F & J TRADING LIMITED

Company Registration Number:
06651064 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

F & J TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

F & J TRADING LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,078 4,411
Total fixed assets: 2,078 4,411
Current assets
Debtors:   9,407 7,181
Cash at bank and in hand: 5,086 4,782
Total current assets: 14,493 11,963
Creditors: amounts falling due within one year:   (8,569) (7,762)
Net current assets (liabilities): 5,924 4,201
Total assets less current liabilities: 8,002 8,612
Creditors: amounts falling due after more than one year:   (4,370) (6,500)
Provision for liabilities: (395) (838)
Total net assets (liabilities): 3,237 1,274
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,137 1,174
Shareholders funds: 3,237 1,274

The notes form part of these financial statements

F & J TRADING LIMITED

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Mr F Spoto
Status: Director

The notes form part of these financial statements

F & J TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost of valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixture, fittings and equipment 25% straight line

Intangible fixed assets and amortisation policy

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

F & J TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

F & J TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 18,540
At 31 July 2023 18,540
Depreciation
At 01 August 2022 14,129
Charge for year 2,333
At 31 July 2023 16,462
Net book value
At 31 July 2023 2,078
At 31 July 2022 4,411