2 false false false false false false false false false false true false false false false false false 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
Five One Two Limited
Filleted Unaudited Financial Statements
31 August 2024
Five One Two Limited
Financial Statements
Year ended 31 August 2024
Contents
Pages
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
Five One Two Limited
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
Five One Two Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
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
---------
---------
Five One Two Limited
Statement of Financial Position (continued)
31 August 2024
2024
2023
Note
£
£
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
Five One Two Limited
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.