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Company Registration No. 11863282 (England and Wales)
FOSOLM LIMITED Unaudited accounts for the year ended 31 March 2023
FOSOLM LIMITED Unaudited accounts Contents
Page
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FOSOLM LIMITED Company Information for the year ended 31 March 2023
Directors
Matthew Anthony Malcolm Steven Foster
Company Number
11863282 (England and Wales)
Registered Office
JSM, BRIGHTFIELD BUSINESS HUB BAKEWELL R ORTON SOUTHGATE PETERBOROUGH CAMBRIDGESHIRE PE2 6XU ENGLAND
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
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FOSOLM LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,223 
9,391 
Investment property
92,000 
88,109 
99,223 
97,500 
Current assets
Debtors
- 
866 
Cash at bank and in hand
39,331 
57,230 
39,331 
58,096 
Creditors: amounts falling due within one year
(64,306)
(65,129)
Net current liabilities
(24,975)
(7,033)
Total assets less current liabilities
74,248 
90,467 
Creditors: amounts falling due after more than one year
(76,229)
(72,692)
Provisions for liabilities
Deferred tax
(4,961)
(3,988)
Net (liabilities)/assets
(6,942)
13,787 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,042)
13,687 
Shareholders' funds
(6,942)
13,787 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by
Matthew Anthony Malcolm Director Company Registration No. 11863282
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FOSOLM LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
FOSOLM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11863282. The registered office is JSM, BRIGHTFIELD BUSINESS HUB BAKEWELL R, ORTON SOUTHGATE, PETERBOROUGH, CAMBRIDGESHIRE, PE2 6XU, 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:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
3,773 
9,034 
571 
13,378 
Additions
- 
629 
749 
1,378 
At 31 March 2023
3,773 
9,663 
1,320 
14,756 
Depreciation
At 1 April 2022
754 
3,044 
189 
3,987 
Charge for the year
943 
2,369 
234 
3,546 
At 31 March 2023
1,697 
5,413 
423 
7,533 
Net book value
At 31 March 2023
2,076 
4,250 
897 
7,223 
At 31 March 2022
3,019 
5,990 
382 
9,391 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
88,109 
Net gain from fair value adjustments
3,891 
At 31 March 2023
92,000 
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FOSOLM LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
866 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
5,000 
VAT
6,094 
2,143 
Other creditors
(4,914)
- 
Loans from directors
62,046 
55,145 
Accruals
1,080 
2,841 
64,306 
65,129 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
76,229 
72,692 
9
Loans to directors
During the year loans totalling £61,169.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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