Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity2022-08-01false22truetrue 02629729 2022-08-01 2023-07-31 02629729 2021-08-01 2022-07-31 02629729 2023-07-31 02629729 2022-07-31 02629729 c:Director1 2022-08-01 2023-07-31 02629729 d:Buildings 2022-08-01 2023-07-31 02629729 d:FurnitureFittings 2022-08-01 2023-07-31 02629729 d:FurnitureFittings 2023-07-31 02629729 d:FurnitureFittings 2022-07-31 02629729 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 02629729 d:OfficeEquipment 2022-08-01 2023-07-31 02629729 d:OfficeEquipment 2023-07-31 02629729 d:OfficeEquipment 2022-07-31 02629729 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 02629729 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 02629729 d:CurrentFinancialInstruments 2023-07-31 02629729 d:CurrentFinancialInstruments 2022-07-31 02629729 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 02629729 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 02629729 d:ShareCapital 2023-07-31 02629729 d:ShareCapital 2022-07-31 02629729 d:RetainedEarningsAccumulatedLosses 2023-07-31 02629729 d:RetainedEarningsAccumulatedLosses 2022-07-31 02629729 c:FRS102 2022-08-01 2023-07-31 02629729 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 02629729 c:FullAccounts 2022-08-01 2023-07-31 02629729 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 02629729









FUZZY BLANKET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
FUZZY BLANKET LIMITED
REGISTERED NUMBER: 02629729

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,078
5,072

  
4,078
5,072

Current assets
  

Debtors: amounts falling due within one year
 6 
17,778
1,865

Cash at bank and in hand
 7 
4,926
55,250

  
22,704
57,115

Creditors: amounts falling due within one year
 8 
(28,018)
(45,264)

Net current (liabilities)/assets
  
 
 
(5,314)
 
 
11,851

Total assets less current liabilities
  
(1,236)
16,923

  

Net (liabilities)/assets
  
(1,236)
16,923


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,336)
16,823

  
(1,236)
16,923


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2024.



Page 1

 
FUZZY BLANKET LIMITED
REGISTERED NUMBER: 02629729
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023


K A Jones
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FUZZY BLANKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Fuzzy Blanket Limited is a private company limited by share capital, incorporated in England and Wales. The address of the registered office is 16 -19  Eastcastle Street, London, W1W 8DY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurances from the directors that they will continue to give financial support to the company for a period of at least twelve months from the date of signing of these financial statements. 
On this basis, the directors have considered it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The financial statements do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Turnover from royalties is recognised when the income is fixed or determinable and collectability is reasonably assured.

Page 3

 
FUZZY BLANKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following bases.


Cinema and related equipment
-
2% to 25% Straight Line
Fixtures and fittings
-
15% Reducing Balance
Office equipment
-
33% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
FUZZY BLANKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
FUZZY BLANKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Dividends

2023
2022
£
£


Dividends
4,000
4,000

4,000
4,000


5.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
62,578
12,603
75,181



At 31 July 2023

62,578
12,603
75,181



Depreciation


At 1 August 2022
58,565
11,544
70,109


Charge for the year on owned assets
602
392
994



At 31 July 2023

59,167
11,936
71,103



Net book value



At 31 July 2023
3,411
667
4,078



At 31 July 2022
4,012
1,059
5,071


6.


Debtors

2023
2022
£
£


Other debtors
-
546

Prepayments and accrued income
17,778
1,319

17,778
1,865


Page 6

 
FUZZY BLANKET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,925
55,250

4,925
55,250



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
4,683

Corporation tax
6,321
6,981

Other taxation and social security
4,819
9,916

Other creditors
13,378
17,684

Accruals and deferred income
3,500
6,000

28,018
45,264



9.


Related party transactions

During the year ordinary dividends totalling £4,000 (2022: £4,000) were paid to the directors in their capacity as shareholders of the company.
Included in creditors at the balance sheet date is an amount of £13,378 (2022: £17,684) due to the directors. This amount is in respect of expenses borne on behalf of the company. This amount is unsecured, interest free and repayable on demand.

 
Page 7