1148 Ltd 15232595 false 2023-10-24 2024-10-31 2024-10-31 The principal activity of the company is IT consulting. Digita Accounts Production Advanced 6.30.9574.0 true true 15232595 2023-10-24 2024-10-31 15232595 2024-10-31 15232595 core:RetainedEarningsAccumulatedLosses 2024-10-31 15232595 core:ShareCapital 2024-10-31 15232595 core:CurrentFinancialInstruments 2024-10-31 15232595 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 15232595 bus:SmallEntities 2023-10-24 2024-10-31 15232595 bus:AuditExemptWithAccountantsReport 2023-10-24 2024-10-31 15232595 bus:FilletedAccounts 2023-10-24 2024-10-31 15232595 bus:SmallCompaniesRegimeForAccounts 2023-10-24 2024-10-31 15232595 bus:RegisteredOffice 2023-10-24 2024-10-31 15232595 bus:Director1 2023-10-24 2024-10-31 15232595 bus:PrivateLimitedCompanyLtd 2023-10-24 2024-10-31 15232595 countries:EnglandWales 2023-10-24 2024-10-31 iso4217:GBP xbrli:pure

Registration number: 15232595

1148 Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Period from 24 October 2023 to 31 October 2024

 

1148 Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

1148 Ltd

Company Information

Director

R Bou Aoun

Registered office

27 Old Gloucester Street
London
WC1N 3AX

Accountants

Burton Sweet
Chartered accountants & business advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

1148 Ltd

(Registration number: 15232595)
Balance Sheet
31 October 2024

Note

2024
£

Current assets

 

Debtors

4

1

Cash at bank and in hand

 

1,091

 

1,092

Creditors: Amounts falling due within one year

5

(1,123)

Net liabilities

 

(31)

Capital and reserves

 

Called up share capital

1

Retained earnings

(32)

Shareholders' deficit

 

(31)

 

1148 Ltd

(Registration number: 15232595)
Balance Sheet
31 October 2024

For the financial period ending 31 October 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 June 2025
 

.........................................
R Bou Aoun
Director

 

1148 Ltd

Notes to the Unaudited Financial Statements
Period from 24 October 2023 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
27 Old Gloucester Street
London
WC1N 3AX

These financial statements were authorised for issue by the director on 24 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

1148 Ltd

Notes to the Unaudited Financial Statements
Period from 24 October 2023 to 31 October 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

1148 Ltd

Notes to the Unaudited Financial Statements
Period from 24 October 2023 to 31 October 2024

4

Debtors

2024
£

Other debtors

1

1

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

750

Other creditors

373

1,123