IRIS Accounts Production v23.1.0.753 09802540 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure098025402022-03-31098025402023-03-31098025402022-04-012023-03-31098025402021-03-31098025402021-04-012022-03-31098025402022-03-3109802540ns15:EnglandWales2022-04-012023-03-3109802540ns14:PoundSterling2022-04-012023-03-3109802540ns10:Director12022-04-012023-03-3109802540ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109802540ns10:SmallEntities2022-04-012023-03-3109802540ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109802540ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109802540ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3109802540ns10:FullAccounts2022-04-012023-03-3109802540ns10:RegisteredOffice2022-04-012023-03-3109802540ns5:CurrentFinancialInstruments2023-03-3109802540ns5:CurrentFinancialInstruments2022-03-3109802540ns5:ShareCapital2023-03-3109802540ns5:ShareCapital2022-03-3109802540ns5:RetainedEarningsAccumulatedLosses2023-03-3109802540ns5:RetainedEarningsAccumulatedLosses2022-03-3109802540ns5:FurnitureFittings2022-04-012023-03-3109802540ns5:FurnitureFittings2022-03-3109802540ns5:FurnitureFittings2023-03-3109802540ns5:FurnitureFittings2022-03-3109802540ns5:RetainedEarningsAccumulatedLosses2022-03-3109802540ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 09802540 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Frederick Charles Art Limited

Frederick Charles Art Limited (Registered number: 09802540)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frederick Charles Art Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: E Mustafa





REGISTERED OFFICE: Ground Floor
41 Station Approach
Hayes
Bromley
BR2 7EB





REGISTERED NUMBER: 09802540 (England and Wales)





ACCOUNTANTS: N L Tuchband & Co
Chartered Certified Accountants
925 Finchley Road
London
NW11 7PE

Frederick Charles Art Limited (Registered number: 09802540)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,980 3,973

CURRENT ASSETS
Inventories 5 37,755 117,350
Debtors 6 2,488 215,100
Cash at bank 13,376 1,320
53,619 333,770
CREDITORS
Amounts falling due within one year 7 412,226 389,244
NET CURRENT LIABILITIES (358,607 ) (55,474 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(355,627

)

(51,501

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 (355,628 ) (51,502 )
(355,627 ) (51,501 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Frederick Charles Art Limited (Registered number: 09802540)

Balance Sheet - continued
31 March 2023


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 11 March 2024 and were signed by:





E Mustafa - Director


Frederick Charles Art Limited (Registered number: 09802540)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Frederick Charles Art Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Fixtures and fittings - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

Frederick Charles Art Limited (Registered number: 09802540)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 13,907
DEPRECIATION
At 1 April 2022 9,934
Charge for year 993
At 31 March 2023 10,927
NET BOOK VALUE
At 31 March 2023 2,980
At 31 March 2022 3,973

5. INVENTORIES
31.3.23 31.3.22
£    £   
Stocks 37,755 117,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,488 215,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans 88,311 98,333
Trade creditors 247,962 194,090
Tax 22,062 22,062
Social security and other taxes 48,445 67,000
Directors' current accounts - 1,498
Accrued expenses 5,446 6,261
412,226 389,244

Frederick Charles Art Limited (Registered number: 09802540)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. RESERVES
Retained
earnings
£   

At 1 April 2022 (51,502 )
Deficit for the year (291,176 )
Dividends (12,950 )
At 31 March 2023 (355,628 )

9. RELATED PARTY DISCLOSURES

The company is controlled by E Mustafa (director), by virtue to his majority shareholding in the company.