COMPANY REGISTRATION NUMBER:
07828745
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Tangible assets |
6 |
|
34,168 |
10,616 |
|
|
|
|
|
Current assets
|
Stocks |
249,745 |
|
259,495 |
|
Debtors |
178,036 |
|
266,613 |
|
Cash at bank and in hand |
95,432 |
|
102,998 |
|
---------- |
|
---------- |
|
523,213 |
|
629,106 |
|
|
|
|
|
Creditors: amounts falling due within one year |
(
259,022) |
|
(
258,197) |
|
---------- |
|
---------- |
|
Net current assets |
|
264,191 |
370,909 |
|
|
---------- |
---------- |
|
Total assets less current liabilities |
|
298,359 |
381,525 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
(
79,754) |
(
144,306) |
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
(
2,455) |
(
2,017) |
|
|
---------- |
---------- |
|
Net assets |
|
216,150 |
235,202 |
|
|
---------- |
---------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
216,050 |
235,102 |
|
|
---------- |
---------- |
|
Shareholders funds |
|
216,150 |
235,202 |
|
|
---------- |
---------- |
|
|
|
|
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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31st March 2025 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
.
|
Abridged Statement of Financial Position (continued) |
|
31 March 2025
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
8 December 2025
, and are signed on behalf of the board by:
Company registration number:
07828745
|
Notes to the Abridged Financial Statements |
|
Year ended 31st 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 42b Carfax, Horsham, West Sussex, RH12 1EQ.
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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill |
- |
20% straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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 |
- |
12% 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
.
Stocks
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
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.
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
16
(2024:
20
).
5.
Intangible assets
|
£ |
|
Cost |
|
|
At 1st April 2024 and 31st March 2025 |
60,000 |
|
--------- |
|
Amortisation |
|
|
At 1st April 2024 and 31st March 2025 |
60,000 |
|
--------- |
|
Carrying amount |
|
|
At 31st March 2025 |
– |
|
--------- |
|
At 31st March 2024 |
– |
|
--------- |
|
|
6.
Tangible assets
|
£ |
|
Cost |
|
|
At 1st April 2024 |
31,650 |
|
Additions |
25,900 |
|
--------- |
|
At 31st March 2025 |
57,550 |
|
--------- |
|
Depreciation |
|
|
At 1st April 2024 |
21,034 |
|
Charge for the year |
2,348 |
|
--------- |
|
At 31st March 2025 |
23,382 |
|
--------- |
|
Carrying amount |
|
|
At 31st March 2025 |
34,168 |
|
--------- |
|
At 31st March 2024 |
10,616 |
|
--------- |
|
|