2023-01-01 2023-12-31 false Capium Accounts Production 1.1 10633658 bus:AbridgedAccounts 2023-01-01 2023-12-31 10633658 bus:FRS102 2023-01-01 2023-12-31 10633658 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10633658 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10633658 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10633658 2023-01-01 2023-12-31 10633658 2023-12-31 10633658 bus:RegisteredOffice 2023-01-01 2023-12-31 10633658 core:WithinOneYear 2023-12-31 10633658 core:AfterOneYear 2023-12-31 10633658 bus:Director1 2023-01-01 2023-12-31 10633658 bus:Director1 2023-12-31 10633658 bus:Director1 2022-01-01 2022-12-31 10633658 bus:Director2 2023-01-01 2023-12-31 10633658 bus:Director2 2023-12-31 10633658 bus:Director2 2022-01-01 2022-12-31 10633658 bus:Director3 2023-01-01 2023-12-31 10633658 bus:Director3 2023-12-31 10633658 bus:Director3 2022-01-01 2022-12-31 10633658 bus:Director4 2023-01-01 2023-12-31 10633658 bus:Director4 2023-12-31 10633658 bus:Director4 2022-01-01 2022-12-31 10633658 bus:Director5 2023-01-01 2023-12-31 10633658 bus:Director5 2023-12-31 10633658 bus:Director5 2022-01-01 2022-12-31 10633658 bus:Director6 2023-01-01 2023-12-31 10633658 bus:Director6 2023-12-31 10633658 bus:Director6 2022-01-01 2022-12-31 10633658 bus:Director7 2023-01-01 2023-12-31 10633658 bus:Director7 2023-12-31 10633658 bus:Director7 2022-01-01 2022-12-31 10633658 2022-01-01 10633658 bus:CompanySecretary1 2023-01-01 2023-12-31 10633658 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 10633658 2022-01-01 2022-12-31 10633658 2022-12-31 10633658 core:WithinOneYear 2022-12-31 10633658 core:AfterOneYear 2022-12-31 10633658 bus:EntityAccountantsOrAuditors 2022-01-01 2022-12-31 10633658 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10633658 bus:OrdinaryShareClass1 2023-12-31 10633658 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 10633658 bus:OrdinaryShareClass1 2022-12-31 10633658 core:FurnitureFittings 2023-01-01 2023-12-31 10633658 core:FurnitureFittings 2023-12-31 10633658 core:FurnitureFittings 2022-12-31 10633658 core:ComputerEquipment 2023-01-01 2023-12-31 10633658 core:ComputerEquipment 2023-12-31 10633658 core:ComputerEquipment 2022-12-31 10633658 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-12-31 10633658 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-12-31 10633658 core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 10633658 core:OtherResidualIntangibleAssets 2023-12-31 10633658 core:OtherResidualIntangibleAssets 2022-12-31 10633658 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 10633658 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 10633658 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-12-31 10633658 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 10633658 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-12-31 10633658 core:Non-currentFinancialInstruments 2023-12-31 10633658 core:Non-currentFinancialInstruments 2022-12-31 10633658 core:ShareCapital 2023-12-31 10633658 core:ShareCapital 2022-12-31 10633658 core:SharePremium 2023-12-31 10633658 core:SharePremium 2022-12-31 10633658 core:RetainedEarningsAccumulatedLosses 2023-12-31 10633658 core:RetainedEarningsAccumulatedLosses 2022-12-31 10633658 dpl:Item1 2023-01-01 10633658 dpl:Item1 2023-12-31 10633658 dpl:Item1 2022-01-01 10633658 dpl:Item1 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Logo On Report
Registered Number: 10633658
England and Wales

 

 

 

FARILLIO LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Farillio Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Farillio Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Farillio Limited , as a body, in accordance with the terms of our engagement letter dated 09 February 2024. Our work has been undertaken solely to prepare for your approval the accounts of Farillio Limited and state those matters that we have agreed to state to the Board of Directors of Farillio Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farillio Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Farillio Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Farillio Limited . You consider that Farillio Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Farillio Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2023



....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
09 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 560    560 
Tangible fixed assets 4 5,537    801 
6,097    1,361 
Current assets      
Debtors: amounts falling due within one year 421,657    154,739 
Cash at bank and in hand 54,874    148,414 
476,531    303,153 
Creditors: amount falling due within one year (194,788)   (1,221,555)
Net current assets 281,743    (918,402)
 
Total assets less current liabilities 287,840    (917,041)
Creditors: amount falling due after more than one year (279,912)   (34,798)
Accruals and deferred income (340,067)  
Provisions for liabilities (7,984)   (2,872)
Net liabilities (340,123)   (954,711)
 

Capital and reserves
     
Called up share capital 5 216,368    181,067 
Share premium account 4,272,892    2,969,182 
Profit and loss account (4,829,383)   (4,104,960)
Shareholder's funds (340,123)   (954,711)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 board of directors on 09 February 2024 and were signed on its behalf by:


-------------------------------
Merlie Calvert
Director
2
General Information
Farillio Limited is a private company, limited by shares, registered in England and Wales, registration number 10633658, registration address Kemp House, 160 City Road, London, EC1V 2NX.

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.
Going concern basis
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 10 years.
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 15 Reducing Balance
Computer Equipment 33 Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 15 (2022 : 15).
3.

Intangible fixed assets

Cost Trademark   Total
  £   £
At 01 January 2023  
Additions 990    990 
Disposals  
At 31 December 2023 990    990 
Amortisation
At 01 January 2023  
Charge for year 430    430 
On disposals  
At 31 December 2023 430    430 
Net book values
At 31 December 2023 560    560 
At 31 December 2022  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023 5,829    32,004    37,833 
Additions 225    5,111    5,336 
Disposals    
At 31 December 2023 6,054    37,115    43,169 
Depreciation
At 01 January 2023 5,350    31,682    37,032 
Charge for year 100    500    600 
On disposals    
At 31 December 2023 5,450    32,182    37,632 
Net book values
Closing balance as at 31 December 2023 604    4,933    5,537 
Opening balance as at 01 January 2023 479    322    801 


5.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
21,636,835 Ordinary shares of £0.01 each 216,368    181,067 
216,368    181,067 

3