Row XYZ Ltd
Registered number: 15065073
Statement of Financial Position
as at 31 August 2024
Notes 2024
£
Current assets
Stocks 1,904
Debtors 3 238
Cash at bank and in hand 2,976
5,118
Creditors: amounts falling due within one year 4 (2,296)
Net current assets 2,822
Net assets 2,822
Capital and reserves
Called up share capital 100
Profit and loss account 2,722
Shareholders' funds 2,822
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 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.
D Eppey
Director
Approved by the board on 9 May 2025
Row XYZ Ltd
Notes to the Accounts
for the period from 11 August 2023 to 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. 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.
Inventories
Inventories 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, 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. 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.
2 Employees and directors 2024
Number
Average number of directors and persons employed by the company 2
3 Debtors 2024
£
Trade debtors 223
Other debtors 15
238
4 Creditors: amounts falling due within one year 2024
£
Accruals 1,320
Corporation tax 696
Other creditors 280
2,296
5 Other information
Row XYZ Ltd is a private company limited by shares and incorporated in England. Its registered office is:
128 City Road
London
EC1V 2NX
Row XYZ Ltd 15065073 false 2023-08-11 2024-08-31 2024-08-31 VT Final Accounts July 2024 D Eppey No description of principal activity 15065073 2023-08-11 2024-08-31 15065073 bus:PrivateLimitedCompanyLtd 2023-08-11 2024-08-31 15065073 bus:AuditExemptWithAccountantsReport 2023-08-11 2024-08-31 15065073 bus:Director40 2023-08-11 2024-08-31 15065073 1 2023-08-11 2024-08-31 15065073 2 2023-08-11 2024-08-31 15065073 countries:England 2023-08-11 2024-08-31 15065073 bus:FRS102 2023-08-11 2024-08-31 15065073 bus:FilletedAccounts 2023-08-11 2024-08-31 15065073 2024-08-31 15065073 core:WithinOneYear 2024-08-31 15065073 core:ShareCapital 2024-08-31 15065073 core:RetainedEarningsAccumulatedLosses 2024-08-31 15065073 2023-08-10 iso4217:GBP xbrli:pure