COMPANY REGISTRATION NUMBER:
15750742
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 May 2025
Fixed assets
Current assets
|
Stocks |
229,484 |
|
Debtors |
6 |
626,703 |
|
Cash at bank and in hand |
11,915 |
|
--------- |
|
868,102 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
830,878 |
|
--------- |
|
Net current assets |
37,224 |
|
-------- |
|
Total assets less current liabilities |
44,143 |
|
-------- |
|
Net assets |
44,143 |
|
-------- |
|
|
|
Capital and reserves
|
Called up share capital |
1 |
|
Profit and loss account |
44,142 |
|
-------- |
|
Shareholders funds |
44,143 |
|
-------- |
|
|
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 period ending 31 May 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 period 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
29 May 2026
, and are signed on behalf of the board by:
Company registration number:
15750742
|
Notes to the Financial Statements |
|
Period ended 31 May 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 Ramus, Ayscough Street, Grimsby, North Lincolnshire, DN31 1TG, United Kingstom.
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 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:
|
Plant and machinery |
- |
20% straight line |
|
Fixtures and fittings |
- |
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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. 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 period amounted to
21
.
5.
Tangible assets
|
Plant and machinery |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
|
Cost |
|
|
|
|
At 1 June 2024 |
– |
– |
– |
|
Additions |
7,309 |
192 |
7,501 |
|
------- |
---- |
------- |
|
At 31 May 2025 |
7,309 |
192 |
7,501 |
|
------- |
---- |
------- |
|
Depreciation |
|
|
|
|
At 1 June 2024 |
– |
– |
– |
|
Charge for the period |
563 |
19 |
582 |
|
------- |
---- |
------- |
|
At 31 May 2025 |
563 |
19 |
582 |
|
------- |
---- |
------- |
|
Carrying amount |
|
|
|
|
At 31 May 2025 |
6,746 |
173 |
6,919 |
|
------- |
---- |
------- |
|
|
|
|
6.
Debtors
|
2025 |
|
£ |
|
Trade debtors |
597,647 |
|
Other debtors |
29,056 |
|
--------- |
|
626,703 |
|
--------- |
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
|
£ |
|
Trade creditors |
166,370 |
|
Corporation tax |
11,863 |
|
Social security and other taxes |
82,651 |
|
Other creditors |
569,994 |
|
--------- |
|
830,878 |
|
--------- |
|
|
8.
Related party transactions
At the year end date, the company owed the directors £25,420. During the period, the company rented equipment from a party connected to the director for a total value of £34,000.