1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 6,129 3,294 1,207 4,501 1,628 2,835 xbrli:pure xbrli:shares iso4217:GBP 09869370 2023-12-01 2024-11-30 09869370 2024-11-30 09869370 2023-11-30 09869370 2022-12-01 2023-11-30 09869370 2023-11-30 09869370 2022-11-30 09869370 bus:Director1 2023-12-01 2024-11-30 09869370 core:WithinOneYear 2024-11-30 09869370 core:WithinOneYear 2023-11-30 09869370 core:ShareCapital 2024-11-30 09869370 core:ShareCapital 2023-11-30 09869370 core:RetainedEarningsAccumulatedLosses 2024-11-30 09869370 core:RetainedEarningsAccumulatedLosses 2023-11-30 09869370 bus:SmallEntities 2023-12-01 2024-11-30 09869370 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09869370 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 09869370 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09869370 bus:FullAccounts 2023-12-01 2024-11-30 09869370 core:ComputerEquipment 2023-12-01 2024-11-30 09869370 core:ComputerEquipment 2024-11-30 09869370 core:ComputerEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 09869370
All About Assets Limited
Filleted Unaudited Financial Statements
30 November 2024
All About Assets Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,628
2,835
Current assets
Debtors
6
130
1,397
Cash at bank and in hand
7,134
37,086
-------
--------
7,264
38,483
Creditors: amounts falling due within one year
7
1,773
3,857
-------
--------
Net current assets
5,491
34,626
-------
--------
Total assets less current liabilities
7,119
37,461
Provisions
Taxation including deferred tax
309
539
-------
--------
Net assets
6,810
36,922
-------
--------
All About Assets Limited
Statement of Financial Position (continued)
30 November 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
6,809
36,921
-------
--------
Shareholders funds
6,810
36,922
-------
--------
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 year ending 30 November 2024 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 year 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 .
These financial statements were approved by the board of directors and authorised for issue on 5 May 2025 , and are signed on behalf of the board by:
Mr S J Cumming
Director
Company registration number: 09869370
All About Assets Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Windmill Lane, Stevington, Bedford, MK43 7QZ, UK.
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.
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.
Deferred taxation
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:
Equipment
-
33% straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2023 and 30 November 2024
6,129
6,129
-------
-------
Depreciation
At 1 December 2023
3,294
3,294
Charge for the year
1,207
1,207
-------
-------
At 30 November 2024
4,501
4,501
-------
-------
Carrying amount
At 30 November 2024
1,628
1,628
-------
-------
At 30 November 2023
2,835
2,835
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
130
1,397
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,651
Social security and other taxes
261
Other creditors
1,773
1,945
-------
-------
1,773
3,857
-------
-------