Company Registration No. 09040840 (England and Wales)
FATHER COD LTD
Unaudited accounts
for the year ended 14 May 2023
FATHER COD LTD
Unaudited accounts
Contents
FATHER COD LTD
Company Information
for the year ended 14 May 2023
Company Number
09040840 (England and Wales)
Registered Office
61A Courtney Road
Maidstone
ME15 6UW
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
FATHER COD LTD
Statement of financial position
as at 14 May 2023
Tangible assets
8,756
10,678
Cash at bank and in hand
1,199
337
Creditors: amounts falling due within one year
(6,478)
(3,273)
Net current assets
6,675
14,191
Total assets less current liabilities
15,431
24,869
Creditors: amounts falling due after more than one year
(10,840)
(16,840)
Called up share capital
1
1
Profit and loss account
4,590
8,028
Shareholders' funds
4,591
8,029
For the year ending 14 May 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 6 February 2024 and were signed on its behalf by
Mr S Yalcin
Director
Company Registration No. 09040840
FATHER COD LTD
Notes to the Accounts
for the year ended 14 May 2023
FATHER COD LTD is a private company, limited by shares, registered in England and Wales, registration number 09040840. The registered office and principal place of business is 61A Courtney Road, Maidstone, ME15 6UW, 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% - reducing line method
Fixtures & fittings
18% - reducing line method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
FATHER COD LTD
Notes to the Accounts
for the year ended 14 May 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 15 May 2022
9,850
5,476
15,326
At 14 May 2023
9,850
5,476
15,326
At 15 May 2022
2,954
1,694
4,648
Charge for the year
1,241
681
1,922
At 14 May 2023
4,195
2,375
6,570
At 14 May 2023
5,655
3,101
8,756
At 14 May 2022
6,896
3,782
10,678
Amounts falling due within one year
Other debtors
10,000
15,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,000
-
Taxes and social security
6
2,742
Loans from directors
2,472
531
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
Included within other creditors is an amount of £2,472 (2022;£531) due to its directors. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).