1 February 2022 false No description of principal activity Taxfiler 2023.9.1 NI653705business:PrivateLimitedCompanyLtd2022-02-012023-01-31 NI6537052022-01-31 NI6537052022-02-012023-01-31 NI653705business:AuditExemptWithAccountantsReport2022-02-012023-01-31 NI653705business:FilletedAccounts2022-02-012023-01-31 NI6537052023-01-31 NI653705business:Director12022-02-012023-01-31 NI653705business:Director22022-02-012023-01-31 NI653705business:RegisteredOffice2022-02-012023-01-31 NI6537052022-01-31 NI653705core:WithinOneYear2023-01-31 NI653705core:WithinOneYear2022-01-31 NI653705core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 NI653705core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 NI653705core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 NI653705core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 NI653705core:PreviouslyStatedAmount2023-01-31 NI653705core:PreviouslyStatedAmount2022-01-31 NI653705business:SmallEntities2022-02-012023-01-31 NI653705countries:NorthernIreland2022-02-012023-01-31 NI653705core:ComputerEquipment2022-02-012023-01-31 NI653705core:ComputerEquipment2022-01-31 NI653705core:ComputerEquipment2023-01-31 NI6537052021-02-012022-01-31 iso4217:GBP xbrli:pure
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
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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
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French Village Group Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,024 
- 
Investments
500 
500 
2,524 
500 
Current assets
Debtors
251,725 
33,238 
Cash at bank and in hand
41,421 
12,250 
293,146 
45,488 
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)
Capital and reserves
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
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French Village Group Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
3
Accounting policies
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.
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 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
Pension costs
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
Investments in shares are included at fair value.
Foreign exchange
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.
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French Village Group Ltd Notes to the Accounts for the year ended 31 January 2023
Leased assets
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 
£ 
Cost or valuation
At cost 
At 1 February 2022
- 
Additions
2,207 
At 31 January 2023
2,207 
Depreciation
Charge for the year
183 
At 31 January 2023
183 
Net book value
At 31 January 2023
2,024 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 February 2022
500 
Valuation at 31 January 2023
500 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
252 
33,238 
Amounts due from group undertakings etc.
251,000 
- 
Accrued income and prepayments
150 
- 
Other debtors
323 
- 
251,725 
33,238 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,178 
10,812 
Trade creditors
18 
- 
Taxes and social security
8,876 
6,011 
Other creditors
23,483 
16,830 
Accruals
1,500 
14,823 
44,055 
48,476 
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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).
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