COMPANY REGISTRATION NUMBER:
13380668
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
31 May 2024
Current assets
|
Debtors |
15,859 |
|
9,425 |
|
Cash at bank and in hand |
4 |
|
553 |
|
-------- |
|
------- |
|
15,863 |
|
9,978 |
|
|
|
|
|
Creditors: amounts falling due within one year |
15,379 |
|
9,868 |
|
-------- |
|
------- |
|
Net current assets |
|
484 |
110 |
|
|
---- |
---- |
|
Total assets less current liabilities |
|
484 |
110 |
|
|
---- |
---- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
1 |
|
Profit and loss account |
|
483 |
109 |
|
|
---- |
---- |
|
Shareholders funds |
|
484 |
110 |
|
|
---- |
---- |
|
|
|
|
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 May 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 members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
5 June 2025
, and are signed on behalf of the board by:
Company registration number:
13380668
|
Notes to the Abridged Financial Statements |
|
Year ended 31 May 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 5 Streetfield Mews, Blackheath, London, SE3 0ER, England.
2.
Statement of compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents work completed during the year.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
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 |
Advances/ (credits) to the director |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr J Sutcliffe |
9,425 |
5,948 |
15,373 |
|
|
------- |
------- |
-------- |
|
|
|
|
|
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
|
|
£ |
£ |
£ |
|
Mr J Sutcliffe |
4,114 |
5,311 |
9,425 |
|
|
------- |
------- |
------- |
|
|
|
|
|
5.
Related party transactions
Included in debtors at the period end 31 May 2023 is an amount of £
15,373
(2023:£9,425) owing by the director
to the company. Interest is received at the HM Revenue and Customs official rate of interest. During the year dividends of £22,300 (2023:£26,200) were paid to the director.