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Registered Number: 11932097
England and Wales

 

 

 

FAILURE CREATIVE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2022

End date: 30 April 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 10,502    10,502 
10,502    10,502 
Current assets      
Debtors 19,875    6,180 
Cash at bank and in hand 29,048    29,048 
48,923    35,228 
Creditors: amount falling due within one year (14,631)   (8,731)
Net current assets 34,292    26,497 
 
Total assets less current liabilities 44,794    36,999 
Creditors: amount falling due after more than one year   (6,612)
Net assets 44,794    30,387 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 44,793    30,386 
Shareholder's funds 44,794    30,387 
 


For the year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 19 January 2024 and were signed by:


-------------------------------
Scott Taylor
Director
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General Information
FAILURE CREATIVE LTD is a private company, limited by shares, registered in England and Wales, registration number 11932097, registration address UNIT A, MARITIME INDUSTRIAL ESTATE , PONTYPRIDD, CF37 1NY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 May 2022 10,234    2,177    12,411 
Additions    
Disposals    
At 30 April 2023 10,234    2,177    12,411 
Depreciation
At 01 May 2022 1,110    799    1,909 
Charge for year    
On disposals    
At 30 April 2023 1,110    799    1,909 
Net book values
Closing balance as at 30 April 2023 9,124    1,378    10,502 
Opening balance as at 01 May 2022 9,124    1,378    10,502 


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