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Company Registration No. 10437663 (England and Wales)
Fordingbridge Fudge LTD Unaudited accounts for the year ended 31 January 2023
Fordingbridge Fudge LTD Unaudited accounts Contents
Page
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Fordingbridge Fudge LTD Company Information for the year ended 31 January 2023
Director
Michael Offord
Secretary
Sarah Offord
Company Number
10437663 (England and Wales)
Registered Office
16A WAVERLEY ROAD FORDINGBRIDGE SP6 1EX ENGLAND
Accountants
Sarah Branch FIAB 1 Church Street Bentworth Alton Hampshire GU34 5RE
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Fordingbridge Fudge LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,514 
3,945 
Current assets
Inventories
1,002 
3,085 
Debtors
1,995 
5,527 
Cash at bank and in hand
3,456 
4,712 
6,453 
13,324 
Creditors: amounts falling due within one year
(4,947)
(1,539)
Net current assets
1,506 
11,785 
Total assets less current liabilities
6,020 
15,730 
Creditors: amounts falling due after more than one year
(6,469)
(9,097)
Net (liabilities)/assets
(449)
6,633 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(459)
6,623 
Shareholders' funds
(449)
6,633 
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 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 23 October 2023 and were signed on its behalf by
Michael Offord Director Company Registration No. 10437663
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Fordingbridge Fudge LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Fordingbridge Fudge LTD is a private company, limited by shares, registered in England and Wales, registration number 10437663. The registered office is 16A WAVERLEY ROAD, FORDINGBRIDGE, SP6 1EX, ENGLAND.
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.
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:
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
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.
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.
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Fordingbridge Fudge LTD Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
6,244 
400 
6,644 
Additions
2,472 
- 
2,472 
At 31 January 2023
8,716 
400 
9,116 
Depreciation
At 1 February 2022
2,423 
276 
2,699 
Charge for the year
1,861 
42 
1,903 
At 31 January 2023
4,284 
318 
4,602 
Net book value
At 31 January 2023
4,432 
82 
4,514 
At 31 January 2022
3,821 
124 
3,945 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
422 
1,117 
Accrued income and prepayments
1,573 
1,569 
Other debtors
- 
2,841 
1,995 
5,527 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,330 
- 
Trade creditors
706 
1,168 
Taxes and social security
- 
371 
Loans from directors
2,911 
- 
4,947 
1,539 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,469 
9,097 
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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