Company Registration No. 08638034 (England and Wales)
Footiescarves.co.uk Limited
Unaudited accounts
for the year ended 31 August 2023
Footiescarves.co.uk Limited
Unaudited accounts
Contents
Footiescarves.co.uk Limited
Company Information
for the year ended 31 August 2023
Company Number
08638034 (England and Wales)
Registered Office
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Footiescarves.co.uk Limited
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
4,776
2,856
Creditors: amounts falling due within one year
(4,120)
(3,754)
Net current assets
1,465
2,067
Total assets less current liabilities
2,519
2,148
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
2,404
2,033
Shareholders' funds
2,504
2,133
For the year ending 31 August 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 8 November 2023 and were signed on its behalf by
Mr R J Holmes
Director
Company Registration No. 08638034
Footiescarves.co.uk Limited
Notes to the Accounts
for the year ended 31 August 2023
Footiescarves.co.uk Limited is a private company, limited by shares, registered in England and Wales, registration number 08638034. The registered office is 2 Exeter Street, New Village Road, Cottingham, East Yorkshire, HU16 4LU, 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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Fixtures & fittings
25% Cost
Computer equipment
25% Cost
Footiescarves.co.uk Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
-
83
83
At 31 August 2023
342
874
1,216
Charge for the year
14
146
160
At 31 August 2023
14
148
162
At 31 August 2023
328
726
1,054
Amounts falling due within one year
Accrued income and prepayments
89
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
480
883
Loans from directors
2,752
1,902
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).