COMPANY REGISTRATION NUMBER:
03647588
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 December 2024
CURRENT ASSETS
|
Debtors |
5 |
95,596 |
|
96,940 |
|
|
Cash at bank and in hand |
28,667 |
|
57,898 |
|
|
--------- |
|
--------- |
|
|
124,263 |
|
154,838 |
|
|
|
|
|
|
|
|
CREDITORS: amounts falling due within one year |
6 |
46,620 |
|
50,468 |
|
|
--------- |
|
--------- |
|
|
NET CURRENT ASSETS |
|
77,643 |
|
104,370 |
|
|
-------- |
|
--------- |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
77,643 |
|
104,370 |
|
|
-------- |
|
--------- |
|
|
|
|
|
|
CAPITAL AND RESERVES
|
Called up share capital |
7 |
|
48 |
|
48 |
|
Capital redemption reserve |
|
52 |
|
52 |
|
Profit and loss account |
|
77,543 |
|
104,270 |
|
|
-------- |
|
--------- |
|
SHAREHOLDERS FUNDS |
|
77,643 |
|
104,370 |
|
|
-------- |
|
--------- |
|
|
|
|
|
|
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.
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
.
These financial statements were approved by the
board of directors
and authorised for issue on
19 September 2025
, and are signed on behalf of the board by:
Company registration number:
03647588
|
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 Systems House, Central Business Park, Mackadown Lane, Kitts Green, Birmingham, B33 0JL.
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.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
The turnover shown in the profit and loss account represents the value of goods sold in the year, recognised as they are despatched.
Taxation
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. 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 difference that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to
6
(2023:
6
).
5.
DEBTORS
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
91,596 |
94,940 |
|
Other debtors |
4,000 |
2,000 |
|
-------- |
-------- |
|
95,596 |
96,940 |
|
-------- |
-------- |
|
|
|
6.
CREDITORS:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
28,091 |
21,223 |
|
Social security and other taxes |
17,212 |
27,928 |
|
Loan to Redacell |
1,317 |
1,317 |
|
-------- |
-------- |
|
46,620 |
50,468 |
|
-------- |
-------- |
|
|
|
7.
CALLED UP SHARE CAPITAL
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
48 |
48 |
48 |
48 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
8.
CONTROLLING PARTY
The company is a subsidiary of
Somerley Limited
. That company is incorporated in the Isle of Man.