4
false
false
false
false
false
false
false
false
false
false
true
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false
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No description of principal activity
2024-04-01
Sage Accounts Production Advanced 2023 - FRS102_2023
250,620
75,186
25,062
100,248
150,372
175,434
1,375
1,301
2,676
687
669
1,356
1,320
688
xbrli:pure
xbrli:shares
iso4217:GBP
13133071
2024-04-01
2025-03-31
13133071
2025-03-31
13133071
2024-03-31
13133071
2023-04-01
2024-03-31
13133071
2024-03-31
13133071
2023-03-31
13133071
core:NetGoodwill
2024-04-01
2025-03-31
13133071
bus:Director2
2024-04-01
2025-03-31
13133071
core:NetGoodwill
2024-03-31
13133071
core:NetGoodwill
2025-03-31
13133071
core:WithinOneYear
2025-03-31
13133071
core:WithinOneYear
2024-03-31
13133071
core:AfterOneYear
2025-03-31
13133071
core:AfterOneYear
2024-03-31
13133071
core:ShareCapital
2025-03-31
13133071
core:ShareCapital
2024-03-31
13133071
core:RetainedEarningsAccumulatedLosses
2025-03-31
13133071
core:RetainedEarningsAccumulatedLosses
2024-03-31
13133071
core:NetGoodwill
2024-03-31
13133071
bus:SmallEntities
2024-04-01
2025-03-31
13133071
bus:AuditExemptWithAccountantsReport
2024-04-01
2025-03-31
13133071
bus:SmallCompaniesRegimeForAccounts
2024-04-01
2025-03-31
13133071
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
13133071
bus:FullAccounts
2024-04-01
2025-03-31
13133071
core:OfficeEquipment
2024-04-01
2025-03-31
13133071
core:OfficeEquipment
2024-03-31
13133071
core:OfficeEquipment
2025-03-31
COMPANY REGISTRATION NUMBER:
13133071
|
Filleted Unaudited Financial Statements |
|
31 March 2025
Fixed assets
|
Intangible assets |
5 |
150,372 |
175,434 |
|
Tangible assets |
6 |
1,320 |
688 |
|
--------- |
--------- |
|
151,692 |
176,122 |
|
|
|
|
Current assets
|
Debtors |
7 |
47,418 |
52,657 |
|
Cash at bank and in hand |
159,090 |
103,708 |
|
--------- |
--------- |
|
206,508 |
156,365 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
68,739 |
55,470 |
|
--------- |
--------- |
|
Net current assets |
137,769 |
100,895 |
|
--------- |
--------- |
|
Total assets less current liabilities |
289,461 |
277,017 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
24,000 |
24,000 |
|
--------- |
--------- |
|
Net assets |
265,461 |
253,017 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
247,463 |
247,463 |
|
Profit and loss account |
17,998 |
5,554 |
|
--------- |
--------- |
|
Shareholders funds |
265,461 |
253,017 |
|
--------- |
--------- |
|
|
|
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 comprehensive income (including profit and loss account) 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 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 financial statements
.
|
Balance Sheet (continued) |
|
31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
7 August 2025
, and are signed on behalf of the board by:
Company registration number:
13133071
|
Notes to the 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 West End House, Tutts Clump, Reading, Berkshire, RG7 6JU.
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. There are no material judgements, estimates or assumptions
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
10% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
|
Equipment |
- |
25% 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.
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. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2024:
5
).
5.
Intangible assets
|
Goodwill |
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
250,620 |
|
--------- |
|
Amortisation |
|
|
At 1 April 2024 |
75,186 |
|
Charge for the year |
25,062 |
|
--------- |
|
At 31 March 2025 |
100,248 |
|
--------- |
|
Carrying amount |
|
|
At 31 March 2025 |
150,372 |
|
--------- |
|
At 31 March 2024 |
175,434 |
|
--------- |
|
|
6.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 April 2024 |
1,375 |
|
Additions |
1,301 |
|
------- |
|
At 31 March 2025 |
2,676 |
|
------- |
|
Depreciation |
|
|
At 1 April 2024 |
687 |
|
Charge for the year |
669 |
|
------- |
|
At 31 March 2025 |
1,356 |
|
------- |
|
Carrying amount |
|
|
At 31 March 2025 |
1,320 |
|
------- |
|
At 31 March 2024 |
688 |
|
------- |
|
|
7.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
39,757 |
52,457 |
|
Other debtors |
7,661 |
200 |
|
-------- |
-------- |
|
47,418 |
52,657 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
64,886 |
52,217 |
|
Other creditors |
3,853 |
3,253 |
|
-------- |
-------- |
|
68,739 |
55,470 |
|
-------- |
-------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Other creditors |
24,000 |
24,000 |
|
-------- |
-------- |
|
|
|
10.
Directors' advances, credits and guarantees
During the year, a loan of £7,279 was advanced to one of the directors, and interest charged on the loan balance at 2.5%. As at 31 March 2025 £7,461 is outstanding in respect of this loan and will not be repaid before 31 March 2026. In respect of the remaining directors, at 31 March 2025, £25,853 (2024 £25,853) was still owed. £24,000 of this amount is subordinated and shown within creditors due in more than one year as it is not expected to be repaid before 31 March 2026, and the remainder, £1,853 will be repaid before 31 March 2026.
11.
Reserves
The only movements in equity were in respect of the profit for the period and dividends paid. All of the profit and loss account is distributable.