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REGISTERED NUMBER: 10975073 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Sixteenfifty Limited

Sixteenfifty Limited (Registered number: 10975073)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sixteenfifty Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr J H Cocklin
Mr I S Cocklin
Mrs A E Cocklin





REGISTERED OFFICE: 196 Demesne Road
Wallington
SM6 8EN





REGISTERED NUMBER: 10975073 (England and Wales)





ACCOUNTANTS: Loizou Associates Limited
Chartered Certified Accountants
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Sixteenfifty Limited (Registered number: 10975073)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,608 4,527

CURRENT ASSETS
Debtors 5 1,198,107 1,304,516
Cash at bank 786,861 973,227
1,984,968 2,277,743
CREDITORS
Amounts falling due within one year 6 1,013,909 1,315,939
NET CURRENT ASSETS 971,059 961,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,667

966,331

CREDITORS
Amounts falling due after more than
one year

7

10,759

20,753
NET ASSETS 965,908 945,578

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 965,708 945,378
965,908 945,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sixteenfifty Limited (Registered number: 10975073)

Statement of Financial Position - continued
30 September 2024


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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





Mr J H Cocklin - Director


Sixteenfifty Limited (Registered number: 10975073)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Sixteenfifty Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Computer equipment - 33% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Sixteenfifty Limited (Registered number: 10975073)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023 18,916
Additions 7,096
At 30 September 2024 26,012
DEPRECIATION
At 1 October 2023 14,389
Charge for year 6,015
At 30 September 2024 20,404
NET BOOK VALUE
At 30 September 2024 5,608
At 30 September 2023 4,527

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.24 30.9.23
£    £   
Trade debtors 562,760 709,286
Other debtors 69,950 19,950
VAT 74,384 41,940
Accrued income 485,107 527,220
Prepayments 5,906 6,120
1,198,107 1,304,516

Sixteenfifty Limited (Registered number: 10975073)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,994 9,994
Trade creditors 10,793 12,464
Tax 51,254 103,265
Other creditors 715 615
Invoice finance 522,981 699,005
Directors' current accounts 24,496 53,479
Accrued expenses 393,676 437,117
1,013,909 1,315,939

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 10,506 10,247
Bank loans - 2-5 years 253 10,506
10,759 20,753

8. RELATED PARTY DISCLOSURES

Included in creditors, amounts falling due wthin one year is an interest free loan of £24,496 (2023: £53,479) due to Mr J H Cocklin, director of the company.