The Limit Ted Company Limited
Statement of financial position
as at 31 March 2023
Tangible assets
10,593
11,151
Cash at bank and in hand
3,372
1,647
Creditors: amounts falling due within one year
(100,320)
(107,183)
Net current liabilities
(96,948)
(105,536)
Total assets less current liabilities
(86,355)
(94,385)
Creditors: amounts falling due after more than one year
(8,667)
-
Provisions for liabilities
Deferred tax
(2,013)
(2,119)
Net liabilities
(97,035)
(96,504)
Called up share capital
100
100
Profit and loss account
(97,135)
(96,604)
Shareholders' funds
(97,035)
(96,504)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2023 and were signed on its behalf by
L Gough
Director
Company Registration No. 06683143
The Limit Ted Company Limited
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
The Limit Ted Company Limited is a private company, limited by shares, registered in England and Wales, registration number 06683143. The registered office is The Corner House, 4 Beaumont Road, Church Stretton, Shropshire, SY6 6BN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% per annum reducing balance on improvements
Motor vehicles
25% per annum reducing balance
Fixtures & fittings
25% per annum reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2022
19,517
4,269
23,786
At 31 March 2023
19,517
4,269
23,786
At 1 September 2022
8,366
4,269
12,635
Charge for the period
558
-
558
At 31 March 2023
8,924
4,269
13,193
At 31 March 2023
10,593
-
10,593
At 31 August 2022
11,151
-
11,151
The Limit Ted Company Limited
Notes to the Accounts
for the period from 1 September 2022 to 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,000
14,566
Loans from directors
95,535
91,783
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the period the average number of employees was 0 (2022: 0).