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REGISTERED NUMBER: 08351531 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FIO DOMUS LTD

FIO DOMUS LTD (REGISTERED NUMBER: 08351531)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIO DOMUS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr S D Rhymes



REGISTERED OFFICE: 27 Dunstone Park Road
Paignton
Devon
TQ3 3NF



REGISTERED NUMBER: 08351531 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Lloyds Bank Plc
41 Courtenay Street
Newton Abbot
Devon
TQ12 2EA

FIO DOMUS LTD (REGISTERED NUMBER: 08351531)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,016 38,470

CURRENT ASSETS
Stocks 5 - 201,481
Debtors 6 60,328 8,512
Cash at bank 18,855 143,130
79,183 353,123
CREDITORS
Amounts falling due within one year 7 18,778 282,337
NET CURRENT ASSETS 60,405 70,786
TOTAL ASSETS LESS CURRENT LIABILITIES 88,421 109,256

CREDITORS
Amounts falling due after more than one
year

8

(26,319

)

(27,032

)

PROVISIONS FOR LIABILITIES (5,323 ) (7,309 )
NET ASSETS 56,779 74,915

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 56,778 74,914
SHAREHOLDERS' FUNDS 56,779 74,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

FIO DOMUS LTD (REGISTERED NUMBER: 08351531)

BALANCE SHEET - continued
31 JANUARY 2024


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 31 July 2024 and were signed by:





Mr S D Rhymes - Director


FIO DOMUS LTD (REGISTERED NUMBER: 08351531)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Fio Domus Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

FIO DOMUS LTD (REGISTERED NUMBER: 08351531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 2,046 61,031 5,901 68,978
Additions 1,321 - - 1,321
Disposals - (17,031 ) - (17,031 )
At 31 January 2024 3,367 44,000 5,901 53,268
DEPRECIATION
At 1 February 2023 1,323 25,731 3,454 30,508
Charge for year 409 8,250 816 9,475
Eliminated on disposal - (14,731 ) - (14,731 )
At 31 January 2024 1,732 19,250 4,270 25,252
NET BOOK VALUE
At 31 January 2024 1,635 24,750 1,631 28,016
At 31 January 2023 723 35,300 2,447 38,470

FIO DOMUS LTD (REGISTERED NUMBER: 08351531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 44,000
DEPRECIATION
At 1 February 2023 11,000
Charge for year 8,250
At 31 January 2024 19,250
NET BOOK VALUE
At 31 January 2024 24,750
At 31 January 2023 33,000

5. STOCKS
2024 2023
£    £   
Stocks - 201,481

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 57,610 -
VAT 1,873 7,981
Prepayments 845 531
60,328 8,512

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,148 9,583
Directors' current accounts - 259,044
Accrued expenses 13,630 13,710
18,778 282,337

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 26,319 27,032

FIO DOMUS LTD (REGISTERED NUMBER: 08351531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr S D Rhymes
Balance outstanding at start of year (259,044 ) (233,087 )
Amounts advanced 355,000 23,083
Amounts repaid (38,346 ) (49,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,610 (259,044 )

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £27,150 were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S D Rhymes.