130701 Limited
Statement of financial position
as at
31 December 2021
Tangible assets
9,466
9,767
Inventories
72,916
72,916
Cash at bank and in hand
73,816
104,083
Creditors: amounts falling due within one year
(919,030)
(468,196)
Net current liabilities
(620,753)
(195,282)
Total assets less current liabilities
(611,287)
(185,515)
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net liabilities
(661,287)
(235,515)
Called up share capital
8
8
Share premium
99,996
99,996
Profit and loss account
(761,291)
(335,519)
Shareholders' funds
(661,287)
(235,515)
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. 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 24 September 2022 and were signed on its behalf by
Alex Knight
Director
Company Registration No. 04264778
130701 Limited
Notes to the Accounts
for the year ended 31 December 2021
130701 Limited is a private company, limited by shares, registered in England and Wales, registration number 04264778. The registered office is 11 Old Steine, Brighton, East Sussex, BN1 3EJ, England.
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.
These financial statements for the year ended 31 December 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2021
14,257
4,524
18,781
Additions
1,716
1,139
2,855
At 31 December 2021
15,973
5,663
21,636
At 1 January 2021
7,296
1,718
9,014
Charge for the year
2,170
986
3,156
At 31 December 2021
9,466
2,704
12,170
At 31 December 2021
6,507
2,959
9,466
At 31 December 2020
6,961
2,806
9,767
130701 Limited
Notes to the Accounts
for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
101,262
90,443
Amounts due from group undertakings etc.
2,433
3,109
Accrued income and prepayments
695
2,363
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
98,911
65,095
Amounts owed to group undertakings and other participating interests
7,160
154,506
Taxes and social security
2,152
7,491
Other creditors
573,437
-
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 3 (2020: 3).