7 false false false false false false false false false false true false false true true true true No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 95,000 94,999 1 1 xbrli:pure xbrli:shares iso4217:GBP 02081143 2023-10-01 2024-09-30 02081143 2024-09-30 02081143 2023-09-30 02081143 2022-10-01 2023-09-30 02081143 2023-09-30 02081143 2022-09-30 02081143 core:LandBuildings core:LongLeaseholdAssets 2023-10-01 2024-09-30 02081143 core:FurnitureFittings 2023-10-01 2024-09-30 02081143 core:MotorVehicles 2023-10-01 2024-09-30 02081143 core:NetGoodwill 2023-10-01 2024-09-30 02081143 bus:Director1 2023-10-01 2024-09-30 02081143 core:NetGoodwill 2024-09-30 02081143 core:LandBuildings 2023-09-30 02081143 core:FurnitureFittings 2023-09-30 02081143 core:MotorVehicles 2023-09-30 02081143 core:LandBuildings 2024-09-30 02081143 core:FurnitureFittings 2024-09-30 02081143 core:MotorVehicles 2024-09-30 02081143 core:WithinOneYear 2024-09-30 02081143 core:WithinOneYear 2023-09-30 02081143 core:ShareCapital 2024-09-30 02081143 core:ShareCapital 2023-09-30 02081143 core:RetainedEarningsAccumulatedLosses 2024-09-30 02081143 core:RetainedEarningsAccumulatedLosses 2023-09-30 02081143 core:NetGoodwill 2023-09-30 02081143 core:LandBuildings 2023-09-30 02081143 core:FurnitureFittings 2023-09-30 02081143 core:MotorVehicles 2023-09-30 02081143 bus:Director1 2023-09-30 02081143 bus:Director1 2024-09-30 02081143 bus:Director1 2022-09-30 02081143 bus:Director1 2023-09-30 02081143 bus:Director1 2022-10-01 2023-09-30 02081143 bus:SmallEntities 2023-10-01 2024-09-30 02081143 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 02081143 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 02081143 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02081143 bus:FullAccounts 2023-10-01 2024-09-30 02081143 core:ComputerEquipment 2023-10-01 2024-09-30 02081143 core:ComputerEquipment 2024-09-30 02081143 core:ComputerEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 02081143
Superfirm Limited
Filleted Unaudited Financial Statements
30 September 2024
Superfirm Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
1
1
Tangible assets
6
23,675
30,414
--------
--------
23,676
30,415
Current assets
Stocks
45,766
40,712
Debtors
7
20,317
32,009
Cash at bank and in hand
1,173,080
1,098,185
------------
------------
1,239,163
1,170,906
Creditors: amounts falling due within one year
8
208,230
176,160
------------
------------
Net current assets
1,030,933
994,746
------------
------------
Total assets less current liabilities
1,054,609
1,025,161
Provisions
Taxation including deferred tax
1,643
2,298
------------
------------
Net assets
1,052,966
1,022,863
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,052,866
1,022,763
------------
------------
Shareholder funds
1,052,966
1,022,863
------------
------------
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 September 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 member has 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Superfirm Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 9 May 2025 , and are signed on behalf of the board by:
Mrs P Selvakumar
Director
Company registration number: 02081143
Superfirm Limited
Notes to the Financial Statements
Year ended 30 September 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 31A Brandville Gardens, Barkingside, Ilford, Essex, IG6 1JG.
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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
fully amortised over its estimated useful economic life of 10 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Short leasehold property
-
10% straight line
Fixtures, fittings & equipment
-
25% reducing balance
Motor vehicle
-
20% reducing balance
Computer equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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 statement of financial position 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 8 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
95,000
--------
Amortisation
At 1 October 2023 and 30 September 2024
94,999
--------
Carrying amount
At 30 September 2024
1
--------
At 30 September 2023
1
--------
6. Tangible assets
Short leasehold property
Fixtures, fittings and equipment
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost
At 1 October 2023 and 30 September 2024
35,147
134,849
33,779
4,234
208,009
--------
---------
--------
-------
---------
Depreciation
At 1 October 2023
35,146
122,740
16,484
3,225
177,595
Charge for the year
3,027
3,459
253
6,739
--------
---------
--------
-------
---------
At 30 September 2024
35,146
125,767
19,943
3,478
184,334
--------
---------
--------
-------
---------
Carrying amount
At 30 September 2024
1
9,082
13,836
756
23,675
--------
---------
--------
-------
---------
At 30 September 2023
1
12,109
17,295
1,009
30,414
--------
---------
--------
-------
---------
7. Debtors
2024
2023
£
£
Other debtors
20,317
32,009
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,962
14,807
Corporation tax
21,460
16,530
Social security and other taxes
8,197
9,098
Other creditors
167,611
135,725
---------
---------
208,230
176,160
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
62,500
62,500
--------
--------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mrs P Selvakumar
( 51,822)
2,934
( 48,888)
--------
-------
--------
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mrs P Selvakumar
( 58,548)
6,726
( 51,822)
--------
-------
--------