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REGISTERED NUMBER: 04313359 (England and Wales)










Financial Statements for the Year Ended 31 July 2024

for

Currant Ltd

Currant Ltd (Registered number: 04313359)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Currant Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J Kay





SECRETARY: J Kay





REGISTERED OFFICE: 25 Generator Hall
Electric Wharf
Sandy Lane
Coventry
West Midlands
CV1 4JL





REGISTERED NUMBER: 04313359 (England and Wales)





ACCOUNTANTS: NRB Accountancy Limited
40 Market Place
Belper
Derbyshire
DE56 1FZ

Currant Ltd (Registered number: 04313359)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 544,823 564,011
Investments 5 77,037 77,037
621,860 641,048

CURRENT ASSETS
Debtors 6 708,509 439,079
Cash at bank 647,549 718,019
1,356,058 1,157,098
CREDITORS
Amounts falling due within one year 7 265,245 92,858
NET CURRENT ASSETS 1,090,813 1,064,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,712,673

1,705,288

CAPITAL AND RESERVES
Called up share capital 75 75
Capital redemption reserve (477,350 ) (477,350 )
Retained earnings 2,189,948 2,182,563
SHAREHOLDERS' FUNDS 1,712,673 1,705,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 April 2025 and were signed by:




J Kay - Director


Currant Ltd (Registered number: 04313359)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Currant Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.
Land and buildings - 4% on cost and in accordance with the property
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Currant Ltd (Registered number: 04313359)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 662,366 231,222 893,588
DEPRECIATION
At 1 August 2023 131,929 197,648 329,577
Charge for year 10,795 8,393 19,188
At 31 July 2024 142,724 206,041 348,765
NET BOOK VALUE
At 31 July 2024 519,642 25,181 544,823
At 31 July 2023 530,437 33,574 564,011

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 31,977 45,060 77,037
NET BOOK VALUE
At 31 July 2024 31,977 45,060 77,037
At 31 July 2023 31,977 45,060 77,037

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 33,342 54,415
Other debtors 675,167 384,664
708,509 439,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 12,858 1,323
Taxation and social security 2,189 25,733
Other creditors 250,198 65,802
265,245 92,858

Currant Ltd (Registered number: 04313359)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2024 and the period ended 31 July 2023:

31.7.24 31.7.23
£    £   
J Kay
Balance outstanding at start of year 50,327 11,917
Amounts advanced - 38,410
Amounts repaid (236,014 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (185,687 ) 50,327