| Backcrack Limited |
| Registered number: |
03087179 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
500,000 |
|
|
500,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
27,603 |
|
|
29,835 |
|
| Creditors: amounts falling due within one year |
4 |
|
(4,757) |
|
|
(4,722) |
|
| Net current assets |
|
|
|
22,846 |
|
|
25,113 |
|
| Total assets less current liabilities |
|
|
|
522,846 |
|
|
525,113 |
|
|
| Provisions for liabilities |
|
|
|
(31,243) |
|
|
(31,243) |
|
|
| Net assets |
|
|
|
491,603 |
|
|
493,870 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Revaluation reserve |
5 |
|
|
243,370 |
|
|
243,370 |
| Profit and loss account |
|
|
|
247,233 |
|
|
249,500 |
|
| Shareholders' funds |
|
|
|
491,603 |
|
|
493,870 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| F Karmali |
| Director |
| Approved by the board on 27 August 2025 |
|
| Backcrack Limited |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
| 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 represents the value of rent receivable. |
|
|
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: |
|
|
Investment Property |
Not Depreciated |
|
|
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 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. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 February 2024 |
500,000 |
|
At 31 January 2025 |
500,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 January 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
500,000 |
|
At 31 January 2024 |
500,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
255,387 |
|
255,387 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
255,387 |
|
255,387 |
|
Land and Buildings shown above comprises of investment property at a valuation of £500000 (2024: £500000) on an open market basis made by the director Mr F Karmali as at 31.01.2025. No depreciation is charged on these investment properties as it is necessary to show a true and fair view contrary to the requirement of the Companies Act 2006. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
3,797 |
|
3,822 |
|
Other creditors |
960 |
|
900 |
|
|
|
|
|
|
4,757 |
|
4,722 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 February 2024 |
243,370 |
|
249,523 |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(6,153) |
|
|
At 31 January 2025 |
243,370 |
|
243,370 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Backcrack Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
72 Plumstead High St |
|
Plumstead |
|
London |
|
SE18 1SL |