COMPANY REGISTRATION NUMBER:
16094047
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2025
Current assets
|
Stocks |
84,081 |
|
Debtors |
5 |
17,786 |
|
Cash at bank and in hand |
23,294 |
|
--------- |
|
125,161 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
117,368 |
|
--------- |
|
Net current assets |
7,793 |
|
------- |
|
Total assets less current liabilities |
7,793 |
|
------- |
|
Net assets |
7,793 |
|
------- |
|
|
|
Capital and reserves
|
Called up share capital |
100 |
|
Profit and loss account |
7,693 |
|
------- |
|
Shareholders funds |
7,793 |
|
------- |
|
|
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 comprehensive income has not been delivered.
For the period ending 31 December 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 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
19 August 2026
, and are signed on behalf of the board by:
|
Gary Benjamin Smyth |
Jamie Lee Smyth |
|
Director |
Director |
|
|
Company registration number:
16094047
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Notes to the Financial Statements |
|
Period from 21 November 2024 to 31 December 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 56 Fore Street, Redruth, Cornwall, United Kingdom, TR15 2AQ.
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 under the historical cost convention.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivables, excluding discounts, rebates, value added tax and other sales taxes. Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is portable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Income tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the statement of financial position date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Stocks
Inventories are measured at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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
14
.
5.
Debtors
|
31 Dec 25 |
|
£ |
|
Other debtors |
17,786 |
|
-------- |
|
|
6.
Creditors:
amounts falling due within one year
|
31 Dec 25 |
|
£ |
|
Corporation tax |
1,835 |
|
Other creditors |
115,533 |
|
--------- |
|
117,368 |
|
--------- |
|
|
7.
Related party transactions
Included within other creditors is an amount owing to Actjack Limited of £110,473. Also included within other creditors is an amount owing to Jims (South West) Limited of £1,882. Also included within other creditors is an amount owing to Jims BD Limited of £2,378.