Company Registration No. 08293572 (England and Wales)
10AM LTD
Unaudited accounts
for the year ended 30 November 2022
10AM LTD
Unaudited accounts
Contents
10AM LTD
Company Information
for the year ended 30 November 2022
Company Number
08293572 (England and Wales)
Registered Office
197 Southfield Road
London
W4 5LB
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
10AM LTD
Statement of financial position
as at 30 November 2022
Cash at bank and in hand
32,552
26,832
Creditors: amounts falling due within one year
(51,660)
(29,665)
Net current liabilities
(19,108)
(2,833)
Net liabilities
(19,108)
(2,833)
Called up share capital
100
100
Profit and loss account
(19,208)
(2,933)
Shareholders' funds
(19,108)
(2,833)
For the year ending 30 November 2022 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 director acknowledges his 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 and authorised for issue on 15 August 2023 and were signed on its behalf by
Alastair Johnson
Director
Company Registration No. 08293572
10AM LTD
Notes to the Accounts
for the year ended 30 November 2022
10AM LTD is a private company, limited by shares, registered in England and Wales, registration number 08293572. The registered office is 197 Southfield Road, London, W4 5LB.
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 year, 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.
On review of the prior year balances, we noted that the revenue balance for the year ending 30th November 2021 was incorrectly understated due to some payments being assigned to the wrong accounting period. To correct this, the following prior year adjustment has been posted in 2021;
Increase Revenue (Pnl) - £10,000
Increase Bank (Asset) - £1,000
Increase Retained Earnings (Equity) - £3,802
Increase VAT (Liability) - £2,000
Increase Dividends (Equity) - £7,198
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
18,291
21,905
Loans from directors
25,592
(790)
10AM LTD
Notes to the Accounts
for the year ended 30 November 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
6
Transactions with related parties
Revenue for the year is charged to Nuggets ltd, a related party to the shareholder Alastair Johnson
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).