Registered number
10074481
CREDIT LADDER LIMITED
Filleted Accounts
31 December 2024
CREDIT LADDER LIMITED
Registered number: 10074481
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 79,517 99,396
Tangible assets 4 2,354 3,138
81,871 102,534
Current assets
Debtors 5 56,945 54,416
Cash at bank and in hand 360,036 332,565
416,981 386,981
Creditors: amounts falling due within one year 6 (105,914) (121,646)
Net current assets 311,067 265,335
Total assets less current liabilities 392,938 367,869
Creditors: amounts falling due after more than one year 7 (302,000) (302,000)
Net assets 90,938 65,869
Capital and reserves
Called up share capital 216 216
Share premium 100,080 100,080
Profit and loss account (9,358) (34,427)
Shareholders' funds 90,938 65,869
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sheraz A Dar
Director
Approved by the board on 10 June 2025
CREDIT LADDER LIMITED
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tax on profit/loss
Tax on Profit/loss represents the income tax due (or capital gains tax as the case may be) calculated on the taxable income (or gain) after the amount of the loss is deducted, a negative (minus) figure indicates tax payable whereas a positive figure indicates tax repayable.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery Depreciate 25% of net book value
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets including R&D tax credits are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
EMI Scheme details
Date established: August 2019 Scheme number: 06500330283 Size of the EMI pool: 325,437 Ordinary shares
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Development costs
Cost
At 1 January 2024 382,661
At 31 December 2024 382,661
Amortisation
At 1 January 2024 283,265
Provided during the year 19,879
At 31 December 2024 303,144
Net book value
At 31 December 2024 79,517
At 31 December 2023 99,396
Development costs are being amortised at 20% of net book value.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 11,953
At 31 December 2024 11,953
Depreciation
At 1 January 2024 8,815
Charge for the year 784
At 31 December 2024 9,599
Net book value
At 31 December 2024 2,354
At 31 December 2023 3,138
5 Debtors 2024 2023
£ £
Trade debtors 1,850 1,169
Corporation tax 53,807 50,921
Other debtors 1,288 2,326
56,945 54,416
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 58,410 76,247
Taxation and social security costs 35,266 31,764
Accruals 2,992 2,800
Other creditors 9,246 10,835
105,914 121,646
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 302,000 302,000
8 Other information
CREDIT LADDER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Hamilton House
4A The Avenue
London
England
E4 9LD
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