Number 300 Limited Small abridged accounts

false false false false false false false false false true false false false false false false false No description of principal activity 2016-10-01 Sage Accounts Production Advanced 2017 - FRS 481 6,696 xbrli:pure xbrli:shares iso4217:GBP 07352631 2016-10-01 2017-09-30 07352631 2017-09-30 07352631 2015-10-01 2016-09-30 07352631 2016-09-30 07352631 bus:RegisteredOffice 2016-10-01 2017-09-30 07352631 bus:Director1 2016-10-01 2017-09-30 07352631 core:RetainedEarningsAccumulatedLosses 2015-10-01 2016-09-30 07352631 core:RetainedEarningsAccumulatedLosses 2016-10-01 2017-09-30 07352631 core:WithinOneYear 2017-09-30 07352631 core:WithinOneYear 2016-09-30 07352631 core:ShareCapital 2017-09-30 07352631 core:ShareCapital 2016-09-30 07352631 core:RetainedEarningsAccumulatedLosses 2017-09-30 07352631 core:RetainedEarningsAccumulatedLosses 2016-09-30 07352631 core:RestatedAmount 2016-09-30 07352631 core:ShareCapital 2015-10-01 2016-09-30 07352631 bus:Director1 2016-09-30 07352631 bus:Director1 2017-09-30 07352631 bus:Director1 2016-09-30 07352631 bus:Director1 2015-10-01 2016-09-30 07352631 bus:FRS102 2016-10-01 2017-09-30 07352631 bus:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 07352631 bus:AbridgedAccounts 2016-10-01 2017-09-30 07352631 bus:SmallCompaniesRegimeForAccounts 2016-10-01 2017-09-30 07352631 bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30

Statement of Consent to Prepare Abridged Financial Statements

All of the members of Number 300 Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 07352631

Number 300 Limited

Unaudited Abridged Financial Statements

30 September 2017

Number 300 Limited

Abridged Financial Statements

Year ended 30 September 2017

Contents	Page

Director's report	1

Abridged statement of comprehensive income	2

Abridged statement of financial position	3

Statement of changes in equity	4

Notes to the abridged financial statements	5

The following pages do not form part of the abridged financial statements

Detailed abridged income statement	8

Notes to the detailed abridged income statement	9

Number 300 Limited

Director's Report

Year ended 30 September 2017

The director presents his report and the unaudited abridged financial statements of the company for the year ended 30 September 2017 .

Director

The director who served the company during the year was as follows:

R E C Hollington

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 23 January 2018 and signed on behalf of the board by:

R E C Hollington
Director

Registered office:

Exchange House

33 Station Road

Liphook

Hampshire

GU30 7DW

Number 300 Limited

Abridged Statement of Comprehensive Income

Year ended 30 September 2017

	2017	2016
Note	£	£
Gross profit	6,599	13,800

Administrative expenses		5,734	5,332
		-------	--------
Operating profit	4	865	8,468

Interest payable and similar expenses	6	264	98
		-------	--------
Profit before taxation		601	8,370

Tax on profit	120	1,674
	----	-------
Profit for the financial year and total comprehensive income	481	6,696
	----	-------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Number 300 Limited

Abridged Statement of Financial Position

30 September 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	–	800
Cash at bank and in hand	14,115	9,500
	--------	--------
	14,115	10,300

Creditors: amounts falling due within one year	7,238		7,504
	--------		--------
Net current assets		6,877	2,796
		-------	-------
Total assets less current liabilities		6,877	2,796
		-------	-------
Net assets		6,877	2,796
		-------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	6,777	2,696
	-------	-------
Members funds	6,877	2,796
	-------	-------

These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 30 September 2017 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 abridged 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 abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 23 January 2018 , and are signed on behalf of the board by:

R E C Hollington
Director

Company registration number: 07352631

Number 300 Limited

Statement of Changes in Equity

Year ended 30 September 2017

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 October 2015	–	–	–

Profit for the year		6,696	6,696
	----	-------	-------
Total comprehensive income for the year	–	6,696	6,696

Issue of shares	100	–	100
Dividends paid and payable	–	( 4,000)	( 4,000)
	----	-------	-------
Total investments by and distributions to owners	100	( 4,000)	( 3,900)

At 30 September 2016	100	6,296	6,396

Profit for the year		481	481
	----	-------	-------
Total comprehensive income for the year	–	481	481

	----	-------	-------
At 30 September 2017	100	6,777	6,877
	----	-------	-------

Number 300 Limited

Notes to the Abridged Financial Statements

Year ended 30 September 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Exchange House, 33 Station Road, Liphook, Hampshire, GU30 7DW.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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 and deferred 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Operating profit

Operating profit or loss is stated after crediting:

	2017	2016
	£	£
Impairment of trade debtors	800	–
	----	----

5. Staff costs

The average number of persons employed by the company during the year, including the director, amounted to Nil (2016: Nil).

6. Interest payable and similar expenses

	2017	2016
	£	£
Other interest payable and similar charges	264	98
	----	----

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2017
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
R E C Hollington	( 5,278)	7	( 1,294)	( 6,565)
	-------	----	-------	-------

	2016
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
R E C Hollington	–	–	( 5,278)	( 5,278)
	----	----	-------	-------

8. Related party transactions

The company was under the control of Mr R E C Hollington throughout the current and previous year. Mr Hollington is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

9. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.

No transitional adjustments were required in equity or profit or loss for the year.

Number 300 Limited

Management Information

Year ended 30 September 2017

The following pages do not form part of the abridged financial statements.

Number 300 Limited

Detailed Abridged Income Statement

Year ended 30 September 2017

	2017	2016
	£	£
Turnover	6,599	13,800

	-------	--------
Gross profit	6,599	13,800

Overheads

Administrative expenses	5,734	5,332

	-------	--------
Operating profit	865	8,468

Interest payable and similar expenses	264	98

	----	-------
Profit before taxation	601	8,370
	----	-------

Number 300 Limited

Notes to the Detailed Abridged Income Statement

Year ended 30 September 2017

	2017	2016
	£	£

Administrative expenses

Travel and subsistence	65	–
Charitable donations (allowable)	3,850	4,000
Use of home	780	780
Accountancy fees	180	552
Bad debts written off	800	–
Bank charges	59	–
	-------	-------
	5,734	5,332
	-------	-------

Interest payable and similar expenses

Other interest payable and similar charges	264	98
	----	----