COMPANY REGISTRATION NUMBER:
02430830
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
31 December 2024
Current assets
|
Debtors |
175,667 |
|
176,051 |
|
Cash at bank and in hand |
1 |
|
16 |
|
--------- |
|
--------- |
|
175,668 |
|
176,067 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5,038 |
|
5,437 |
|
--------- |
|
--------- |
|
Net current assets |
|
170,630 |
170,630 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
170,630 |
170,630 |
|
|
--------- |
--------- |
|
Net assets |
|
170,630 |
170,630 |
|
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
Profit and loss account |
|
170,628 |
170,628 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
170,630 |
170,630 |
|
|
--------- |
--------- |
|
|
|
|
These abridged 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 abridged 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.
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Abridged Statement of Financial Position (continued) |
|
31 December 2024
These abridged 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:
02430830
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Notes to the Abridged 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 5 Castle Court, Castlegate Business Park, Dudley, West Midlands, DY1 4RD.
2.
Statement of compliance
These abridged 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 abridged 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 abridged 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Related party transactions
The company was under control of the directors during the current and previous year. The directors control the company by virtue of a 100% share capital ownership. During the year ended 31 December 2024 the company undertook transactions with it's parent company, Office Options (Midlands) Limited and fellow subsidiary companies, Colour Business Solutions Limited, Butec Business Machines Limited and Photofax Systems Limited. All transactions were on normal commercial terms. Office Options Photofax (Midlands) Ltd Systems Ltd Amount due to - Amount due from 175,667 -
5.
Controlling party
The company is a wholly owned subsidiary of Office Options (Midlands) Limited, a company incorporated in England and Wales.