 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
24,788 |
|
|
------- |
|
Net current liabilities |
|
7,570 |
|
|
------ |
Total assets less current liabilities |
|
(
6,657) |
|
|
|
|
Accruals and deferred income |
|
2,382 |
|
|
------ |
Net liabilities |
|
(
9,039) |
|
|
------ |
|
|
|
Capital and reserves
Called up share capital |
9 |
|
150 |
Profit and loss account |
|
(
9,189) |
|
|
------ |
Shareholders deficit |
|
(
9,039) |
|
|
------ |
|
|
|
|
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 comprehensive income has not been delivered.
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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) |
|
31 July 2024
These financial statements were approved by the
board of directors
and authorised for issue on
16 April 2025
, and are signed on behalf of the board by:
Company registration number:
15027014
Notes to the Financial Statements |
|
Period from 25 July 2023 to 31 July 2024
1.
General information
The company is a private company limited by shares, incorporated, registered and trading in England and Wales, with company number
15027014
. The address of the registered office is 8 Jury Street, Warwick, Warwickshire, CV34 4EW, United Kingdom.
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 company and rounded to the nearest £.
Going concern
The continuation of the company's affairs is dependent upon the support of the company's directors. These accounts have been prepared on a going concern basis which assumes their support for the foreseeable future.
Judgements and key sources of estimation uncertainty
In preparing these financial statements the directors have had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, 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
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
|
Equipment |
- |
20% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
3
.
5.
Intangible assets
|
Website domains |
|
£ |
Cost |
|
Additions |
833 |
|
---- |
At 31 July 2024 |
833 |
|
---- |
Amortisation |
|
At 25 July 2023 and 31 July 2024 |
– |
|
---- |
Carrying amount |
|
At 31 July 2024 |
833 |
|
---- |
|
|
6.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
Cost |
|
|
At 25 July 2023 |
– |
– |
Additions |
100 |
100 |
|
---- |
---- |
At 31 July 2024 |
100 |
100 |
|
---- |
---- |
Depreciation |
|
|
At 25 July 2023 |
– |
– |
Charge for the period |
20 |
20 |
|
---- |
---- |
At 31 July 2024 |
20 |
20 |
|
---- |
---- |
Carrying amount |
|
|
At 31 July 2024 |
80 |
80 |
|
---- |
---- |
|
|
|
7.
Debtors
|
31 Jul 24 |
|
£ |
Other debtors |
530 |
|
---- |
|
|
8.
Creditors:
amounts falling due within one year
|
31 Jul 24 |
|
£ |
Trade creditors |
12,191 |
Social security and other taxes |
928 |
Other creditors |
11,669 |
|
------- |
|
24,788 |
|
------- |
|
|
9.
Called up share capital
Issued, called up and fully paid
|
31 Jul 24 |
|
No. |
£ |
Ordinary shares of £ 1 each |
150 |
150 |
|
---- |
---- |
|
|
|
On incorporation, the company issued 100 £1 ordinary shares at par value. On 10 April 2024, the company issued a further 50 £1 ordinary shares at par value.
10.
Directors' advances, credits and guarantees
At the reporting date the directors loan account was in credit by £11,669. There is no fixed term for repayment and no interest is charged.
11.
Related party transactions
The company was under the control of C Brooks,
J Brooks
and S Jones during the current and previous period.