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REGISTERED NUMBER: 08649520 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Feet (Etc) Limited

Feet (Etc) Limited (Registered number: 08649520)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Feet (Etc) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mrs W J Wells





REGISTERED OFFICE: 34 Main Street
Breaston
Derby
DE72 3DX





REGISTERED NUMBER: 08649520 (England and Wales)





ACCOUNTANTS: DKS Chartered Certified Accountants
2 Kingsdale Grove
Chellaston
Derby
Derbyshire
DE73 5NX

Feet (Etc) Limited (Registered number: 08649520)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,731 49,488
40,731 49,488

CURRENT ASSETS
Stocks 2,444 1,788
Debtors 6 1,109 5,390
Cash at bank 19,997 25,201
23,550 32,379
CREDITORS
Amounts falling due within one year 7 22,977 13,622
NET CURRENT ASSETS 573 18,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,304

68,245

CREDITORS
Amounts falling due after more than one
year

8

(27,458

)

(32,597

)

PROVISIONS FOR LIABILITIES (6,894 ) (7,574 )
NET ASSETS 6,952 28,074

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 6,852 27,974
SHAREHOLDERS' FUNDS 6,952 28,074

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Feet (Etc) Limited (Registered number: 08649520)

Balance Sheet - continued
31 August 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 8 April 2024 and were signed by:





Mrs W J Wells - Director


Feet (Etc) Limited (Registered number: 08649520)

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

1. STATUTORY INFORMATION

Feet (Etc) 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

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

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.

Feet (Etc) Limited (Registered number: 08649520)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 2,479
AMORTISATION
At 1 September 2022
and 31 August 2023 2,479
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 87,998
Additions 14,386
Disposals (40,445 )
At 31 August 2023 61,939
DEPRECIATION
At 1 September 2022 38,510
Charge for year 11,897
Eliminated on disposal (29,199 )
At 31 August 2023 21,208
NET BOOK VALUE
At 31 August 2023 40,731
At 31 August 2022 49,488

Feet (Etc) Limited (Registered number: 08649520)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 46,553
DEPRECIATION
At 1 September 2022 9,311
Charge for year 9,311
At 31 August 2023 18,622
NET BOOK VALUE
At 31 August 2023 27,931
At 31 August 2022 37,242

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 359 423
Other debtors 750 4,967
1,109 5,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 9) 5,138 5,138
Trade creditors 507 111
Taxation and social security 952 87
Other creditors 16,380 8,286
22,977 13,622

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 9) 27,458 32,597

Feet (Etc) Limited (Registered number: 08649520)

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

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.23 31.8.22
£    £   
Net obligations repayable:
Within one year 5,138 5,138
Between one and five years 27,458 32,597
32,596 37,735

Non-cancellable operating leases
31.8.23 31.8.22
£    £   
Between one and five years 21,000 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100