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
The Fading Ape Ltd
Company Information
for the year ended 28 February 2023
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
The Fading Ape Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
5,080
3,267
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)
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
The Fading Ape Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 March 2022
-
261
341
602
Charge for the year
63
166
370
599
At 28 February 2023
63
427
711
1,201
At 28 February 2023
253
1,498
3,329
5,080
At 28 February 2022
-
1,111
2,156
3,267
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
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).