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REGISTERED NUMBER: 12255804 (England and Wales)















F O SANDWELL LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023






F O SANDWELL LTD (REGISTERED NUMBER: 12255804)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


F O SANDWELL LTD (REGISTERED NUMBER: 12255804)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 196,832 157,309

Current assets
Stocks 4,100 3,500
Debtors 5 698,816 644,061
Cash at bank and in hand 829,255 944,591
1,532,171 1,592,152
Creditors
Amounts falling due within one year 6 (744,877 ) (963,422 )
Net current assets 787,294 628,730
Total assets less current liabilities 984,126 786,039

Provisions for liabilities (37,672 ) (36,634 )
Net assets 946,454 749,405

Capital and reserves
Called up share capital 100 100
Retained earnings 946,354 749,305
946,454 749,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

F O SANDWELL LTD (REGISTERED NUMBER: 12255804)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Mr Salim Amanji - Director


F O SANDWELL LTD (REGISTERED NUMBER: 12255804)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. Statutory information

F O Sandwell Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12255804

Registered office: 6 Empress Avenue
Fulwood
Preston
Lancashire
PR2 8JT

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

F O SANDWELL LTD (REGISTERED NUMBER: 12255804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 30 (2022 - 30 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 November 2022 303,865
Additions 88,731
At 31 October 2023 392,596
Depreciation
At 1 November 2022 146,556
Charge for year 49,208
At 31 October 2023 195,764
Net book value
At 31 October 2023 196,832
At 31 October 2022 157,309

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 210 210
Other debtors 698,606 643,851
698,816 644,061

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 9,651 102,753
Taxation and social security 219,966 244,123
Other creditors 515,260 616,546
744,877 963,422

F O SANDWELL LTD (REGISTERED NUMBER: 12255804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. Related party disclosures

At 31 October 2023, the company owed £137,301 to the director (2022: £109,301). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.