1530 Ltd - Filleted accounts

Registered number

07205216

1530 Ltd

Filleted Accounts

30 September 2024

1530 Ltd
Registered number:		07205216
Balance Sheet
as at 30 September 2024

Notes			2024		2023

Fixed assets
Tangible assets	3		37,325		36,401

Current assets
Stocks		12,876		13,146
Debtors	4	45,351		70,807
Cash at bank and in hand		45,235		37,504
		103,462		121,457

Creditors: amounts falling due within one year	5	(209,594)		(203,707)

Net current liabilities			(106,132)		(82,250)

Total assets less current liabilities			(68,807)		(45,849)

Creditors: amounts falling due after more than one year	6		(2,933)		(12,333)



Net liabilities			(71,740)		(58,182)

Capital and reserves
Called up share capital			2		2
Profit and loss account			(71,742)		(58,184)

Shareholders' funds			(71,740)		(58,182)

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.




T Stoddard
Director
Approved by the board on 24 September 2025

1530 Ltd
Notes to the Accounts
for the year ended 30 September 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). The accounts have also been prepared on a going concern basis on the grounds that the directors believe that the company will return to profitability.

	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.

	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 alterations			2% reducing balance
	Plant and fixtures			20-25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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 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.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					10		9


3	Tangible fixed assets
		Leasehold alterations		Plant and machinery etc		Fixtures & fittings		Total

	Cost
	At 1 October 2023	39,110		18,807		43,543		101,460
	Additions	-		928		2,774		3,702
	Disposals	-		(517)		(17)		(534)
	At 30 September 2024	39,110		19,218		46,300		104,628

	Depreciation
	At 1 October 2023	8,732		15,241		41,086		65,059
	Charge for the year	608		1,124		1,046		2,778
	On disposals	-		(517)		(17)		(534)
	At 30 September 2024	9,340		15,848		42,115		67,303

	Net book value
	At 30 September 2024	29,770		3,370		4,185		37,325
	At 30 September 2023	30,378		3,566		2,457		36,401


4	Debtors					2024		2023


	Deferred tax asset					11,672		8,948
	Other debtors					33,679		61,859
						45,351		70,807

	Amounts due after more than one year included above					11,672		8,948


5	Creditors: amounts falling due within one year					2024		2023


	Bank loans and overdrafts					7,400		7,400
	Trade creditors					1,318		3,985
	Taxation and social security costs					25,309		16,993
	Other creditors					175,567		175,329
						209,594		203,707


6	Creditors: amounts falling due after one year					2024		2023


	Bank loans					2,933		12,333


7	Loans					2024		2023

	Creditors include:

	Secured bank loans					10,333		19,733

	The bank loan is a Covid Bounce Back Loan and is secured by the UK Government.


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd

	T Stoddard
	Directors current account	26,390		3,927		(22,488)		7,829

	A Shearer
	Directors current account	26,389		3,926		(22,488)		7,827

		52,779		7,853		(44,976)		15,656

9	Controlling party

	The directors consider that there is no controlling party.

10	Other information

	1530 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Cruck Barn
	Cross Street
	Castleton
	Hope Valley
	S33 8WH