COMPANY REGISTRATION NUMBER:
08462306
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 March 2023
Fixed assets
Investments |
5 |
|
147,238 |
228,717 |
|
|
|
|
|
Current assets
Stocks |
309,742 |
|
310,260 |
Cash at bank and in hand |
13,138 |
|
19,918 |
|
--------- |
|
--------- |
|
322,880 |
|
330,178 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
2,256 |
|
2,409 |
|
--------- |
|
--------- |
Net current assets |
|
320,624 |
327,769 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
467,862 |
556,486 |
|
|
--------- |
--------- |
Net assets |
|
467,862 |
556,486 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
781 |
781 |
Share premium account |
|
442,220 |
442,220 |
Capital redemption reserve |
|
4,999 |
4,999 |
Profit and loss account |
|
19,862 |
108,486 |
|
|
--------- |
--------- |
Shareholders funds |
|
467,862 |
556,486 |
|
|
--------- |
--------- |
|
|
|
|
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 31 March 2023 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 year 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
.
Statement of Financial Position (continued) |
|
31 March 2023
These financial statements were approved by the
board of directors
and authorised for issue on
14 December 2023
, and are signed on behalf of the board by:
Company registration number:
08462306
Notes to the Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
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.
Going concern
The financial statements have been prepared under the going concern basis which assumes the company will continue in existence for at least 12 months following the approval of the accounts.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
For the fixed asset investments shown in other investments other than loans, as fair market value can be determined at the balance sheet date, these are measured at fair value with changes in fair value being recognised in the 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.
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 and accounted for 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.
4.
Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to 1 (2022: 1).
5.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 April 2022 |
228,717 |
Revaluations |
(
81,479) |
|
--------- |
At 31 March 2023 |
147,238 |
|
--------- |
Impairment |
|
At 1 April 2022 and 31 March 2023 |
– |
|
--------- |
|
|
Carrying amount |
|
At 31 March 2023 |
147,238 |
|
--------- |
At 31 March 2022 |
228,717 |
|
--------- |
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Social security and other taxes |
6 |
159 |
Other creditors |
2,250 |
2,250 |
|
------- |
------- |
|
2,256 |
2,409 |
|
------- |
------- |
|
|
|