Company Registration No. NI653705 (Northern Ireland)
French Village Group Ltd
Unaudited accounts
for the year ended 31 January 2023
French Village Group Ltd
Unaudited accounts
Contents
French Village Group Ltd
Company Information
for the year ended 31 January 2023
Directors
Ashley Robert French
Amy Elizabeth French
Company Number
NI653705 (Northern Ireland)
Registered Office
32 Montgomery Road
Belfast
BT6 9HL
Northern Ireland
Accountants
Gray + Press Accountants Limited
Unit 4A Channel Wharf
21 Old Channel Road
Belfast
BT3 9DE
French Village Group Ltd
Statement of financial position
as at 31 January 2023
Cash at bank and in hand
41,421
12,250
Creditors: amounts falling due within one year
(44,055)
(48,476)
Net current assets/(liabilities)
249,091
(2,988)
Net assets/(liabilities)
251,615
(2,488)
Called up share capital
600
600
Profit and loss account
251,015
(3,088)
Shareholders' funds
251,615
(2,488)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by
Ashley Robert French
Director
Company Registration No. NI653705
French Village Group Ltd
Notes to the Accounts
for the year ended 31 January 2023
French Village Group Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI653705. The registered office is 32 Montgomery Road, Belfast, BT6 9HL, Northern Ireland.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
10% Straight Line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in shares are included at fair value.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
French Village Group Ltd
Notes to the Accounts
for the year ended 31 January 2023
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Computer equipment
5
Investments
Subsidiary undertakings
Valuation at 1 February 2022
500
Valuation at 31 January 2023
500
Amounts falling due within one year
Amounts due from group undertakings etc.
251,000
-
Accrued income and prepayments
150
-
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,876
6,011
Other creditors
23,483
16,830
French Village Group Ltd
Notes to the Accounts
for the year ended 31 January 2023
8
Average number of employees
During the year the average number of employees was 7 (2022: 3).