Company Registration No. 10126334 (England and Wales)
Fauvette Ltd
Unaudited accounts
for the year ended 30 April 2024
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
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
Fauvette Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
1,510
2,225
Cash at bank and in hand
16,487
6,089
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
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
Fauvette Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
Fauvette Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Total
5
Deferred taxation
2024
2023
Accelerated capital allowances
287
423
Provision at start of year
423
382
(Credited)/charged to the profit and loss account
(136)
41
Provision at end of year
287
423
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).