121 Comms Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13258871

121 COMMS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2026

121 COMMS LTD

STATEMENT OF FINANCIAL POSITION

30 June 2026

	30 Jun 26		31 Mar 25
Note	£	£	£	£

FIXED ASSETS

Investments	5		–		1

CURRENT ASSETS

Debtors	6	400	10,000
Cash at bank and in hand		5,249	6,746
		-------	--------
		5,649	16,746

CREDITORS: amounts falling due within one year	7	2,400		15,496
		-------		--------
NET CURRENT ASSETS			3,249		1,250
			-------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			3,249		1,251
			-------		-------
NET ASSETS			3,249		1,251
			-------		-------

CAPITAL AND RESERVES

Called up share capital fully paid	100	100
Profit and loss account	3,149	1,151
	-------	-------
SHAREHOLDERS FUNDS	3,249	1,251
	-------	-------

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 30 June 2026 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 period 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 .

121 COMMS LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 June 2026

These financial statements were approved by the board of directors and authorised for issue on 7 July 2026 , and are signed on behalf of the board by:

Mr P Dunbar

Director

Company registration number: 13258871

121 COMMS LTD

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 1 APRIL 2025 TO 30 JUNE 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Wales Street, Rothwell, Kettering, NN14 6JL.

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 a non-going concern basis. The company ceased to trade during the year. The financial statements are prepared in sterling, which is the functional currency of the entity.

Income 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 pay or recover 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.

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	-	3 years Straight-line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. TANGIBLE ASSETS

	Equipment
	£
Cost
At 1 April 2025 and 30 June 2026	1,476
	-------
Depreciation
At 1 April 2025 and 30 June 2026	1,476
	-------
Carrying amount
At 30 June 2026	–
	-------
At 31 March 2025	–
	-------

5. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 April 2025	1
Disposals	( 1)
	----
At 30 June 2026	–
	----
Impairment
At 1 April 2025 and 30 June 2026	–
	----

Carrying amount
At 30 June 2026	–
	----
At 31 March 2025	1
	----

The company owns 100% of the issued share capital of 121 Comms Carrier Services Limited. A company incorporated in England and Wales.

6. DEBTORS

	30 Jun 26	31 Mar 25
	£	£
Trade debtors	–	10,000
Other debtors	400	–
	----	--------
	400	10,000
	----	--------

7. CREDITORS: amounts falling due within one year

	30 Jun 26	31 Mar 25
	£	£
Trade creditors	2,400	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	10,001
Corporation tax	–	149
Social security and other taxes	–	1,339
Other creditors	–	4,007
	-------	--------
	2,400	15,496
	-------	--------