1 June 2024 false No description of principal activity Taxfiler 2024.6 07242758 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 07242758 2024-05-31 07242758 2024-06-01 2025-05-31 07242758 business:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 07242758 business:FilletedAccounts 2024-06-01 2025-05-31 07242758 2025-05-31 07242758 business:Director1 2024-06-01 2025-05-31 07242758 business:Director2 2024-06-01 2025-05-31 07242758 business:RegisteredOffice 2024-06-01 2025-05-31 07242758 2024-05-31 07242758 core:WithinOneYear 2025-05-31 07242758 core:WithinOneYear 2024-05-31 07242758 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 07242758 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 07242758 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 07242758 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 07242758 core:PreviouslyStatedAmount 2025-05-31 07242758 core:PreviouslyStatedAmount 2024-05-31 07242758 business:SmallEntities 2024-06-01 2025-05-31 07242758 countries:EnglandWales 2024-06-01 2025-05-31 07242758 core:MotorVehicles 2024-06-01 2025-05-31 07242758 core:FurnitureFittings 2024-06-01 2025-05-31 07242758 core:ComputerEquipment 2024-06-01 2025-05-31 07242758 core:LandBuildings 2024-05-31 07242758 core:MotorVehicles 2024-05-31 07242758 core:FurnitureFittings 2024-05-31 07242758 core:ComputerEquipment 2024-05-31 07242758 core:LandBuildings 2024-06-01 2025-05-31 07242758 core:LandBuildings 2025-05-31 07242758 core:MotorVehicles 2025-05-31 07242758 core:FurnitureFittings 2025-05-31 07242758 core:ComputerEquipment 2025-05-31 07242758 core:AfterOneYear 2025-05-31 07242758 core:AfterOneYear 2024-05-31 07242758 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07242758 (England and Wales)
1968 Limited Unaudited accounts for the year ended 31 May 2025
1968 Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
1968 Limited Company Information for the year ended 31 May 2025
Directors
Mr B Schur Mrs J Schur
Company Number
07242758 (England and Wales)
Registered Office
44 Priory Park Amble Morpeth Northumberland NE65 0HY England
Accountants
Simpson Accounting Services 38 Kellington Lane Eggborough North Yorkshire DN14 0LB
- 3 -
1968 Limited Accountants' report
Accountants' report to the board of directors of 1968 Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 1968 Limited for the year ended 31 May 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of 1968 Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of 1968 Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1968 Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 1968 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 1968 Limited. You consider that 1968 Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 1968 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Simpson Accounting Services 38 Kellington Lane Eggborough North Yorkshire DN14 0LB 17 February 2026
- 4 -
1968 Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
22,875
7,909
Current assets
Inventories
305
305
Debtors
5
6,331
5,400
Cash at bank and in hand
6,933
229
13,569
5,934
Creditors: amounts falling due within one year
6
(36,353)
(9,073)
Net current liabilities
(22,784)
(3,139)
Net assets
91
4,770
Capital and reserves
Called up share capital
80
80
Profit and loss account
11
4,690
Shareholders' funds
91
4,770
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 February 2026 and were signed on its behalf by
Mr B Schur Director Company Registration No. 07242758
- 5 -
1968 Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
1968 Limited is a private company, limited by shares, registered in England and Wales, registration number 07242758. The registered office is 44 Priory Park, Amble, Morpeth, Northumberland, NE65 0HY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives, depreciation is not provided for in the year of acquisition:
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
-
5,500
10,330
3,397
19,227
Additions
14,719
-
260
1,568
16,547
At 31 May 2025
14,719
5,500
10,590
4,965
35,774
Depreciation
At 1 June 2024
-
4,714
6,604
-
11,318
Charge for the year
-
157
745
679
1,581
At 31 May 2025
-
4,871
7,349
679
12,899
Net book value
At 31 May 2025
14,719
629
3,241
4,286
22,875
At 31 May 2024
-
786
3,726
3,397
7,909
- 6 -
1968 Limited Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
5,400
Accrued income and prepayments
(16,880)
-
(16,880)
5,400
Amounts falling due after more than one year
Other debtors
23,211
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
627
-
Trade creditors
234
660
Taxes and social security
11,600
7,175
Loans from directors
-
758
Accruals
23,892
480
36,353
9,073
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 7 -