COMPANY REGISTRATION NUMBER:
13676568
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2024
Current assets
|
Debtors |
5 |
79,339 |
85,673 |
|
Cash at bank and in hand |
1,539 |
1,152 |
|
-------- |
-------- |
|
80,878 |
86,825 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
39,277 |
51,735 |
|
-------- |
-------- |
|
Net current assets |
41,601 |
35,090 |
|
-------- |
-------- |
|
Total assets less current liabilities |
41,601 |
35,090 |
|
-------- |
-------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
41,501 |
34,990 |
|
-------- |
-------- |
|
Shareholders funds |
41,601 |
35,090 |
|
-------- |
-------- |
|
|
|
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 December 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
.
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:
13676568
|
Notes to the Financial Statements |
|
Year ended 31 December 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 1250 Kingsway, London, WC2B 6NH, United Kingdom.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
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
1
(2023:
1
).
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
2,449 |
3,549 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
51,890 |
57,116 |
|
Other debtors |
25,000 |
25,008 |
|
-------- |
-------- |
|
79,339 |
85,673 |
|
-------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
6,959 |
21,164 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
32,318 |
30,571 |
|
-------- |
-------- |
|
39,277 |
51,735 |
|
-------- |
-------- |
|
|
|
7.
Related party transactions
The Company has taken advantage of the exemption available under paragraph 1AC.35 of FRS102 not to disclose transactions with fellow wholly-owned group companies.
8.
Parent company
The company is wholly owned subsidiary of Impulse Brands Group Limited, a company incorporated in England and Wales. The company is ultimately under the control of A Khan, the director and majority shareholder in Impulse Brands Group Limited.