This Is Us (Europe) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12194705

THIS IS US (EUROPE) LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 September 2024

THIS IS US (EUROPE) LTD

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

THIS IS US (EUROPE) LTD

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	K Rach
	P Finnan

Registered office	10-12 High Street
	Barnes
	London
	SW13 9LW

Accountants	Wilkins Southworth
	Chartered Certified Accountants
	10-12 High Street
	Barnes
	London
	SW13 9LW

THIS IS US (EUROPE) LTD

STATEMENT OF FINANCIAL POSITION

30 September 2024

	2024		2023
Note	£	£	£

FIXED ASSETS

Tangible assets	5		16,235	26,789

CURRENT ASSETS

Debtors	6	179,921	134,096
Cash at bank and in hand		279,469	164,308
		-----------	-----------
		459,390	298,404

CREDITORS: amounts falling due within one year	7	( 124,740)		( 39,157)
		-----------		-----------
NET CURRENT ASSETS			334,650	259,247
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			350,885	286,036
			-----------	-----------
NET ASSETS			350,885	286,036
			-----------	-----------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	350,785	285,936
	-----------	-----------
SHAREHOLDERS FUNDS	350,885	286,036
	-----------	-----------

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 comprehensive income has not been delivered.

For the year ending 30 September 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 .

THIS IS US (EUROPE) LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

K Rach

Director

Company registration number: 12194705

THIS IS US (EUROPE) LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 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 10-12 High Street, Barnes, London, SW13 9LW.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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.

Income tax

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Equipment	-	20% straight line

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 October 2023	12,371	43,651	56,022
Additions	–	814	814
	---------	---------	---------
At 30 September 2024	12,371	44,465	56,836
	---------	---------	---------
Depreciation
At 1 October 2023	5,214	24,019	29,233
Charge for the year	2,474	8,894	11,368
	---------	---------	---------
At 30 September 2024	7,688	32,913	40,601
	---------	---------	---------
Carrying amount
At 30 September 2024	4,683	11,552	16,235
	---------	---------	---------
At 30 September 2023	7,157	19,632	26,789
	---------	---------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	179,921	123,811
Other debtors	–	10,285
	-----------	-----------
	179,921	134,096
	-----------	-----------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	3,612	–
Corporation tax	66,391	–
Social security and other taxes	44,793	17,744
Other creditors	9,944	21,413
	-----------	---------
	124,740	39,157
	-----------	---------