COMPANY REGISTRATION NUMBER:
07768783
Filleted Unaudited Financial Statements
|
|
Statement of Financial Position
|
|
30 September 2021
Current assets
Debtors
|
4
|
11,844
|
|
15,314
|
Cash at bank and in hand
|
3,390
|
|
3,206
|
|
-------
|
|
-------
|
|
15,234
|
|
18,520
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
5
|
531
|
|
3,976
|
|
-------
|
|
-------
|
Net current assets
|
|
14,703
|
14,544
|
|
|
-------
|
-------
|
Total assets less current liabilities
|
|
14,703
|
14,544
|
|
|
-------
|
-------
|
Net assets
|
|
14,703
|
14,544
|
|
|
-------
|
-------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
100
|
Profit and loss account
|
|
14,603
|
14,444
|
|
|
-------
|
-------
|
Shareholders funds
|
|
14,703
|
14,544
|
|
|
-------
|
-------
|
|
|
|
|
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 statement of income and retained earnings has not been delivered.
For the year ending 30 September 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act 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
25 November 2021
, and are signed on behalf of the board by:
Company registration number:
07768783
Notes to the Financial Statements
|
|
Year ended 30 September 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 TWJ Partnership LLp, The Moorings, Dane Road Industrial Estate, Sale, Cheshire, M33 7BP, UK.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Debtors
|
2021
|
2020
|
|
£
|
£
|
Trade debtors
|
–
|
1
|
Other debtors
|
11,844
|
15,313
|
|
-------
|
-------
|
|
11,844
|
15,314
|
|
-------
|
-------
|
|
|
|
5.
Creditors:
amounts falling due within one year
|
2021
|
2020
|
|
£
|
£
|
Trade creditors
|
198
|
71
|
Social security and other taxes
|
–
|
36
|
Other creditors
|
333
|
3,869
|
|
---
|
------
|
|
531
|
3,976
|
|
---
|
------
|
|
|
|
6.
Related party transactions
The company was under the control of Mr Mosto throughout the current financial period. Mr Mosto is the managing director and majority shareholder. The company has traded in previous years with Waterfly Srl, a company associated by common control. The company is owed by Waterfly Srl £11,381 (2020 £11,381).