1
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-12-01
Sage Accounts Production Advanced 2024 - FRS102_2024
802
480
160
640
162
322
xbrli:pure
xbrli:shares
iso4217:GBP
13037942
2023-12-01
2024-11-30
13037942
2024-11-30
13037942
2023-11-30
13037942
2022-12-01
2023-11-30
13037942
2023-11-30
13037942
2022-11-30
13037942
bus:Director1
2023-12-01
2024-11-30
13037942
core:WithinOneYear
2024-11-30
13037942
core:WithinOneYear
2023-11-30
13037942
core:ShareCapital
2024-11-30
13037942
core:ShareCapital
2023-11-30
13037942
core:RetainedEarningsAccumulatedLosses
2024-11-30
13037942
core:RetainedEarningsAccumulatedLosses
2023-11-30
13037942
bus:SmallEntities
2023-12-01
2024-11-30
13037942
bus:AuditExemptWithAccountantsReport
2023-12-01
2024-11-30
13037942
bus:SmallCompaniesRegimeForAccounts
2023-12-01
2024-11-30
13037942
bus:PrivateLimitedCompanyLtd
2023-12-01
2024-11-30
13037942
bus:FullAccounts
2023-12-01
2024-11-30
13037942
core:OfficeEquipment
2023-12-01
2024-11-30
13037942
core:OfficeEquipment
2024-11-30
13037942
core:OfficeEquipment
2023-11-30
13037942
core:KeyManagementIndividualGroup1
2023-12-01
2024-11-30
13037942
core:KeyManagementIndividualGroup1
2024-11-30
COMPANY REGISTRATION NUMBER:
13037942
|
Filleted Unaudited Financial Statements |
|
Year ended 30 November 2024
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
Statement of Financial Position |
|
30 November 2024
Fixed assets
|
Tangible assets |
5 |
|
162 |
|
322 |
|
|
|
|
|
|
Current assets
|
Stocks |
13,750 |
|
14,500 |
|
|
Debtors |
6 |
2,927 |
|
– |
|
|
Cash at bank and in hand |
11,785 |
|
12,183 |
|
|
-------- |
|
-------- |
|
|
28,462 |
|
26,683 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
10,170 |
|
10,500 |
|
|
-------- |
|
-------- |
|
|
Net current assets |
|
18,292 |
|
16,183 |
|
|
-------- |
|
-------- |
|
Total assets less current liabilities |
|
18,454 |
|
16,505 |
|
|
-------- |
|
-------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
|
1 |
|
Profit and loss account |
|
18,453 |
|
16,504 |
|
|
-------- |
|
-------- |
|
Shareholders funds |
|
18,454 |
|
16,505 |
|
|
-------- |
|
-------- |
|
|
|
|
|
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 30 November 2024 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) |
|
30 November 2024
These financial statements were approved by the
board of directors
and authorised for issue on
18 August 2025
, and are signed on behalf of the board by:
Company registration number:
13037942
|
Notes to the Financial Statements |
|
Year ended 30 November 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Fair View Close, Gilberdyke, Brough, HU15 2WG, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
(a)
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.
(b)
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it and does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis.
(c)
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. Revenue from the sale of goods is recognised when the sales invoice is issued.
(d)
Current and deferred 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 be paid or recovered 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.
(e)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
(f)
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 |
- |
20% reducing balance |
|
|
|
|
(g)
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.
(h)
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.
(i)
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 December 2023 and 30 November 2024 |
802 |
|
---- |
|
Depreciation |
|
|
At 1 December 2023 |
480 |
|
Charge for the year |
160 |
|
---- |
|
At 30 November 2024 |
640 |
|
---- |
|
Carrying amount |
|
|
At 30 November 2024 |
162 |
|
---- |
|
At 30 November 2023 |
322 |
|
---- |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
2,927 |
– |
|
------- |
---- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
4,216 |
761 |
|
Corporation tax |
735 |
2,140 |
|
Social security and other taxes |
– |
547 |
|
Other creditors |
5,219 |
7,052 |
|
-------- |
-------- |
|
10,170 |
10,500 |
|
-------- |
-------- |
|
|
|
8.
Related party transactions
The
Director
who is also a shareholder had a current account
with the company during the year. At the end of the year the balance owing by the company to the director was £ 5,219
(2023: £7,052)