COMPANY REGISTRATION NUMBER:
15290159
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
30 November 2025
Fixed assets
Current assets
|
Stocks |
7,500 |
|
2,000 |
|
Debtors |
6 |
11,303 |
|
11,828 |
|
Cash at bank and in hand |
15,239 |
|
38,280 |
|
-------- |
|
-------- |
|
34,042 |
|
52,108 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
43,604 |
|
52,174 |
|
-------- |
|
-------- |
|
Net current liabilities |
|
9,562 |
66 |
|
|
------- |
---- |
|
Total assets less current liabilities |
|
(
9,480) |
92 |
|
|
------- |
---- |
|
Net (liabilities)/assets |
|
(
9,480) |
92 |
|
|
------- |
---- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
(
9,580) |
(
8) |
|
|
------- |
---- |
|
Shareholders (deficit)/funds |
|
(
9,480) |
92 |
|
|
------- |
---- |
|
|
|
|
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 30 November 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 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 financial statements
.
|
Statement of Financial Position (continued) |
|
30 November 2025
These financial statements were approved by the
board of directors
and authorised for issue on
10 July 2026
, and are signed on behalf of the board by:
Company registration number:
15290159
|
Notes to the Financial Statements |
|
Year ended 30 November 2025
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Unit 5, 227 Derby Ro, Chaddesden, Derby, DE21 6SY.
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.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In the opinion of the directors, the company remains a going concern due to continuing support from the directors and related parties and the accounts have been prepared on that basis. Should this cease to be the case, the assets and liabilities would need to be restated to their recoverable amounts.
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.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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
3
(2024:
3
).
5.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 December 2024 and 30 November 2025 |
|
|
---- |
|
Depreciation |
|
|
At 1 December 2024 |
|
|
Charge for the year |
|
|
---- |
|
At 30 November 2025 |
|
|
---- |
|
Carrying amount |
|
|
At 30 November 2025 |
|
|
---- |
|
At 30 November 2024 |
|
|
---- |
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
8,443 |
5,705 |
|
Other debtors |
2,860 |
6,123 |
|
-------- |
-------- |
|
11,303 |
11,828 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
4,695 |
721 |
|
Social security and other taxes |
10,292 |
15,666 |
|
Other creditors |
28,617 |
35,787 |
|
-------- |
-------- |
|
43,604 |
52,174 |
|
-------- |
-------- |
|
|
|
8.
Directors' advances, credits and guarantees
At the balance sheet date, the company owed £26,684 (2024: 26,604) to the directors. The Directors' loans are interest free and repayable on demand.