0
false
false
false
false
false
false
false
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false
true
false
false
false
false
false
false
No description of principal activity
2021-01-01
Sage Accounts Production Advanced 2020 - FRS102_2019
4,900
980
980
1,960
2,940
3,920
xbrli:pure
xbrli:shares
iso4217:GBP
11763438
2021-01-01
2021-12-31
11763438
2021-12-31
11763438
2020-12-31
11763438
2020-12-31
11763438
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2021-01-01
2021-12-31
11763438
bus:OrdinaryShareClass1
2021-01-01
2021-12-31
11763438
bus:Director1
2021-01-01
2021-12-31
11763438
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2020-12-31
11763438
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2021-12-31
11763438
core:WithinOneYear
2021-12-31
11763438
core:WithinOneYear
2020-12-31
11763438
core:ShareCapital
2021-12-31
11763438
core:ShareCapital
2020-12-31
11763438
core:RetainedEarningsAccumulatedLosses
2021-12-31
11763438
core:RetainedEarningsAccumulatedLosses
2020-12-31
11763438
core:DevelopmentCostsCapitalisedDevelopmentExpenditure
2020-12-31
11763438
bus:SmallEntities
2021-01-01
2021-12-31
11763438
bus:AuditExempt-NoAccountantsReport
2021-01-01
2021-12-31
11763438
bus:FullAccounts
2021-01-01
2021-12-31
11763438
bus:SmallCompaniesRegimeForAccounts
2021-01-01
2021-12-31
11763438
bus:EntityHasNeverTraded
2021-01-01
2021-12-31
11763438
bus:PrivateLimitedCompanyLtd
2021-01-01
2021-12-31
11763438
bus:OrdinaryShareClass1
2021-12-31
11763438
bus:OrdinaryShareClass1
2020-12-31
COMPANY REGISTRATION NUMBER:
11763438
Filleted Unaudited Accounts
|
|
Statement of Financial Position
|
|
31 December 2021
Fixed assets
Intangible assets
|
4
|
2,940
|
3,920
|
|
|
|
|
Current assets
Stocks
|
458
|
60
|
Debtors
|
5
|
762
|
2,720
|
Cash at bank and in hand
|
597
|
105
|
|
-------
|
-------
|
|
1,817
|
2,885
|
|
|
|
|
Creditors: amounts falling due within one year
|
6
|
52,023
|
29,140
|
|
--------
|
--------
|
Net current liabilities
|
50,206
|
26,255
|
|
--------
|
--------
|
Total assets less current liabilities
|
(
47,266)
|
(
22,335)
|
|
--------
|
--------
|
Net liabilities
|
(
47,266)
|
(
22,335)
|
|
--------
|
--------
|
|
|
|
|
Capital and reserves
Called up share capital
|
7
|
100
|
100
|
Profit and loss account
|
(
47,366)
|
(
22,435)
|
|
--------
|
--------
|
Shareholder deficit
|
(
47,266)
|
(
22,335)
|
|
--------
|
--------
|
|
|
|
|
These accounts 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 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
.
Statement of Financial Position (continued)
|
|
31 December 2021
These accounts were approved by the
board of directors
and authorised for issue on
11 April 2022
, and are signed on behalf of the board by:
Company registration number:
11763438
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ.
2.
Statement of compliance
These accounts 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 accounts 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 accounts 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 the continuing financial support it receives to allow it to meet its ongoing liabilities. As a result of the Coronavirus pandemic the trading performance has not reached the level expected and as such the directors immediate focus will be to sell the remaining stock, whilst giving due consideration to the future trading viability of the company.
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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Website development
|
-
|
20% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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.
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.
4.
Intangible assets
|
Website development
|
|
£
|
Cost
|
|
At 1 January 2021 and 31 December 2021
|
4,900
|
|
-------
|
Amortisation
|
|
At 1 January 2021
|
980
|
Charge for the year
|
980
|
|
-------
|
At 31 December 2021
|
1,960
|
|
-------
|
Carrying amount
|
|
At 31 December 2021
|
2,940
|
|
-------
|
At 31 December 2020
|
3,920
|
|
-------
|
|
|
5.
Debtors
|
2021
|
2020
|
|
£
|
£
|
Trade debtors
|
90
|
2,413
|
Other debtors
|
672
|
307
|
|
----
|
-------
|
|
762
|
2,720
|
|
----
|
-------
|
|
|
|
6.
Creditors:
amounts falling due within one year
|
2021
|
2020
|
|
£
|
£
|
Trade creditors
|
4,244
|
–
|
Social security and other taxes
|
–
|
345
|
Other creditors
|
47,779
|
28,795
|
|
--------
|
--------
|
|
52,023
|
29,140
|
|
--------
|
--------
|
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2021
|
2020
|
|
No.
|
£
|
No.
|
£
|
Ordinary shares of £ 1 each
|
100
|
100
|
100
|
100
|
|
----
|
----
|
----
|
----
|
|
|
|
|
|
8.
Director's advances, credits and guarantees
Throughout the year the company was in receipt of a short term advance from the directors. The amount repayable at the balance sheet date was £41,879 (2020: £21,345). The advance is considered repayable on demand and is interest free.
9.
Related party transactions
The company is a wholly owned subsidiary of parent company Zan Recordings Limited. Ultimate control over the group is maintained by the director and majority shareholder in the parent company. There were no related party transactions or balances to be disclosed under FRS 102 Section 1A.