Company Registration No. 13048930 (England and Wales)
FAIL FORWARD (SUSSEX) LTD
Unaudited accounts
for the year ended 30 November 2023
FAIL FORWARD (SUSSEX) LTD
Unaudited accounts
Contents
FAIL FORWARD (SUSSEX) LTD
Company Information
for the year ended 30 November 2023
Company Number
13048930 (England and Wales)
Registered Office
23 DAWES AVENUE
WORTHING
WEST SUSSEX
BN11 2JY
UNITED KINGDOM
Accountants
KMG Accountancy Ltd
The Offices
57 Newtown Road
Hove
BN3 7BA
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of FAIL FORWARD (SUSSEX) LTD for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FAIL FORWARD (SUSSEX) LTD for the year ended
30 November 2023 as set out on pages
5 -
7 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
KMG Accountancy Ltd
Chartered Accountants
The Offices
57 Newtown Road
Hove
BN3 7BA
1 May 2024
FAIL FORWARD (SUSSEX) LTD
Statement of financial position
as at 30 November 2023
Intangible assets
4,001
5,334
Tangible assets
23,257
35,496
Cash at bank and in hand
11,582
11,009
Creditors: amounts falling due within one year
(26,959)
(35,077)
Net current liabilities
(14,831)
(15,453)
Total assets less current liabilities
12,427
25,377
Creditors: amounts falling due after more than one year
(23,069)
(30,042)
Net liabilities
(10,642)
(4,665)
Called up share capital
1
1
Profit and loss account
(10,643)
(4,666)
Shareholders' funds
(10,642)
(4,665)
For the year ending 30 November 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 1 May 2024 and were signed on its behalf by
Patrick Cascante
Director
Company Registration No. 13048930
FAIL FORWARD (SUSSEX) LTD
Notes to the Accounts
for the year ended 30 November 2023
FAIL FORWARD (SUSSEX) LTD is a private company, limited by shares, registered in England and Wales, registration number 13048930. The registered office is 23 DAWES AVENUE, WORTHING, WEST SUSSEX, BN11 2JY, UNITED KINGDOM.
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.
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:
Fixtures & fittings
4 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
FAIL FORWARD (SUSSEX) LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
142
48,809
48,951
At 30 November 2023
142
48,809
48,951
At 1 December 2022
36
13,419
13,455
Charge for the year
36
12,203
12,239
At 30 November 2023
72
25,622
25,694
At 30 November 2023
70
23,187
23,257
At 30 November 2022
106
35,390
35,496
Amounts falling due within one year
Accrued income and prepayments
2,142
2,142
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
(500)
2,931
Taxes and social security
540
58
Loans from directors
26,209
31,438
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).