Silverfin false false 31/03/2024 01/04/2023 31/03/2024 E A Barlow Kearsley 07/10/2002 J Barlow-Kearsley 01/01/2024 31 July 2024 The principal activity of the Company during the financial year was that of podiatry services. 04554618 2024-03-31 04554618 bus:Director1 2024-03-31 04554618 bus:Director2 2024-03-31 04554618 2023-03-31 04554618 core:CurrentFinancialInstruments 2024-03-31 04554618 core:CurrentFinancialInstruments 2023-03-31 04554618 core:Non-currentFinancialInstruments 2024-03-31 04554618 core:Non-currentFinancialInstruments 2023-03-31 04554618 core:ShareCapital 2024-03-31 04554618 core:ShareCapital 2023-03-31 04554618 core:RetainedEarningsAccumulatedLosses 2024-03-31 04554618 core:RetainedEarningsAccumulatedLosses 2023-03-31 04554618 core:Vehicles 2023-03-31 04554618 core:FurnitureFittings 2023-03-31 04554618 core:ComputerEquipment 2023-03-31 04554618 core:Vehicles 2024-03-31 04554618 core:FurnitureFittings 2024-03-31 04554618 core:ComputerEquipment 2024-03-31 04554618 2023-04-01 2024-03-31 04554618 bus:FilletedAccounts 2023-04-01 2024-03-31 04554618 bus:SmallEntities 2023-04-01 2024-03-31 04554618 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04554618 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04554618 bus:Director1 2023-04-01 2024-03-31 04554618 bus:Director2 2023-04-01 2024-03-31 04554618 core:Vehicles 2023-04-01 2024-03-31 04554618 core:FurnitureFittings 2023-04-01 2024-03-31 04554618 core:ComputerEquipment 2023-04-01 2024-03-31 04554618 2022-04-01 2023-03-31 04554618 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 04554618 (England and Wales)

FOOT INC. LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

FOOT INC. LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

FOOT INC. LIMITED

BALANCE SHEET

As at 31 March 2024
FOOT INC. LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 30,324 6,597
30,324 6,597
Current assets
Cash at bank and in hand 28,212 21,246
28,212 21,246
Creditors: amounts falling due within one year 4 ( 38,983) ( 14,208)
Net current (liabilities)/assets (10,771) 7,038
Total assets less current liabilities 19,553 13,635
Creditors: amounts falling due after more than one year 5 ( 2,800) 0
Net assets 16,753 13,635
Capital and reserves
Called-up share capital 100 100
Profit and loss account 16,653 13,535
Total shareholders' funds 16,753 13,635

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Foot Inc. Limited (registered number: 04554618) were approved and authorised for issue by the Board of Directors on 31 July 2024. They were signed on its behalf by:

E A Barlow Kearsley
Director
FOOT INC. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
FOOT INC. LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Foot Inc. Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Little Bramble Bramble Lane, Highcliffe, Christchurch, BH23 5NB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Revenue from services are recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 33.3 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 1

3. Tangible assets

Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 April 2023 0 34,330 8,715 43,045
Additions 25,376 0 0 25,376
At 31 March 2024 25,376 34,330 8,715 68,421
Accumulated depreciation
At 01 April 2023 0 27,733 8,715 36,448
Charge for the financial year 0 1,649 0 1,649
At 31 March 2024 0 29,382 8,715 38,097
Net book value
At 31 March 2024 25,376 4,948 0 30,324
At 31 March 2023 0 6,597 0 6,597

4. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 2,400 7,600
Corporation tax 12,577 736
Other creditors 24,006 5,872
38,983 14,208

5. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 2,800 0

There are no amounts included above in respect of which any security has been given by the small entity.