2
false
false
false
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No description of principal activity
2023-09-01
Sage Accounts Production Advanced 2023 - FRS102_2023
3,813
1,241
5,054
1,726
825
2,551
2,503
2,087
292,785
7,421
28,947
14,159
285,418
285,418
292,785
xbrli:pure
xbrli:shares
iso4217:GBP
11528436
2023-09-01
2024-08-31
11528436
2024-08-31
11528436
2023-08-31
11528436
2022-09-01
2023-08-31
11528436
2023-08-31
11528436
2022-08-31
11528436
bus:OrdinaryShareClass1
2023-09-01
2024-08-31
11528436
bus:Director1
2023-09-01
2024-08-31
11528436
core:WithinOneYear
2024-08-31
11528436
core:WithinOneYear
2023-08-31
11528436
core:ShareCapital
2024-08-31
11528436
core:ShareCapital
2023-08-31
11528436
core:RetainedEarningsAccumulatedLosses
2024-08-31
11528436
core:RetainedEarningsAccumulatedLosses
2023-08-31
11528436
core:CostValuation
core:Non-currentFinancialInstruments
2023-08-31
11528436
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2024-08-31
11528436
core:DisposalsRepaymentsInvestments
core:Non-currentFinancialInstruments
2024-08-31
11528436
core:Non-currentFinancialInstruments
core:OtherIncreaseDecreaseInInvestments
2024-08-31
11528436
core:CostValuation
core:Non-currentFinancialInstruments
2024-08-31
11528436
core:Non-currentFinancialInstruments
2024-08-31
11528436
core:Non-currentFinancialInstruments
2023-08-31
11528436
bus:SmallEntities
2023-09-01
2024-08-31
11528436
bus:AuditExempt-NoAccountantsReport
2023-09-01
2024-08-31
11528436
bus:SmallCompaniesRegimeForAccounts
2023-09-01
2024-08-31
11528436
bus:PrivateLimitedCompanyLtd
2023-09-01
2024-08-31
11528436
bus:FullAccounts
2023-09-01
2024-08-31
11528436
bus:OrdinaryShareClass1
2024-08-31
11528436
bus:OrdinaryShareClass1
2023-08-31
11528436
core:ComputerEquipment
2023-09-01
2024-08-31
11528436
core:ComputerEquipment
2023-08-31
11528436
core:ComputerEquipment
2024-08-31
COMPANY REGISTRATION NUMBER:
11528436
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
31 August 2024
Fixed assets
|
Tangible assets |
5 |
|
2,503 |
|
2,087 |
|
Investments |
6 |
|
285,418 |
|
292,785 |
|
|
-------- |
|
-------- |
|
|
287,921 |
|
294,872 |
|
|
|
|
|
|
Current assets
|
Debtors |
7 |
45,000 |
|
1,574 |
|
|
Cash at bank and in hand |
118,112 |
|
71,635 |
|
|
-------- |
|
------- |
|
|
163,112 |
|
73,209 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
(
289,546) |
|
(
286,327) |
|
|
-------- |
|
-------- |
|
|
Net current liabilities |
|
(
126,434) |
|
(
213,118) |
|
|
-------- |
|
-------- |
|
Total assets less current liabilities |
|
161,487 |
|
81,754 |
|
|
|
|
|
|
|
Provisions |
|
(
4,766) |
|
– |
|
|
-------- |
|
------- |
|
Net assets |
|
156,721 |
|
81,754 |
|
|
-------- |
|
------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
9 |
|
8 |
|
8 |
|
Profit and loss account |
|
156,713 |
|
81,746 |
|
|
-------- |
|
------- |
|
Shareholders funds |
|
156,721 |
|
81,754 |
|
|
-------- |
|
------- |
|
|
|
|
|
|
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 profit and loss account has not been delivered.
For the year ending 31 August 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 year 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
.
|
BALANCE SHEET (continued) |
|
31 August 2024
These financial statements were approved by the
board of directors
and authorised for issue on
15 May 2025
, and are signed on behalf of the board by:
Company registration number:
11528436
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 AUGUST 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 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, HP18 0RA, Bucks.
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.
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.
Income tax
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. 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% straight line |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities comprise of creditors. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Distributions to equity holders
Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 September 2023 |
3,813 |
|
Additions |
1,241 |
|
------ |
|
At 31 August 2024 |
5,054 |
|
------ |
|
Depreciation |
|
|
At 1 September 2023 |
1,726 |
|
Charge for the year |
825 |
|
------ |
|
At 31 August 2024 |
2,551 |
|
------ |
|
Carrying amount |
|
|
At 31 August 2024 |
2,503 |
|
------ |
|
At 31 August 2023 |
2,087 |
|
------ |
|
|
6.
Investments
|
Other investments other than loans |
|
£ |
|
Cost |
|
|
At 1 September 2023 |
292,785 |
|
Additions |
7,421 |
|
Disposals |
(
28,947) |
|
Other movements |
14,159 |
|
-------- |
|
At 31 August 2024 |
285,418 |
|
-------- |
|
Impairment |
|
|
At 1 September 2023 and 31 August 2024 |
– |
|
-------- |
|
|
|
Carrying amount |
|
|
At 31 August 2024 |
285,418 |
|
-------- |
|
At 31 August 2023 |
292,785 |
|
-------- |
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
43,000 |
– |
|
Other debtors |
2,000 |
1,574 |
|
------- |
------ |
|
45,000 |
1,574 |
|
------- |
------ |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
49 |
– |
|
Corporation tax |
22,718 |
12,376 |
|
Social security and other taxes |
5,942 |
– |
|
Other creditors |
260,837 |
273,951 |
|
-------- |
-------- |
|
289,546 |
286,327 |
|
-------- |
-------- |
|
|
|
9.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
8 |
8 |
8 |
8 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|