121 Comms Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13258871

121 COMMS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

121 COMMS LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4	–	34
Investments	5	1	1
		----	----
		1	35

CURRENT ASSETS

Debtors	6	10,000	7,000
Cash at bank and in hand		6,746	182
		--------	-------
		16,746	7,182

CREDITORS: amounts falling due within one year	7	15,496		6,053
		--------		-------
NET CURRENT ASSETS			1,250		1,129
			-------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,251		1,164
			-------		-------
NET ASSETS			1,251		1,164
			-------		-------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	1,151	1,064
	-------	-------
SHAREHOLDERS FUNDS	1,251	1,164
	-------	-------

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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

121 COMMS LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr P Dunbar

Director

Company registration number: 13258871

121 COMMS LTD

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 5 Wales Street, Rothwell, Kettering, NN14 6JL.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Income 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 pay or recover 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.

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.

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	-	3 years Straight-line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. TANGIBLE ASSETS

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	1,476
	-------
Depreciation
At 1 April 2024	1,442
Charge for the year	34
	-------
At 31 March 2025	1,476
	-------
Carrying amount
At 31 March 2025	–
	-------
At 31 March 2024	34
	-------

5. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	1
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	1
	----
At 31 March 2024	1
	----

The company owns 100% of the issued share capital of 121 Comms Carrier Services Limited. A company incorporated in England and Wales.

6. DEBTORS

	2025	2024
	£	£
Trade debtors	10,000	–
Other debtors	–	7,000
	--------	-------
	10,000	7,000
	--------	-------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,001	–
Corporation tax	149	–
Social security and other taxes	1,339	2,157
Other creditors	4,007	3,896
	--------	-------
	15,496	6,053
	--------	-------