Registered number
12777668
FN Traders Limited
Filleted Accounts
31 July 2022
FN Traders Limited
Registered number: 12777668
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,227 2,784
Current assets
Stocks 5,250 5,000
Cash at bank and in hand 6,293 712
11,543 5,712
Creditors: amounts falling due within one year 4 (11,319) (6,492)
Net current assets/(liabilities) 224 (780)
Net assets 2,451 2,004
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,351 1,904
Shareholders' funds 2,451 2,004
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Faisal Mehmood
Director
Approved by the board on 13 August 2022
FN Traders Limited
Notes to the Accounts
for the year ended 31 July 2022
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2021 3,480
At 31 July 2022 3,480
Depreciation
At 1 August 2021 696
Charge for the year 557
At 31 July 2022 1,253
Net book value
At 31 July 2022 2,227
At 31 July 2021 2,784
4 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs 32 -
Director's account 10,187 5,892
Other creditors 1,100 600
11,319 6,492
5 Other information
FN Traders Limited is a private company limited by shares and incorporated in England. Its registered office is:
720 Alum Rock Road
Alum Rock
Birmingham
West Midlands
B8 3PP
6 Going concern
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company.
FN Traders Limited 12777668 false 2021-08-01 2022-07-31 2022-07-31 VT Final Accounts April 2022 Faisal Mehmood No description of principal activity 12777668 2020-07-29 2021-07-31 12777668 core:WithinOneYear 2021-07-31 12777668 core:ShareCapital 2021-07-31 12777668 core:RetainedEarningsAccumulatedLosses 2021-07-31 12777668 2021-08-01 2022-07-31 12777668 bus:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 12777668 bus:AuditExemptWithAccountantsReport 2021-08-01 2022-07-31 12777668 bus:Director40 2021-08-01 2022-07-31 12777668 core:PlantMachinery 2021-08-01 2022-07-31 12777668 countries:England 2021-08-01 2022-07-31 12777668 bus:FRS102 2021-08-01 2022-07-31 12777668 bus:FullAccounts 2021-08-01 2022-07-31 12777668 2022-07-31 12777668 core:WithinOneYear 2022-07-31 12777668 core:ShareCapital 2022-07-31 12777668 core:RetainedEarningsAccumulatedLosses 2022-07-31 12777668 core:PlantMachinery 2022-07-31 12777668 2021-07-31 12777668 core:PlantMachinery 2021-07-31 iso4217:GBP xbrli:pure