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Company Registration No. 10428638 (England and Wales)
Fiftyseven Limited Unaudited accounts for the year ended 31 October 2023
Fiftyseven Limited Unaudited accounts Contents
Page
- 2 -
Fiftyseven Limited Company Information for the year ended 31 October 2023
Director
Kyrylo GURIEV
Company Number
10428638 (England and Wales)
Registered Office
13 John Prince's Street 2nd Floor London W1G 0JR United Kingdom
Accountants
City Secretarial Services Ltd 180 Tolmers Road Cuffley, Potters Bar Hertfordshire EN6 4JP
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Fiftyseven Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
353 
353 
Current assets
Inventories
289,167 
191,238 
Debtors
66,251 
15,533 
Cash at bank and in hand
5,171 
1,368 
360,589 
208,139 
Creditors: amounts falling due within one year
(27,254)
(11,150)
Net current assets
333,335 
196,989 
Total assets less current liabilities
333,688 
197,342 
Creditors: amounts falling due after more than one year
(763,633)
(660,461)
Net liabilities
(429,945)
(463,119)
Capital and reserves
Called up share capital
50,000 
50,000 
Profit and loss account
(479,945)
(513,119)
Shareholders' funds
(429,945)
(463,119)
For the 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. 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 29 July 2024 and were signed on its behalf by
Kyrylo GURIEV Director Company Registration No. 10428638
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Fiftyseven Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Fiftyseven Limited is a private company, limited by shares, registered in England and Wales, registration number 10428638. The registered office is 13 John Prince's Street, 2nd Floor, London, W1G 0JR, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
353 
At 31 October 2023
353 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
353 
At 31 October 2022
353 
- 5 -
Fiftyseven Limited Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
54,396 
At 31 October 2023
54,396 
Depreciation
At 1 November 2022
54,396 
At 31 October 2023
54,396 
Net book value
At 31 October 2023
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
326 
Trade debtors
66,251 
3,077 
Accrued income and prepayments
- 
12,130 
66,251 
15,533 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
241 
- 
VAT
35 
- 
Trade creditors
23,701 
11,023 
Taxes and social security
122 
127 
Other creditors
3,155 
- 
27,254 
11,150 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
77,879 
78,453 
Amounts owed to group undertakings and other participating interests
685,754 
582,008 
763,633 
660,461 
Investment loan from the company Director converted from short-term Director's loan provided to the Company in the previous financial years .
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000 
50,000 
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Fiftyseven Limited Notes to the Accounts for the year ended 31 October 2023
10
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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