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REGISTERED NUMBER: 13835265 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Fosseways Ltd

Fosseways Ltd (Registered number: 13835265)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fosseways Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A B Foyster





REGISTERED OFFICE: Office 28
Autumn Park Business Centre
Dysart Road
Grantham
Lincolnshire
NG31 7EU





REGISTERED NUMBER: 13835265 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Fosseways Ltd (Registered number: 13835265)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 319 2,489

CURRENT ASSETS
Debtors 5 146,385 45,480
Cash at bank 2,492 6,225
148,877 51,705
CREDITORS
Amounts falling due within one year 6 80,199 37,356
NET CURRENT ASSETS 68,678 14,349
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,997

16,838

PROVISIONS FOR LIABILITIES 67 73
NET ASSETS 68,930 16,765

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 67,930 15,765
SHAREHOLDERS' FUNDS 68,930 16,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 March 2024 and were signed by:





A B Foyster - Director


Fosseways Ltd (Registered number: 13835265)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Fosseways 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, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance
Motor vehicles - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 2 ) .

Fosseways Ltd (Registered number: 13835265)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 499 2,250 2,749
Disposals - (2,250 ) (2,250 )
At 31 January 2024 499 - 499
DEPRECIATION
At 1 February 2023 73 187 260
Charge for year 107 681 788
Eliminated on disposal (868 ) - (868 )
At 31 January 2024 (688 ) 868 180
NET BOOK VALUE
At 31 January 2024 1,187 (868 ) 319
At 31 January 2023 426 2,063 2,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 144,365 38,261
Amounts owed by group undertakings 1,500 1,000
Other debtors 520 6,219
146,385 45,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,833 27,548
Taxation and social security 24,441 8,108
Other creditors 32,925 1,700
80,199 37,356

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary Shares £1 1,000 1,000