COMPANY REGISTRATION NUMBER:
13471493
FILLETED FINANCIAL STATEMENTS |
|
30 June 2022
Current assets
Stocks |
18,051 |
|
Debtors |
5 |
3,610 |
|
|
------- |
|
|
21,661 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
2,500 |
|
|
------- |
|
Net current assets |
|
19,161 |
|
|
------- |
Total assets less current liabilities |
|
19,161 |
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
21,561 |
|
|
------- |
Net liabilities |
|
(
2,400) |
|
|
------- |
|
|
|
|
Capital and reserves
Called up share capital |
8 |
|
100 |
Profit and loss account |
|
(
2,500) |
|
|
------ |
Shareholders deficit |
|
(
2,400) |
|
|
------ |
|
|
|
|
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 profit and loss account has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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
21 June 2023
, and are signed on behalf of the board by:
Company registration number:
13471493
NOTES TO THE FINANCIAL STATEMENTS |
|
PERIOD FROM 22 JUNE 2021 TO 30 JUNE 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, Buckinghamshire, HP18 0RA, England.
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
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
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
Basic financial assets, which include receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
6
.
5.
Debtors
|
30 Jun 22 |
|
£ |
Other debtors |
3,610 |
|
------ |
|
|
6.
Creditors:
amounts falling due within one year
|
30 Jun 22 |
|
£ |
Other creditors |
2,500 |
|
------ |
|
|
7.
Creditors:
amounts falling due after more than one year
|
30 Jun 22 |
|
£ |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
21,561 |
|
------- |
|
|
8.
Called up share capital
Issued, called up and fully paid
|
30 Jun 22 |
|
No. |
£ |
Ordinary shares of £ 0.01 each |
10,000 |
100 |
|
------- |
---- |
|
|
|
9.
Summary audit opinion
The auditor's report for the period dated
21 June 2023
was
unqualified
.
The senior statutory auditor was
J D White
, for and on behalf of
EK & Co 2003 Ltd
.