Best Abode Ltd

Best Abode Ltd

BEST ABODE LTD - Company Information

Print Friendly Version

2 March 2022 false No description of principal activity Taxfiler 2023.10 true 13949431business:PrivateLimitedCompanyLtd2022-03-022023-03-31 139494312022-03-01 139494312022-03-022023-03-31 13949431business:AuditExemptWithAccountantsReport2022-03-022023-03-31 13949431business:FilletedAccounts2022-03-022023-03-31 139494312023-03-31 13949431business:Director12022-03-022023-03-31 13949431business:RegisteredOffice2022-03-022023-03-31 13949431core:WithinOneYear2023-03-31 13949431core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 13949431core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 13949431core:PreviouslyStatedAmount2023-03-31 13949431business:SmallEntities2022-03-022023-03-31 13949431countries:EnglandWales2022-03-022023-03-31 13949431core:ComputerEquipment2022-03-022023-03-31 13949431core:ComputerEquipment2022-03-01 13949431core:ComputerEquipment2023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13949431 (England and Wales)
Best Abode Ltd Unaudited accounts for the period from 2 March 2022 to 31 March 2023
Best Abode Ltd Unaudited accounts Contents
Page
- 2 -
Best Abode Ltd Company Information for the period from 2 March 2022 to 31 March 2023
Director
Mr Joe Bestwick
Company Number
13949431 (England and Wales)
Registered Office
26 Church Street Great Baddow Chelmsford Essex CM2 7HY
Accountants
Beckett Taylor Limited 63-66 Hatton Garden London EC1N 8LE
- 3 -
Best Abode Ltd Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
4
90 
Current assets
Inventories
437,090 
Cash at bank and in hand
38 
437,128 
Creditors: amounts falling due within one year
5
(446,271)
Net current liabilities
(9,143)
Net liabilities
(9,053)
Capital and reserves
Called up share capital
100 
Profit and loss account
(9,153)
Shareholders' funds
(9,053)
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 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 30 November 2023 and were signed on its behalf by
Mr Joe Bestwick Director Company Registration No. 13949431
- 4 -
Best Abode Ltd Notes to the Accounts for the period from 2 March 2022 to 31 March 2023
1
Statutory information
Best Abode Ltd is a private company, limited by shares, registered in England and Wales, registration number 13949431. The registered office is 26 Church Street, Great Baddow, Chelmsford, Essex, CM2 7HY.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
There was a net deficiency of assets of £9,143 at the balance sheet date, however, the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Computer equipment
25% Reducing Balance
- 5 -
Best Abode Ltd Notes to the Accounts for the period from 2 March 2022 to 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 2 March 2022
- 
Additions
120 
At 31 March 2023
120 
Depreciation
Charge for the period
30 
At 31 March 2023
30 
Net book value
At 31 March 2023
90 
5
Creditors: amounts falling due within one year
2023 
£ 
Loans from directors
444,411 
Accruals
1,860 
446,271 
6
Average number of employees
During the period the average number of employees was 1.
- 6 -