14
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 2024 - FRS102_2024
250,000
250,000
117,905
3,979
121,884
87,162
8,325
95,487
26,397
30,743
xbrli:pure
xbrli:shares
iso4217:GBP
04094260
2024-04-01
2025-03-31
04094260
2025-03-31
04094260
2024-03-31
04094260
2023-04-01
2024-03-31
04094260
2024-03-31
04094260
2023-03-31
04094260
core:NetGoodwill
2024-04-01
2025-03-31
04094260
bus:Director1
2024-04-01
2025-03-31
04094260
core:NetGoodwill
2025-03-31
04094260
core:WithinOneYear
2025-03-31
04094260
core:WithinOneYear
2024-03-31
04094260
core:ShareCapital
2025-03-31
04094260
core:ShareCapital
2024-03-31
04094260
core:RetainedEarningsAccumulatedLosses
2025-03-31
04094260
core:RetainedEarningsAccumulatedLosses
2024-03-31
04094260
bus:SmallEntities
2024-04-01
2025-03-31
04094260
bus:AuditExemptWithAccountantsReport
2024-04-01
2025-03-31
04094260
bus:SmallCompaniesRegimeForAccounts
2024-04-01
2025-03-31
04094260
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
04094260
bus:FullAccounts
2024-04-01
2025-03-31
04094260
core:ComputerEquipment
2024-04-01
2025-03-31
04094260
core:ComputerEquipment
2024-03-31
04094260
core:ComputerEquipment
2025-03-31
COMPANY REGISTRATION NUMBER:
04094260
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Tangible assets |
6 |
|
26,397 |
30,743 |
|
|
|
|
|
Current assets
|
Stocks |
36,165 |
|
33,513 |
|
Debtors |
7 |
39,169 |
|
30,518 |
|
Investments |
8 |
– |
|
16 |
|
Cash at bank and in hand |
256,539 |
|
129,720 |
|
--------- |
|
--------- |
|
331,873 |
|
193,767 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
9 |
108,176 |
|
84,792 |
|
--------- |
|
--------- |
|
Net current assets |
|
223,697 |
108,975 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
250,094 |
139,718 |
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
3,369 |
3,747 |
|
|
--------- |
--------- |
|
Net assets |
|
246,725 |
135,971 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
246,625 |
135,871 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
246,725 |
135,971 |
|
|
--------- |
--------- |
|
|
|
|
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 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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
20 August 2025
, and are signed on behalf of the board by:
Company registration number:
04094260
|
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 Riverside House, Brymau 3 Estate, River Lane, Chester, CH4 8RQ.
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.
Investments
Current asset investments are initially recognised at cost and subsequently accounted for at fair value. Gains and losses in value are shown though the profit and loss account. Unless the fair value cannot be measured reliably without undue cost or effort, in which case it is accounted for at cost.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.
Revenue recognition
Turnover represents amounts chargeable in respect of the sale of services to customers, net of Value Added Tax. However, in respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect contracts for on-going services is recognised by reference to the stage of completion.
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:
|
Office Equipment |
- |
25% reducing balance |
|
|
|
|
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.
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 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 instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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.
Particulars of employees
The average number of persons employed by the company during the year amounted to
14
(2024:
16
).
5.
Intangible assets
|
Goodwill |
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
250,000 |
|
--------- |
|
Amortisation |
|
|
At 1 April 2024 and 31 March 2025 |
250,000 |
|
--------- |
|
Carrying amount |
|
|
At 31 March 2025 |
– |
|
--------- |
|
At 31 March 2024 |
– |
|
--------- |
|
|
6.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
|
Cost |
|
|
|
At 1 April 2024 |
117,905 |
117,905 |
|
Additions |
3,979 |
3,979 |
|
--------- |
--------- |
|
At 31 March 2025 |
121,884 |
121,884 |
|
--------- |
--------- |
|
Depreciation |
|
|
|
At 1 April 2024 |
87,162 |
87,162 |
|
Charge for the year |
8,325 |
8,325 |
|
--------- |
--------- |
|
At 31 March 2025 |
95,487 |
95,487 |
|
--------- |
--------- |
|
Carrying amount |
|
|
|
At 31 March 2025 |
26,397 |
26,397 |
|
--------- |
--------- |
|
At 31 March 2024 |
30,743 |
30,743 |
|
--------- |
--------- |
|
|
|
7.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
32,790 |
19,676 |
|
Other debtors |
6,379 |
10,842 |
|
-------- |
-------- |
|
39,169 |
30,518 |
|
-------- |
-------- |
|
|
|
8.
Investments
|
2025 |
2024 |
|
£ |
£ |
|
Investments - Funding Circle |
– |
16 |
|
---- |
---- |
|
|
|
9.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
4,441 |
27,436 |
|
Social security and other taxes |
59,190 |
9,547 |
|
Other creditors |
9,900 |
9,500 |
|
Other creditors |
34,645 |
38,309 |
|
--------- |
-------- |
|
108,176 |
84,792 |
|
--------- |
-------- |
|
|
|
10.
Director's advances, credits and guarantees
During the year the company operated a loan account with the director. At the year end the balance owed to the director was £3,133 (2024 £5,938).