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COMPANY REGISTRATION NUMBER: 09957367
Fizzy Peach PR Limited
Filleted Unaudited Financial Statements
31 January 2023
Fizzy Peach PR Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
251
456
Current assets
Debtors
6
713
1,402
Cash at bank and in hand
632
----
-------
713
2,034
Creditors: amounts falling due within one year
7
21,470
19,038
--------
--------
Net current liabilities
20,757
17,004
--------
--------
Total assets less current liabilities
( 20,506)
( 16,548)
Creditors: amounts falling due after more than one year
8
2,712
3,830
--------
--------
Net liabilities
( 23,218)
( 20,378)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 23,318)
( 20,478)
--------
--------
Shareholder deficit
( 23,218)
( 20,378)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Fizzy Peach PR Limited
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 25 October 2023 , and are signed on behalf of the board by:
Mrs C M Quant
Director
Company registration number: 09957367
Fizzy Peach PR Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakleigh, Abbey Road, Llangollen, Denbighshire, LL20 8SS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts are prepared on a going concern basis due to the continued support from the director.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
33% straight line
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors, loans and directors loans. Directors loans (being repayable upon demand), trade debtors, trade creditors and other loans, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 February 2022
1,435
5,916
7,351
Disposals
( 145)
( 145)
-------
-------
-------
At 31 January 2023
1,290
5,916
7,206
-------
-------
-------
Depreciation
At 1 February 2022
1,055
5,840
6,895
Charge for the year
83
76
159
Disposals
( 99)
( 99)
-------
-------
-------
At 31 January 2023
1,039
5,916
6,955
-------
-------
-------
Carrying amount
At 31 January 2023
251
251
-------
-------
-------
At 31 January 2022
380
76
456
-------
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
295
1,350
Other debtors
418
52
----
-------
713
1,402
----
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2,804
1,953
Trade creditors
554
551
Other creditors
18,112
16,534
--------
--------
21,470
19,038
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
2,712
3,830
-------
-------
9. Director's advances, credits and guarantees
In the period the company operated a loan account with the director. The opening balance of which was £15,705 in credit, with net movement of £1,368, leaving a closing credit balance of £17,073. The loan is interest free and repayable on demand.