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Company Registration No. 10126334 (England and Wales)
Fauvette Ltd Unaudited accounts for the year ended 30 April 2024
Fauvette Ltd Unaudited accounts Contents
Page
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Fauvette Ltd Company Information for the year ended 30 April 2024
Directors
Jean-Marc Philipe Delys Philipa Clare Friedman
Company Number
10126334 (England and Wales)
Registered Office
8-9 Glebe Street Penarth South Glamorgan CF64 1ED
Accountants
Evans Entwistle Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Fauvette Ltd for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fauvette Ltd for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH 25 June 2024
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Fauvette Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,510 
2,225 
Current assets
Inventories
7,135 
8,918 
Debtors
2,359 
9,939 
Cash at bank and in hand
16,487 
6,089 
25,981 
24,946 
Creditors: amounts falling due within one year
(26,463)
(22,815)
Net current (liabilities)/assets
(482)
2,131 
Total assets less current liabilities
1,028 
4,356 
Provisions for liabilities
Deferred tax
(287)
(423)
Net assets
741 
3,933 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
641 
3,833 
Shareholders' funds
741 
3,933 
For the year ending 30 April 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 25 June 2024 and were signed on its behalf by
Jean-Marc Philipe Delys Director Company Registration No. 10126334
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Fauvette Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Fauvette Ltd is a private company, limited by shares, registered in England and Wales, registration number 10126334. The registered office is 8-9 Glebe Street, Penarth, South Glamorgan, CF64 1ED.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
6 years straight line
Fixtures & fittings
5 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Fauvette Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2023
10,806 
At 30 April 2024
10,806 
Depreciation
At 1 May 2023
8,581 
Charge for the year
715 
At 30 April 2024
9,296 
Net book value
At 30 April 2024
1,510 
At 30 April 2023
2,225 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
287 
423 
2024 
2023 
£ 
£ 
Provision at start of year
423 
382 
(Credited)/charged to the profit and loss account
(136)
41 
Provision at end of year
287 
423 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 4 (2023: 2).
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