Fosseway Trading Limited 05958986 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is wholesale sales of kitchen and household items and other operating income relates to driving services Digita Accounts Production Advanced 6.30.9574.0 true 05958986 2022-11-01 2023-10-31 05958986 2023-10-31 05958986 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 05958986 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 05958986 bus:Micro-entities 2022-11-01 2023-10-31 05958986 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 05958986 bus:FilletedAccounts 2022-11-01 2023-10-31 05958986 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 05958986 bus:RegisteredOffice 2022-11-01 2023-10-31 05958986 bus:Director1 2022-11-01 2023-10-31 05958986 bus:Director2 2022-11-01 2023-10-31 05958986 bus:Director3 2022-11-01 2023-10-31 05958986 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 05958986 countries:England 2022-11-01 2023-10-31 05958986 2021-11-01 2022-10-31 05958986 2022-10-31 05958986 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 05958986 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 05958986

Fosseway Trading Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Fosseway Trading Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

2

 

Fosseway Trading Limited

Company Information

Directors

Mr G W Grinnell

Mrs A Grinnell

Miss K A Grinnell

Registered office

3 Marston Mews
Long Marston
Stratford-upon-Avon
Warwickshire
CV37 8AG

Accountants

Lucas Accountancy Limited
198 Woodstock Road
Yarnton
Kidlington
Oxfordshire
OX5 1PP

 

Fosseway Trading Limited

(Registration number: 05958986)
Balance Sheet as at 31 October 2023

2023
£

2022
£

Fixed assets

41

55

Current assets

13,668

17,966

Creditors: Amounts falling due within one year

(61,512)

(68,771)

Net current liabilities

(47,844)

(50,805)

Total assets less current liabilities

(47,803)

(50,750)

Creditors: Amounts falling due after more than one year

(11,726)

(13,678)

Accruals and deferred income

(880)

(880)

 

(60,409)

(65,308)

Capital and reserves

(60,409)

(65,308)

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 Marston Mews
Long Marston
Stratford-upon-Avon
Warwickshire
CV37 8AG

These financial statements were authorised for issue by the Board on 24 July 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The Covid 19 pandemic has had an extremely negative impact on the business. A lot of the gross profit margin in the past has been generated by attending exhibitions and shows.The company no longer uses this as a route to market. Also, a lot of the wholesale business has declined and the gross margins have tightened. In addition to this, obsolete stock as been written off. All these factors support the fall in the gross profit margin and the loss situation.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Fosseway Trading Limited

(Registration number: 05958986)
Balance Sheet as at 31 October 2023

3

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are guarantees of £13,678 (2022 - £15,582). The bank loan is a bounce bank loan that is guaranteed by the government.

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 July 2024 and signed on its behalf by:
 

.........................................
Mr G W Grinnell
Director