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REGISTERED NUMBER: 04428920 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 March 2023

for

Fosters of Fleet Ltd

Fosters of Fleet Ltd (Registered number: 04428920)






Contents of the Financial Statements
For The Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fosters of Fleet Ltd

Company Information
For The Year Ended 30 March 2023







DIRECTORS: Mr CA Foster
Mrs C A Foster





SECRETARY: Mr CA Foster





REGISTERED OFFICE: The Studio
38 Fleet Rd
Fleet
Hampshire
GU51 4PW





REGISTERED NUMBER: 04428920 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Fosters of Fleet Ltd (Registered number: 04428920)

Balance Sheet
30 March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,768 6,116

CURRENT ASSETS
Debtors 5 22,325 2,814
Cash at bank 5,612 118
27,937 2,932
CREDITORS
Amounts falling due within one year 6 42,843 11,982
NET CURRENT LIABILITIES (14,906 ) (9,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,138

)

(2,934

)

CREDITORS
Amounts falling due after more than one
year

7

(6,555

)

(9,645

)

PROVISIONS FOR LIABILITIES (336 ) (1,162 )
NET LIABILITIES (20,029 ) (13,741 )

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 (21,029 ) (14,741 )
SHAREHOLDERS' FUNDS (20,029 ) (13,741 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Fosters of Fleet Ltd (Registered number: 04428920)

Balance Sheet - continued
30 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





Mr CA Foster - Director


Fosters of Fleet Ltd (Registered number: 04428920)

Notes to the Financial Statements
For The Year Ended 30 March 2023

1. STATUTORY INFORMATION

Fosters of Fleet Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided. Where invoices are issued which cover a period which extends beyond the year end, the relevant proportion is credited to the income statement for the period and the amount in advance is carried forward in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fosters of Fleet Ltd (Registered number: 04428920)

Notes to the Financial Statements - continued
For The Year Ended 30 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 March 2022
and 30 March 2023 30,666 4,418 46,100 7,601 88,785
DEPRECIATION
At 31 March 2022 25,347 4,418 45,303 7,601 82,669
Charge for year 3,551 - 797 - 4,348
At 30 March 2023 28,898 4,418 46,100 7,601 87,017
NET BOOK VALUE
At 30 March 2023 1,768 - - - 1,768
At 30 March 2022 5,319 - 797 - 6,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Trade debtors 2,353 2,372
Other debtors 17,920 -
VAT 1,951 -
Prepayments 101 442
22,325 2,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Bank loans and overdrafts 3,420 3,480
Trade creditors 35,953 1,991
VAT - 3,519
Directors' current accounts 1,960 1,582
Accrued expenses 1,510 1,410
42,843 11,982

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.23 30.3.22
£    £   
Bank loans 6,555 9,645

Fosters of Fleet Ltd (Registered number: 04428920)

Notes to the Financial Statements - continued
For The Year Ended 30 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.3.23 30.3.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 31 March 2022 (14,741 )
Deficit for the year (6,288 )
At 30 March 2023 (21,029 )