COMPANY REGISTRATION NUMBER:
11864850
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Tangible assets |
5 |
4,041 |
2,374 |
|
|
|
|
Current assets
|
Debtors |
6 |
59,793 |
82,861 |
|
Cash at bank and in hand |
51,223 |
33,042 |
|
--------- |
--------- |
|
111,016 |
115,903 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
82,717 |
72,844 |
|
--------- |
--------- |
|
Net current assets |
28,299 |
43,059 |
|
-------- |
-------- |
|
Total assets less current liabilities |
32,340 |
45,433 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
26,839 |
31,274 |
|
-------- |
-------- |
|
Net assets |
5,501 |
14,159 |
|
-------- |
-------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
100 |
100 |
|
Profit and loss account |
5,401 |
14,059 |
|
------- |
-------- |
|
Shareholders funds |
5,501 |
14,159 |
|
------- |
-------- |
|
|
|
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 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
5 November 2025
, and are signed on behalf of the board by:
Company registration number:
11864850
|
Notes to the Financial Statements |
|
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. For the rendering of services, revenue is recognised when the services are transferred. When the outcome of a transaction can be estimated reliably, revenue is recognised based on the stage of completion of the transaction at the end of the reporting period. If the outcome of the transaction involving the rendering of services cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Income tax
The taxation expense represents the aggregate amount of current 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.
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.
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:
|
Equipment |
- |
20% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
3
).
5.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 April 2024 |
3,826 |
|
Additions |
2,432 |
|
------- |
|
At 31 March 2025 |
6,258 |
|
------- |
|
Depreciation |
|
|
At 1 April 2024 |
1,452 |
|
Charge for the year |
765 |
|
------- |
|
At 31 March 2025 |
2,217 |
|
------- |
|
Carrying amount |
|
|
At 31 March 2025 |
4,041 |
|
------- |
|
At 31 March 2024 |
2,374 |
|
------- |
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
35,065 |
31,287 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
24,690 |
51,431 |
|
Other debtors |
38 |
143 |
|
-------- |
-------- |
|
59,793 |
82,861 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
4,850 |
5,252 |
|
Trade creditors |
33,879 |
48,587 |
|
Corporation tax |
1,612 |
3,570 |
|
Social security and other taxes |
19,656 |
9,260 |
|
Other creditors |
22,720 |
6,175 |
|
-------- |
-------- |
|
82,717 |
72,844 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
26,839 |
31,274 |
|
-------- |
-------- |
|
|
|
9.
Related party transactions
At the year end date, the company owed the directors £412 (2024: £412)
10.
Controlling party
As of 2 October 2024, the ultimate parent company is
Tetrus Solutions Limited
(09702317), a company registered in England and Wales. The registered address of the ultimate controlling party is: Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN
. The previous ultimate controlling party was Easitect Limited (11142071), until control was transferred to Tetrus Solutions Limited on 2 October 2024.