0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 07769045 2023-10-01 2024-09-30 07769045 2024-09-30 07769045 2023-09-30 07769045 2022-10-01 2023-09-30 07769045 2023-09-30 07769045 2022-09-30 07769045 bus:Director1 2023-10-01 2024-09-30 07769045 core:WithinOneYear 2024-09-30 07769045 core:WithinOneYear 2023-09-30 07769045 core:ShareCapital 2024-09-30 07769045 core:ShareCapital 2023-09-30 07769045 core:RetainedEarningsAccumulatedLosses 2024-09-30 07769045 core:RetainedEarningsAccumulatedLosses 2023-09-30 07769045 bus:Director1 2023-09-30 07769045 bus:Director1 2024-09-30 07769045 bus:Director1 2022-09-30 07769045 bus:Director1 2023-09-30 07769045 bus:Director1 2022-10-01 2023-09-30 07769045 bus:SmallEntities 2023-10-01 2024-09-30 07769045 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 07769045 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 07769045 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07769045 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 07769045
Share N Drive Limited
Filleted Unaudited Financial Statements
30 September 2024
Share N Drive Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Current assets
Debtors
4
7
Cash at bank and in hand
15
2
----
----
22
2
Creditors: amounts falling due within one year
5
( 21,327)
( 20,935)
---------
---------
Net current liabilities
( 21,305)
( 20,933)
---------
---------
Total assets less current liabilities
( 21,305)
( 20,933)
---------
---------
Net liabilities
( 21,305)
( 20,933)
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 21,307)
( 20,935)
---------
---------
Shareholders deficit
( 21,305)
( 20,933)
---------
---------
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 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Share N Drive Limited
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 19 June 2025 , and are signed on behalf of the board by:
G Manchester
Director
Company registration number: 07769045
Share N Drive 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 Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
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.
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.
Financial instruments
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. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Debtors
2024
2023
£
£
Other debtors
7
----
----
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,245
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,046
415
Social security and other taxes
11
Other creditors
19,281
19,264
---------
---------
21,327
20,935
---------
---------
6. 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
£
£
£
G Manchester
19,114
17
19,131
---------
----
---------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
G Manchester
19,131
( 17)
19,114
---------
----
---------
7. Related party transactions
The company was under the control of G Manchester throughout the current and previous year. G Manchester is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A.