Company Registration No. 11863282 (England and Wales)
FOSOLM LIMITED
Unaudited accounts
for the year ended 31 March 2024
FOSOLM LIMITED
Unaudited accounts
Contents
FOSOLM LIMITED
Company Information
for the year ended 31 March 2024
Directors
Matthew Anthony Malcolm
Steven Foster
Company Number
11863282 (England and Wales)
Registered Office
JSM, BRIGHTFIELD BUSINESS HUB BAKEWELL R
ORTON SOUTHGATE
PETERBOROUGH
CAMBRIDGESHIRE
PE2 6XU
ENGLAND
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
FOSOLM LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
3,815
7,223
Investment property
268,000
92,000
Cash at bank and in hand
4,057
39,331
Creditors: amounts falling due within one year
(83,896)
(64,306)
Net current liabilities
(74,726)
(24,975)
Total assets less current liabilities
197,089
74,248
Creditors: amounts falling due after more than one year
(247,628)
(76,229)
Provisions for liabilities
Deferred tax
(2,007)
(4,961)
Net liabilities
(52,546)
(6,942)
Called up share capital
100
100
Profit and loss account
(52,646)
(7,042)
Shareholders' funds
(52,546)
(6,942)
For the 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. 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 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 6 August 2024 and were signed on its behalf by
Matthew Anthony Malcolm
Director
Company Registration No. 11863282
FOSOLM LIMITED
Notes to the Accounts
for the year ended 31 March 2024
FOSOLM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11863282. The registered office is JSM, BRIGHTFIELD BUSINESS HUB BAKEWELL R, ORTON SOUTHGATE, PETERBOROUGH, CAMBRIDGESHIRE, PE2 6XU, ENGLAND.
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.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
3,773
9,663
1,320
14,756
At 31 March 2024
3,773
10,038
1,320
15,131
At 1 April 2023
1,697
5,413
423
7,533
Charge for the year
943
2,510
330
3,783
At 31 March 2024
2,640
7,923
753
11,316
At 31 March 2024
1,133
2,115
567
3,815
At 31 March 2023
2,076
4,250
897
7,223
Fair value at 1 April 2023
92,000
Net loss from fair value adjustments
(11,815)
FOSOLM LIMITED
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
8,612
(4,914)
Loans from directors
68,938
62,046
8
Creditors: amounts falling due after more than one year
2024
2023
During the year loans totalling £68,938.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).