Company registration number:
06352368
COMPANY DEBT LTD
Unaudited filleted financial statements
31 December 2024
COMPANY DEBT LTD
Contents
Statement of financial position and notes to the financial statements
COMPANY DEBT LTD
Statement of financial position
31 December 2024
|
|
|
2024 |
|
|
2023 |
|
|
|
|
£ |
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
391 |
|
|
588 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
|
Current assets |
|
|
71,721 |
|
|
69,688 |
|
|
Prepayments and accrued income |
|
|
109 |
|
|
- |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
71,830 |
|
|
69,688 |
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
|
|
|
(
41,050) |
|
|
(
37,230) |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
|
Net current assets |
|
|
|
30,780 |
|
|
32,458 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
|
Total assets less current liabilities |
|
|
|
31,171 |
|
|
33,046 |
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
|
|
(
4,122) |
|
|
(
12,214) |
|
|
|
|
|
|
|
|
|
Accruals and deferred income |
|
|
|
(
3,585) |
|
|
(
3,415) |
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
_______ |
|
Net assets |
|
|
|
23,464 |
|
|
17,417 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
23,464 |
|
|
17,417 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
Notes to the financial statements
COMPANY DEBT LTD
Year ended 31 December 2024
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2023:
5
).
2.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr M J Smith |
(
300) |
- |
(
300) |
|
|
|
|
Mr A J Smith |
(
1,909) |
52 |
(
1,857) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
(
2,209) |
52 |
(
2,157) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr M J Smith |
(
300) |
- |
(
300) |
|
|
|
|
Mr A J Smith |
(
1,909) |
- |
(
1,909) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
(
2,209) |
- |
(
2,209) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
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|
|
3.
Other debtors
Other debtors of £55,000 is owed by AABRS Limited as part-payment for past work completed for ABBRS Limited. Given the current economic climate and the dependency on the company, the Board of Directors decided to allow the company time to pay with the situation being reviewed quarterly.
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 responsiblities:
-
The members have not required the company to obtain an audit of its accounts 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 accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
24 September 2025
, and are signed on behalf of the board by:
Mr M J Smith
Director
Company registration number:
06352368
The company is a private company limited by shares, registered in England. The address of the registered office is Company Debt Limited, Level 18, 40 Bank Street, LONDON, E14 5NR.