Fitrakis Enterprises Ltd |
Registered number: |
13099213 |
Balance Sheet |
as at 30 November 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
94,772 |
|
|
94,772 |
|
Current assets |
Debtors |
4 |
|
532 |
|
|
505 |
Cash at bank and in hand |
|
|
500 |
|
|
28,833 |
|
|
|
1,032 |
|
|
29,338 |
|
Creditors: amounts falling due within one year |
5 |
|
(39,817) |
|
|
(66,226) |
|
Net current liabilities |
|
|
|
(38,785) |
|
|
(36,888) |
|
Total assets less current liabilities |
|
|
|
55,987 |
|
|
57,884 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(61,500) |
|
|
(61,500) |
|
|
|
Net liabilities |
|
|
|
(5,513) |
|
|
(3,616) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
(5,514) |
|
|
(3,617) |
|
Shareholder's funds |
|
|
|
(5,513) |
|
|
(3,616) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Mr A Forster |
Director |
Approved by the board on 5 July 2024 |
|
Fitrakis Enterprises Ltd |
Notes to the Accounts |
for the year ended 30 November 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Investments |
|
Other |
investments |
£ |
|
Cost |
|
At 1 December 2022 |
94,772 |
|
|
At 30 November 2023 |
94,772 |
|
At 30 November 2022 the valuation of the investment property was reviewed by Mr A Forster the director of the company. Following the review he is satisfied that the current valuation represents the fair value of the investment property. |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
532 |
|
505 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Director's loan account |
39,211 |
|
65,650 |
|
Other creditors |
606 |
|
576 |
|
|
|
|
|
|
39,817 |
|
66,226 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
61,500 |
|
61,500 |
|
|
|
|
|
|
|
|
|
|
7 |
Loans |
2023 |
|
2022 |
£ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
61,500 |
|
61,500 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
61,500 |
|
61,500 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured on the investment property owned by the company. |
|
|
8 |
Controlling party |
|
|
The company's controlling party is Mr A Forster by virtue of his shareholding in the company. |
|
|
9 |
Other information |
|
|
Fitrakis Enterprises Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Bury Lodge |
|
Bury Road |
|
Stowmarket |
|
Suffolk |
|
IP14 1JA |