Registered number
09444414
Fenrir Ltd
Unaudited Filleted Accounts
29 February 2024
Fenrir Ltd
Registered number: 09444414
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,240 513
Current assets
Debtors 4 24,850 11,060
Cash at bank and in hand 144,791 81,684
169,641 92,744
Creditors: amounts falling due within one year 5 (59,542) (41,760)
Net current assets 110,099 50,984
Net assets 112,339 51,497
Capital and reserves
Called up share capital 200 200
Profit and loss account 112,139 51,297
Shareholders' funds 112,339 51,497
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr James Dobson
Director
Approved by the board on 5 April 2024
Fenrir Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment etc
£
Cost
At 1 March 2023 1,906
Additions 2,237
At 29 February 2024 4,143
Depreciation
At 1 March 2023 1,393
Charge for the year 510
At 29 February 2024 1,903
Net book value
At 29 February 2024 2,240
At 28 February 2023 513
4 Debtors 2024 2023
£ £
Other debtors 24,850 11,060
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 32,365 15,742
Other taxes and social security costs 9,870 4,357
Other creditors 17,307 21,661
59,542 41,760
6 Controlling party
As at the balance sheet date, Mr James Dobson and Mrs Emma Dobson are the controlling parties by virtue of their shareholding.
7 Other information
Fenrir Ltd is a private company limited by shares and incorporated in England. Its registered office is:
367 Chester Road
Little Sutton
Ellesmere Port
Cheshire
CH66 3RQ
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