Acorah Software Products - Accounts Production 15.0.500 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 6812586 Mr Douglas Ellis Mrs Michelle Ellis true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 6812586 2023-02-28 6812586 2024-02-28 6812586 2023-03-01 2024-02-28 6812586 frs-core:CurrentFinancialInstruments 2024-02-28 6812586 frs-core:ComputerEquipment 2024-02-28 6812586 frs-core:ComputerEquipment 2023-03-01 2024-02-28 6812586 frs-core:ComputerEquipment 2023-02-28 6812586 frs-core:FurnitureFittings 2024-02-28 6812586 frs-core:FurnitureFittings 2023-03-01 2024-02-28 6812586 frs-core:FurnitureFittings 2023-02-28 6812586 frs-core:ShareCapital 2024-02-28 6812586 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 6812586 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 6812586 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 6812586 frs-bus:SmallEntities 2023-03-01 2024-02-28 6812586 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 6812586 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 6812586 1 2023-03-01 2024-02-28 6812586 frs-bus:Director1 2023-03-01 2024-02-28 6812586 frs-bus:Director2 2023-03-01 2024-02-28 6812586 frs-countries:EnglandWales 2023-03-01 2024-02-28 6812586 2022-02-28 6812586 2023-02-28 6812586 2022-03-01 2023-02-28 6812586 frs-core:CurrentFinancialInstruments 2023-02-28 6812586 frs-core:ShareCapital 2023-02-28 6812586 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 6812586
Fatphrocks Ltd
Financial Statements
For The Year Ended 28 February 2024
Paul Costello Acccountancy Ltd.
Penycastell Farm Bryn
Port Talbot
Neath Port Talbot
SA13 2PY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 6812586
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 482 602
482 602
CURRENT ASSETS
Stocks 5 8,204 8,407
Debtors 6 626 626
Cash at bank and in hand 147 134
8,977 9,167
Creditors: Amounts Falling Due Within One Year 7 (29,415 ) (27,252 )
NET CURRENT ASSETS (LIABILITIES) (20,438 ) (18,085 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,956 ) (17,483 )
NET LIABILITIES (19,956 ) (17,483 )
CAPITAL AND RESERVES
Called up share capital 8 1,177 1,177
Profit and Loss Account (21,133 ) (18,660 )
SHAREHOLDERS' FUNDS (19,956) (17,483)
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Page 2
For the year ending 28 February 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Douglas Ellis
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Fatphrocks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 6812586 . The registered office is 14 Templestowe Hill, Leeds, West Yorkshire, LS15 7EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 4,816 2,226 7,042
As at 28 February 2024 4,816 2,226 7,042
...CONTINUED
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Depreciation
As at 1 March 2023 4,526 1,914 6,440
Provided during the period 58 62 120
As at 28 February 2024 4,584 1,976 6,560
Net Book Value
As at 28 February 2024 232 250 482
As at 1 March 2023 290 312 602
5. Stocks
2024 2023
£ £
Stock 8,204 8,407
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 226 226
Corporation tax recoverable assets 400 400
626 626
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,576 1,448
Bank loans and overdrafts 3,417 3,282
Corporation tax 16 16
Net wages 5,610 5,610
Other creditors 3,823 3,823
Accruals and deferred income 780 780
Directors' loan accounts 14,193 12,293
29,415 27,252
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,177 1,177
9. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of their ownership of the majority of the issued share capital in the company.
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