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No description of principal activity
2023-09-01
Sage Accounts Production Advanced 2024 - FRS102_2024
668,998
668,998
668,998
xbrli:pure
xbrli:shares
iso4217:GBP
02254789
2023-09-01
2024-08-31
02254789
2024-08-31
02254789
2023-08-31
02254789
2022-09-01
2023-08-31
02254789
2023-08-31
02254789
2022-08-31
02254789
core:PlantMachinery
2023-09-01
2024-08-31
02254789
core:FurnitureFittings
2023-09-01
2024-08-31
02254789
bus:LeadAgentIfApplicable
2023-09-01
2024-08-31
02254789
bus:Director1
2023-09-01
2024-08-31
02254789
core:PlantMachinery
2024-08-31
02254789
core:FurnitureFittings
2024-08-31
02254789
core:WithinOneYear
2024-08-31
02254789
core:WithinOneYear
2023-08-31
02254789
core:ShareCapital
2024-08-31
02254789
core:ShareCapital
2023-08-31
02254789
core:RetainedEarningsAccumulatedLosses
2024-08-31
02254789
core:RetainedEarningsAccumulatedLosses
2023-08-31
02254789
core:CostValuation
core:Non-currentFinancialInstruments
2024-08-31
02254789
core:Non-currentFinancialInstruments
2024-08-31
02254789
core:Non-currentFinancialInstruments
2023-08-31
02254789
bus:SmallEntities
2023-09-01
2024-08-31
02254789
bus:AuditExemptWithAccountantsReport
2023-09-01
2024-08-31
02254789
bus:SmallCompaniesRegimeForAccounts
2023-09-01
2024-08-31
02254789
bus:PrivateLimitedCompanyLtd
2023-09-01
2024-08-31
02254789
bus:FullAccounts
2023-09-01
2024-08-31
COMPANY REGISTRATION NUMBER:
02254789
|
Filleted Unaudited Financial Statements |
|
Year ended 31 August 2024
|
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
|
Statement of financial position |
2 to 3 |
|
|
|
Notes to the financial statements |
4 to 7 |
|
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Five One Two Limited |
|
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Five One Two Limited for the year ended 31 August 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Five One Two Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Five One Two Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Five One Two Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Five One Two Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Five One Two Limited. You consider that Five One Two Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Five One Two Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered Accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
23 May 2025
|
Statement of Financial Position |
|
31 August 2024
Fixed assets
|
Investments |
6 |
668,998 |
668,998 |
|
|
|
|
Current assets
|
Debtors |
7 |
384,014 |
237,767 |
|
Cash at bank and in hand |
31,414 |
21,055 |
|
--------- |
--------- |
|
415,428 |
258,822 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
370,529 |
364,289 |
|
--------- |
--------- |
|
Net current assets/liabilities |
44,899 |
105,467 |
|
--------- |
--------- |
|
Total assets less current liabilities |
713,897 |
563,531 |
|
--------- |
--------- |
|
Net assets |
713,897 |
563,531 |
|
--------- |
--------- |
|
|
|
|
|
Statement of Financial Position (continued) |
|
31 August 2024
Capital and reserves
|
Called up share capital |
1,002 |
1,002 |
|
Profit and loss account |
712,895 |
562,529 |
|
--------- |
--------- |
|
Shareholders funds |
713,897 |
563,531 |
|
--------- |
--------- |
|
|
|
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 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
23 May 2025
, and are signed on behalf of the board by:
|
Mrs E A Barber-Atkinson |
|
|
Director |
|
|
|
Company registration number:
02254789
|
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 Willow Lodge, Doncaster Road, Oldcotes, Worksop, Nottinghamshire, S81 8HT.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
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.
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:
|
Plant and machinery |
- |
33% straight line |
|
Furniture and equipment |
- |
33% 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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
Plant and machinery |
Furniture and equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 September 2023 and 31 August 2024 |
8,600 |
3,990 |
12,590 |
|
------- |
------- |
-------- |
|
Depreciation |
|
|
|
|
At 1 September 2023 and 31 August 2024 |
8,600 |
3,990 |
12,590 |
|
------- |
------- |
-------- |
|
Carrying amount |
|
|
|
|
At 31 August 2024 |
– |
– |
– |
|
------- |
------- |
-------- |
|
At 31 August 2023 |
– |
– |
– |
|
------- |
------- |
-------- |
|
|
|
|
6.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 September 2023 and 31 August 2024 |
668,998 |
|
--------- |
|
Impairment |
|
|
At 1 September 2023 and 31 August 2024 |
– |
|
--------- |
|
|
|
Carrying amount |
|
|
At 31 August 2024 |
668,998 |
|
--------- |
|
At 31 August 2023 |
668,998 |
|
--------- |
|
|
The company owns 89.8% of the shares in Five One Two (Sheffield) Limited included at a cost of £998 above, and 100% of the shares in Sheffield International Freight Terminal Limited included at a cost of £668,000 above.
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
29,580 |
540 |
|
Other debtors |
354,434 |
237,227 |
|
--------- |
--------- |
|
384,014 |
237,767 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
149 |
1,333 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
331,000 |
331,000 |
|
Corporation tax |
26,430 |
– |
|
Social security and other taxes |
5,801 |
10,647 |
|
Other creditors |
7,149 |
21,309 |
|
--------- |
--------- |
|
370,529 |
364,289 |
|
--------- |
--------- |
|
|
|
9.
Related party transactions
Included within debtors at the year end date are loan amounts owed to
Five One Two Limited
by a related company, in the sum of £113,400 (2023: £113,400). The companies are connected by virtue of a common director and a common shareholder. The loan is not subject to any formal repayment terms and neither is any interest chargeable. Included within debtors at the year end date are loan amounts owed to Five One Two Limited
by a related company, in the sum of £60,000 (2023: £60,000). The companies are connected by virtue of a common shareholder. The loan is not subject to any formal repayment terms and neither is any interest chargeable. Included within creditors at the year end date are loan amounts owed by Five One Two Limited
to a subsidiary company, in the sum of £331,000 (2023: £331,000). The loan not subject to any formal repayment terms and neither is any interest chargeable.