Company Registration No. 06685511 (England and Wales)
Falgu & Co Limited
Forecast Accounts
for the year ended 30 September 2023
Falgu & Co Limited
Forecast Accounts
Contents
Falgu & Co Limited
Statement of financial position
as at 30 September 2023
Tangible assets
445,505
448,318
Inventories
1,059,298
759,238
Debtors
2,551,563
1,940,050
Cash at bank and in hand
11,766
87,894
Creditors: amounts falling due within one year
(2,192,205)
(1,390,198)
Net current assets
1,430,422
1,396,984
Total assets less current liabilities
1,905,940
1,875,315
Creditors: amounts falling due after more than one year
(159,143)
(332,485)
Net assets
1,746,797
1,542,830
Called up share capital
100
100
Profit and loss account
1,746,697
1,542,730
Shareholders' funds
1,746,797
1,542,830
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2023 and were signed on its behalf by
Mr Alpesh kumar Somabhai Patel
Director
Company Registration No. 06685511
Falgu & Co Limited
Notes to the Accounts
for the year ended 30 September 2023
Falgu & Co Limited is a private company, limited by shares, registered in England and Wales, registration number 06685511. The registered office is 59 RUISLIP ROAD, GREENFORD, MIDDLESEX, UB6 9QD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on WDV
Computer equipment
20% on WDV
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2022
436,087
42,255
15,894
3,478
497,714
At 30 September 2023
436,087
42,255
15,894
3,478
497,714
At 1 October 2022
-
35,361
10,973
3,062
49,396
Charge for the year
-
1,724
984
105
2,813
At 30 September 2023
-
37,085
11,957
3,167
52,209
At 30 September 2023
436,087
5,170
3,937
311
445,505
At 30 September 2022
436,087
6,894
4,921
416
448,318
Falgu & Co Limited
Notes to the Accounts
for the year ended 30 September 2023
5
Investments
Subsidiary undertakings
Valuation at 1 October 2022
30,013
Valuation at 30 September 2023
30,013
Amounts falling due within one year
Trade debtors
2,523,063
1,940,024
Accrued income and prepayments
-
26
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,121,667
1,285,990
Taxes and social security
70,538
59,208
Loans from directors
-
45,000
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
159,143
332,485
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).