REGISTERED NUMBER: 10502002 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

No 78 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Kerley

REGISTERED OFFICE:

54 St Marys Lane

Upminster

Essex

RM14 2QP

REGISTERED NUMBER:

10502002 (England and Wales)

FIXED ASSETS

Tangible assets

4

16,794

18,126

CURRENT ASSETS

Debtors

5

13,647

7,442

Cash at bank and in hand

29,796

51,011

43,443

58,453

CREDITORS

Amounts falling due within one year

6

28,899

23,824

NET CURRENT ASSETS

14,544

34,629

TOTAL ASSETS LESS CURRENT LIABILITIES

31,338

52,755

PROVISIONS FOR LIABILITIES

1,587

1,217

NET ASSETS

29,751

51,538

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

29,551

51,338

SHAREHOLDERS' FUNDS

29,751

51,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

D Kerley - Director

1.	STATUTORY INFORMATION

No 78 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

6,667

18,648

25,315

Additions

-

2,892

2,892

At 31 March 2025

6,667

21,540

28,207

DEPRECIATION

At 1 April 2024

774

6,415

7,189

Charge for year

667

3,557

4,224

At 31 March 2025

1,441

9,972

11,413

NET BOOK VALUE

At 31 March 2025

5,226

11,568

16,794

At 31 March 2024

5,893

12,233

18,126

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

13,647

7,200

Other debtors

-

242

13,647

7,442

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

27,142

22,174

Other creditors

1,757

1,650

28,899

23,824

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

200

Ordinary

£1

200

200

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The loan is repayable on demand. Interest is charged at approved Revenue rates where applicable.