6
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2024-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
06236105
2024-04-01
2025-03-31
06236105
2025-03-31
06236105
2024-03-31
06236105
2023-04-01
2024-03-31
06236105
2024-03-31
06236105
2023-03-31
06236105
core:FurnitureFittings
2024-04-01
2025-03-31
06236105
core:MotorVehicles
2024-04-01
2025-03-31
06236105
bus:Director1
2024-04-01
2025-03-31
06236105
core:WithinOneYear
2025-03-31
06236105
core:WithinOneYear
2024-03-31
06236105
core:AfterOneYear
2025-03-31
06236105
core:AfterOneYear
2024-03-31
06236105
core:ShareCapital
2025-03-31
06236105
core:ShareCapital
2024-03-31
06236105
core:RetainedEarningsAccumulatedLosses
2025-03-31
06236105
core:RetainedEarningsAccumulatedLosses
2024-03-31
06236105
core:BetweenOneFiveYears
2025-03-31
06236105
bus:SmallEntities
2024-04-01
2025-03-31
06236105
bus:AuditExempt-NoAccountantsReport
2024-04-01
2025-03-31
06236105
bus:SmallCompaniesRegimeForAccounts
2024-04-01
2025-03-31
06236105
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
06236105
bus:AbridgedAccounts
2024-04-01
2025-03-31
06236105
core:FurnitureFittingsToolsEquipment
2024-04-01
2025-03-31
COMPANY REGISTRATION NUMBER:
06236105
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Tangible assets |
5 |
|
1,717,250 |
1,771,502 |
|
|
|
|
|
Current assets
|
Debtors |
624,905 |
|
423,304 |
|
Cash at bank and in hand |
375,267 |
|
561,050 |
|
------------- |
|
---------- |
|
1,000,172 |
|
984,354 |
|
|
|
|
|
Creditors: amounts falling due within one year |
523,553 |
|
435,758 |
|
------------- |
|
---------- |
|
Net current assets |
|
476,619 |
548,596 |
|
|
------------- |
------------- |
|
Total assets less current liabilities |
|
2,193,869 |
2,320,098 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
178,774 |
217,232 |
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
410,800 |
384,000 |
|
|
------------- |
------------- |
|
Net assets |
|
1,604,295 |
1,718,866 |
|
|
------------- |
------------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
Profit and loss account |
|
1,604,293 |
1,718,864 |
|
|
------------- |
------------- |
|
Shareholders funds |
|
1,604,295 |
1,718,866 |
|
|
------------- |
------------- |
|
|
|
|
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 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
|
Abridged Statement of Financial Position (continued) |
|
31 March 2025
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 March 2025 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
6 August 2025
, and are signed on behalf of the board by:
Company registration number:
06236105
|
Notes to the Abridged Financial Statements |
|
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 242/242a Farnham Road, Slough, Berkshire, SL1 4XE.
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
Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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:
|
Fixtures and fittings |
- |
20% straight line |
|
Motor vehicles |
- |
25% reducing balance |
|
Equipment |
- |
15% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
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 abridged 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.
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.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2024:
6
).
5.
Tangible assets
|
£ |
|
Cost |
|
|
At 1 April 2024 |
4,419,562 |
|
Additions |
368,367 |
|
Disposals |
(
123,428) |
|
------------- |
|
At 31 March 2025 |
4,664,501 |
|
------------- |
|
Depreciation |
|
|
At 1 April 2024 |
2,648,060 |
|
Charge for the year |
414,119 |
|
Disposals |
(
114,928) |
|
------------- |
|
At 31 March 2025 |
2,947,251 |
|
------------- |
|
Carrying amount |
|
|
At 31 March 2025 |
1,717,250 |
|
------------- |
|
At 31 March 2024 |
1,771,502 |
|
------------- |
|
|
6.
Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets measured at fair value through profit or loss
|
Trade debtors |
300,618 |
170,111 |
|
---------- |
---------- |
|
|
|
7.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2025 |
2024 |
|
£ |
£ |
|
Not later than 1 year |
40,000 |
34,792 |
|
Later than 1 year and not later than 5 years |
66,666 |
– |
|
---------- |
--------- |
|
106,666 |
34,792 |
|
---------- |
--------- |
|
|
|
8.
Director's advances, credits and guarantees
Current assets include interest free loans to the directors of £212,448 (2024 - £72,386). The maximum amount outstanding on loans during the year was £281,827 (2024 - £80,971). £115,500 of the loans were repaid by 6th August 2025.
9.
Related party transactions
Dividends of £295,500 (2024 - £64,000) were paid to the directors during the year. There were no other transactions with related parties undertaken such as are required to be disclosed under FRS 102.