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Company Registration No. SC620982 (Scotland)
The Fading Ape Ltd Unaudited accounts for the year ended 28 February 2023
The Fading Ape Ltd Unaudited accounts Contents
Page
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The Fading Ape Ltd Company Information for the year ended 28 February 2023
Director
Ryan Whitelaw
Company Number
SC620982 (Scotland)
Registered Office
7 Braidfauld Place Glasgow G32 8PU Scotland
Accountants
Calculo Ltd Red Tree Magenta 270 Glasgow Road Glasgow G73 1SA
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The Fading Ape Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,080 
3,267 
Current assets
Cash at bank and in hand
22,931 
41,486 
Creditors: amounts falling due within one year
(3,828)
(6,481)
Net current assets
19,103 
35,005 
Total assets less current liabilities
24,183 
38,272 
Creditors: amounts falling due after more than one year
(10,545)
(12,000)
Net assets
13,638 
26,272 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
13,628 
26,262 
Shareholders' funds
13,638 
26,272 
For the year ending 28 February 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 7 November 2023 and were signed on its behalf by
Ryan Whitelaw Director Company Registration No. SC620982
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The Fading Ape Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
The Fading Ape Ltd is a private company, limited by shares, registered in Scotland, registration number SC620982. The registered office is 7 Braidfauld Place, Glasgow, G32 8PU, Scotland.
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
20% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
10% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
- 
1,372 
2,497 
3,869 
Additions
316 
553 
1,543 
2,412 
At 28 February 2023
316 
1,925 
4,040 
6,281 
Depreciation
At 1 March 2022
- 
261 
341 
602 
Charge for the year
63 
166 
370 
599 
At 28 February 2023
63 
427 
711 
1,201 
Net book value
At 28 February 2023
253 
1,498 
3,329 
5,080 
At 28 February 2022
- 
1,111 
2,156 
3,267 
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The Fading Ape Ltd Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,866 
2,131 
Taxes and social security
1,962 
4,350 
3,828 
6,481 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,545 
12,000 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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