Registration number:
Fosseway Trading Limited
for the Year Ended 31 October 2023
Fosseway Trading Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Fosseway Trading Limited
Company Information
Directors |
Mr G W Grinnell Mrs A Grinnell Miss K A Grinnell |
Registered office |
|
Accountants |
|
Fosseway Trading Limited
(Registration number: 05958986)
Balance Sheet as at 31 October 2023
2023 |
2022 |
|
Fixed assets |
|
|
Current assets |
|
|
Creditors: Amounts falling due within one year |
( |
( |
Net current liabilities |
( |
( |
Total assets less current liabilities |
( |
( |
Creditors: Amounts falling due after more than one year |
( |
( |
Accruals and deferred income |
( |
( |
( |
( |
|
Capital and reserves |
( |
( |
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Fosseway Trading Limited
(Registration number: 05958986)
Balance Sheet as at 31 October 2023
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 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
......................................... |