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NQ6 STAFFCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The company was incorporated on 15 May 2024 and has not yet begun trading. The company is intended to provide staff.
2.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The principal accounting policies have been applied consistently throughout the year and the preceding year and are summarised below:
The company had no cash flows during the year or prior year and has accordingly not produced a Cash Flow Statement.
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Statement of changes in equity
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There have been no changes to equity and accordingly the company has not produced a Statement of Changes in Equity.
The directors have taken advantage of the exemption in paragraph 1.12c of FRS 102 allowing the company not to disclose the summary of financial instruments by the categories specified in paragraph 11.41.
Trade and other receivables
Trade and other receivables are recognised initially at fair value. A provision for impairment is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtor concerned.
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DEBTORS: amounts falling due within one year
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Amounts owed by group undertakings
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Amounts owed by group undertakings are interest-free and repayable on demand.
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