COMPANY REGISTRATION NUMBER:
01265442
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2024
Current assets
|
Debtors |
4 |
88,639 |
|
88,999 |
|
Cash at bank and in hand |
21 |
|
9 |
|
-------- |
|
-------- |
|
88,660 |
|
89,008 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
7,677 |
|
9,256 |
|
-------- |
|
-------- |
|
Net current assets |
|
80,983 |
79,752 |
|
|
-------- |
-------- |
|
Total assets less current liabilities |
|
80,983 |
79,752 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
6 |
|
24,878 |
30,137 |
|
|
-------- |
-------- |
|
Net assets |
|
56,105 |
49,615 |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
50,000 |
50,000 |
|
Profit and loss account |
|
6,105 |
(
385) |
|
|
-------- |
-------- |
|
Shareholders funds |
|
56,105 |
49,615 |
|
|
-------- |
-------- |
|
|
|
|
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
.
|
Statement of Financial Position (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
29 September 2025
, and are signed on behalf of the board by:
Company registration number:
01265442
|
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 & Wales. The address of the registered office is 18 Manor Courtyard, Hughenden Avenue, High Wycombe, Buckinghamshire, HP13 5RE.
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.
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.
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. 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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
9,000 |
6,000 |
|
Other debtors |
79,639 |
82,999 |
|
-------- |
-------- |
|
88,639 |
88,999 |
|
-------- |
-------- |
|
|
|
Within Other debtors is called up share capital not paid of £47,000 (2023:£47,000)
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
5,262 |
5,131 |
|
Corporation tax |
1,455 |
– |
|
Other creditors |
960 |
4,125 |
|
------- |
------- |
|
7,677 |
9,256 |
|
------- |
------- |
|
|
|
Within creditors: amounts falling due within one year is a bank loan of £5,261 (2023: £5,131) which is secured by a partial guarantee from the UK government, which would only apply in the event that the company becomes unable to meet the repayments.
6.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
24,878 |
30,137 |
|
-------- |
-------- |
|
|
|
Creditors due after one year and within five years include a bank loan of £22,412 (2023: £21,859)and creditors due after five years include a bank loan of £2,465.54 (2023: £8,278). The bank loan is secured by a partial guarantee from the UK government, which would only apply in the event that the company becomes unable to meet the repayments.