2
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
2,472
858
3,330
2,472
125
2,597
733
xbrli:pure
xbrli:shares
iso4217:GBP
04423426
2024-04-01
2025-03-31
04423426
2025-03-31
04423426
2024-03-31
04423426
2023-04-01
2024-03-31
04423426
2024-03-31
04423426
2023-03-31
04423426
bus:OrdinaryShareClass1
2024-04-01
2025-03-31
04423426
bus:Director1
2024-04-01
2025-03-31
04423426
core:FurnitureFittings
2024-03-31
04423426
core:FurnitureFittings
2025-03-31
04423426
core:FurnitureFittings
2024-04-01
2025-03-31
04423426
core:WithinOneYear
2025-03-31
04423426
core:WithinOneYear
2024-03-31
04423426
core:ShareCapital
2025-03-31
04423426
core:ShareCapital
2024-03-31
04423426
core:RetainedEarningsAccumulatedLosses
2025-03-31
04423426
core:RetainedEarningsAccumulatedLosses
2024-03-31
04423426
bus:SmallEntities
2024-04-01
2025-03-31
04423426
bus:AuditExempt-NoAccountantsReport
2024-04-01
2025-03-31
04423426
bus:SmallCompaniesRegimeForAccounts
2024-04-01
2025-03-31
04423426
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
04423426
bus:FullAccounts
2024-04-01
2025-03-31
04423426
bus:OrdinaryShareClass1
2025-03-31
04423426
bus:OrdinaryShareClass1
2024-03-31
COMPANY REGISTRATION NUMBER:
04423426
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
31 March 2025
Fixed assets
Current assets
|
Stocks |
10,526 |
|
11,354 |
|
|
Debtors |
6 |
11,721 |
|
14,046 |
|
|
Cash at bank and in hand |
67,956 |
|
11,988 |
|
|
------- |
|
------- |
|
|
90,203 |
|
37,388 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
(
90,789) |
|
(
53,489) |
|
|
------- |
|
------- |
|
|
Net current liabilities |
|
(
586) |
|
(
16,101) |
|
|
---- |
|
------- |
|
Total assets less current liabilities |
|
147 |
|
(
16,101) |
|
|
---- |
|
------- |
|
Net assets/(liabilities) |
|
147 |
|
(
16,101) |
|
|
---- |
|
------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
8 |
|
100 |
|
100 |
|
Profit and loss account |
|
47 |
|
(
16,201) |
|
|
---- |
|
------- |
|
Shareholder funds/(deficit) |
|
147 |
|
(
16,101) |
|
|
---- |
|
------- |
|
|
|
|
|
|
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 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.
Director's responsibilities:
-
The member has 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
5 August 2025
, and are signed on behalf of the board by:
|
Mr D A Vernon Evans |
|
|
Director |
|
|
|
Company registration number:
04423426
|
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 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Buckinghamshire, HP18 0RA, England.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, with the support of associated companies who have indicated their willingness to provide financial support as would be necessary for the company to meet its obligations as they fall due in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Turnover
Turnover is recognised at the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of Value Added Tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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 |
- |
3 to 4 Year 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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 assets, which include trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables 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 payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Employee benefits Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Tangible assets
|
Fixtures and fittings |
|
£ |
|
Cost |
|
|
At 1 April 2024 |
2,472 |
|
Additions |
858 |
|
------ |
|
At 31 March 2025 |
3,330 |
|
------ |
|
Depreciation |
|
|
At 1 April 2024 |
2,472 |
|
Charge for the year |
125 |
|
------ |
|
At 31 March 2025 |
2,597 |
|
------ |
|
Carrying amount |
|
|
At 31 March 2025 |
733 |
|
------ |
|
At 31 March 2024 |
– |
|
------ |
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
3,869 |
7,953 |
|
Other debtors |
7,852 |
6,093 |
|
------- |
------- |
|
11,721 |
14,046 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
19,795 |
23,848 |
|
Social security and other taxes |
340 |
334 |
|
Deferred income |
|
|
|
Other creditors |
14,654 |
506 |
|
------- |
------- |
|
90,789 |
53,489 |
|
------- |
------- |
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
100 |
100 |
100 |
100 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|