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REGISTERED NUMBER: 12465546 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

Fibreray Design Limited

Fibreray Design Limited (Registered number: 12465546)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fibreray Design Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D Herbert





REGISTERED OFFICE: 5th Floor
Horton House
Exchange Flags
Liverpool
Merseyside
L2 3PF





REGISTERED NUMBER: 12465546 (England and Wales)





ACCOUNTANTS: JKS Accountants Limited
10 Duke Street
Liverpool
Merseyside
L1 5AS

Fibreray Design Limited (Registered number: 12465546)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 49,281 69,437
Tangible assets 5 20,576 24,822
69,857 94,259

CURRENT ASSETS
Stocks - 51,405
Debtors 6 310,991 262,648
Cash at bank and in hand 36,188 765,970
347,179 1,080,023
CREDITORS
Amounts falling due within one year 7 183,506 608,109
NET CURRENT ASSETS 163,673 471,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,530

566,173

CREDITORS
Amounts falling due after more than one year 8 17,189 27,500
NET ASSETS 216,341 538,673

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,241 538,573
216,341 538,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Fibreray Design Limited (Registered number: 12465546)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





D Herbert - Director


Fibreray Design Limited (Registered number: 12465546)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Fibreray Design Limited 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 in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

Fibreray Design Limited (Registered number: 12465546)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 80,625
AMORTISATION
At 1 February 2023 11,188
Charge for year 20,156
At 31 January 2024 31,344
NET BOOK VALUE
At 31 January 2024 49,281
At 31 January 2023 69,437

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 47,619
Additions 5,889
At 31 January 2024 53,508
DEPRECIATION
At 1 February 2023 22,797
Charge for year 10,135
At 31 January 2024 32,932
NET BOOK VALUE
At 31 January 2024 20,576
At 31 January 2023 24,822

Fibreray Design Limited (Registered number: 12465546)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 211,695
Other debtors 310,991 50,953
310,991 262,648

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 85,372 10,000
Trade creditors - 260,688
Taxation and social security 98,134 331,408
Other creditors - 6,013
183,506 608,109

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 17,189 27,500