COMPANY REGISTRATION NUMBER:
12762600
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 July 2025
Current assets
|
Debtors |
5 |
1,698 |
|
600 |
|
Cash at bank and in hand |
89,584 |
|
22,686 |
|
-------- |
|
-------- |
|
91,282 |
|
23,286 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
29,615 |
|
7,864 |
|
-------- |
|
-------- |
|
Net current assets |
|
61,667 |
15,422 |
|
|
-------- |
-------- |
|
Total assets less current liabilities |
|
61,667 |
15,422 |
|
|
-------- |
-------- |
|
Net assets |
|
61,667 |
15,422 |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
1 |
|
Profit and loss account |
|
61,666 |
15,421 |
|
|
-------- |
-------- |
|
Shareholder funds |
|
61,667 |
15,422 |
|
|
-------- |
-------- |
|
|
|
|
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 income statement has not been delivered.
For the year ending 31 July 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 member has 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
24 April 2026
, and are signed on behalf of the board by:
|
Mr H E G Strawson |
|
|
Director |
|
|
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Company registration number:
12762600
|
Notes to the Financial Statements |
|
Year ended 31 July 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 Ulceby Grange, Wootton Road, Ulceby, North Lincolnshire, DN39 6TD.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it it will affect the ability of the company to continue to trade for the foreseeable future. On On this basis, the directors have prepared these financial statements on a going concern basis.
(c)
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. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
(d)
Current & deferred 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 be paid or recovered 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.
(e)
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(f)
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
1,200 |
600 |
|
Other debtors |
498 |
– |
|
------- |
---- |
|
1,698 |
600 |
|
------- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
27,986 |
3,435 |
|
Social security and other taxes |
– |
487 |
|
Directors loan account |
9 |
1,072 |
|
Other creditors |
1,620 |
2,870 |
|
-------- |
------- |
|
29,615 |
7,864 |
|
-------- |
------- |
|
|
|
7.
Related party transactions
During the year the company made available a loan to the director. The maximum balance of the loan was £18,177. Interest has been paid on the loan at the HMRC approved rate. At the year end the balance due to the director totalled £9 (2024 - £1,072). The loan from the director is interest free and repayable on demand.