IRIS Accounts Production v23.3.1.45 14137452 director 27.5.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141374522022-05-26141374522023-05-31141374522022-05-272023-05-31141374522022-05-2614137452ns10:Originalns15:EnglandWales2022-05-272023-05-3114137452ns14:PoundSterlingns10:Original2022-05-272023-05-3114137452ns10:Originalns10:Director12022-05-272023-05-3114137452ns10:Original2022-05-272023-05-3114137452ns10:Original2023-05-3114137452ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-272023-05-3114137452ns10:Originalns10:SmallEntities2022-05-272023-05-3114137452ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-272023-05-3114137452ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-272023-05-3114137452ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-272023-05-3114137452ns10:Originalns10:FullAccounts2022-05-272023-05-3114137452ns10:Originalns10:RegisteredOffice2022-05-272023-05-3114137452ns10:Originalns5:CurrentFinancialInstruments2023-05-3114137452ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3114137452ns10:Originalns5:PlantMachinery2022-05-272023-05-3114137452ns10:Originalns5:PlantMachinery2023-05-3114137452ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 14137452 (England and Wales)










Unaudited Financial Statements

for the Period 27 May 2022 to 31 May 2023

for

Fapco Ltd

Fapco Ltd (Registered number: 14137452)






Contents of the Financial Statements
for the Period 27 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fapco Ltd

Company Information
for the Period 27 May 2022 to 31 May 2023







DIRECTOR: A R Colverson





REGISTERED OFFICE: 10 Brookley Road
Brockenhurst
SO42 7RR





REGISTERED NUMBER: 14137452 (England and Wales)

Fapco Ltd (Registered number: 14137452)

Balance Sheet
31 May 2023

Notes £   
FIXED ASSETS
Tangible assets 4 1,393

CURRENT ASSETS
Debtors 5 27,555
Cash at bank 36,639
64,194
CREDITORS
Amounts falling due within one year 6 (38,094 )
NET CURRENT ASSETS 26,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,493

RESERVES
Retained earnings 27,493
27,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2024 and were signed by:





A R Colverson - Director


Fapco Ltd (Registered number: 14137452)

Notes to the Financial Statements
for the Period 27 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Fapco Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared using the historical cost convention except that as disclosed in the
accounting policies certain items are shown at fair value.

The company's functional and presentational currency is pound sterling.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated

GOING CONCERN
The financial statements have been prepared on a going concern basis.

REVENUE RECOGNITION
Turnover represents rents receivable, which are recognised in the accounting period to which they relate.

The company recognises turnover when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over
their estimated useful lives, as follows

Asset class Depreciation method and rate
Plant & Machinery 25% reducing balance basis

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Fapco Ltd (Registered number: 14137452)

Notes to the Financial Statements - continued
for the Period 27 May 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

DIVIDENDS
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,858
At 31 May 2023 1,858
DEPRECIATION
Charge for period 465
At 31 May 2023 465
NET BOOK VALUE
At 31 May 2023 1,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 27,555

Fapco Ltd (Registered number: 14137452)

Notes to the Financial Statements - continued
for the Period 27 May 2022 to 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 2,000
Taxation and social security 36,094
38,094