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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Kemp House, 124 City Road, London, EC1V 2NX. |
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(2) Statement of compliance
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| These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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(4) Employees
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| During the year, the average number of employees including director was 2 (2023 : 2). |
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(5) Debtors
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Amounts falling due within one year
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Other Debtors consist of the following:
Loans to Directors – £4,928 VAT – £3,368 HMRC – £236 Other Debtors – £308 | | | 2024 | | 2023 | | £ | | £ | | | | | | | Other debtors | 8,839 | | 22,020 | | | | | | 8,839 | | 22,020 |
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(6) Creditors: Amounts falling due within one year
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| | | 2024 | | 2023 | | £ | | £ | | | Trade creditors | 70,231 | | - | | Bank loans and overdrafts | 81,838 | | 78,735 | | | | | | | | | | Other creditors | - | | 11,751 | | Accruals and deferred income | 829 | | 830 | | 152,898 | | 91,316 |
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(7) Creditors: Amounts falling due after more than one year
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| | | 2024 | | 2023 | | £ | | £ | | | Bank loans and overdrafts | 1,177 | | 4,011 | | | | | | | | | | 1,177 | | 4,011 |
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(8) Directors advances, credit and guarantees
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Loans to the directors during the Reporting Period:
Opening Balance as at 31/12/2023 £20,000 Closing Balance as at 31/12/2024 £4,928
Repayments made during the reporting period £20,000 Loans made during the reporting period £4,928
The loan is non interest bearing The loan is repayable on demand |
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