Registered number
10208779
THE SUPPLY REGISTER LIMITED
Filleted Accounts
31 August 2024
THE SUPPLY REGISTER LIMITED
Registered number: 10208779
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,606 16,448
Current assets
Debtors 4 1,108,687 914,918
Cash at bank and in hand 127 220,114
1,108,814 1,135,032
Creditors: amounts falling due within one year 5 (2,016,564) (2,014,815)
Net current liabilities (907,750) (879,783)
Total assets less current liabilities (879,144) (863,335)
Creditors: amounts falling due after more than one year 6 (1,250,000) (618,318)
Net liabilities (2,129,144) (1,481,653)
Capital and reserves
Called up share capital 6,419 6,419
Share premium 1,588,611 1,588,611
Profit and loss account (3,724,174) (3,076,683)
Shareholders' funds (2,129,144) (1,481,653)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr.Baljinder Kuller
Director
Approved by the board on 26 May 2025
THE SUPPLY REGISTER LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Software development over 5 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 45 36
3 Tangible fixed assets
Software development Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 - 80,451 80,451
Additions 13,504 - 13,504
At 31 August 2024 13,504 80,451 93,955
Depreciation
At 1 September 2023 - 64,003 64,003
Charge for the year 675 671 1,346
At 31 August 2024 675 64,674 65,349
Net book value
At 31 August 2024 12,829 15,777 28,606
At 31 August 2023 - 16,448 16,448
4 Debtors 2024 2023
£ £
Trade debtors 1,055,203 876,696
Prepayments and accrued income 28,414 36,018
Other debtors 25,070 2,204
1,108,687 914,918
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,830 10,648
Invoice Discount facility 321,245 621,804
Trade creditors 1,458,914 1,217,588
Other taxes and social security 161,159 124,386
Other creditors 56,416 40,389
2,016,564 2,014,815
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 18,318
Convertible loan 1,250,000 600,000
1,250,000 618,318
7 Other information
THE SUPPLY REGISTER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
01.052 Denise Coates
Foundation Building Keele University
Keele, Stanffordshire
England
ST5 5NS
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