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REGISTERED NUMBER: 13937873 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

FOLD ME CLOSE LTD

FOLD ME CLOSE LTD (REGISTERED NUMBER: 13937873)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOLD ME CLOSE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: P J Bacon
J V Wythe





REGISTERED OFFICE: Burgoine Business Centre
117 Clophill Road
Maulden
Bedfordshire
MK45 2AE





REGISTERED NUMBER: 13937873 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

FOLD ME CLOSE LTD (REGISTERED NUMBER: 13937873)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,558 11,135

CURRENT ASSETS
Debtors 5 3,491 11,891
Cash at bank 19,300 202
22,791 12,093
CREDITORS
Amounts falling due within one year 6 16,580 19,367
NET CURRENT ASSETS/(LIABILITIES) 6,211 (7,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,769

3,861

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 16,768 3,860
SHAREHOLDERS' FUNDS 16,769 3,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:




P J Bacon - Director



J V Wythe - Director


FOLD ME CLOSE LTD (REGISTERED NUMBER: 13937873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Fold Me Close 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.

The comparatives relate to the period from 24th February 2022 to 28th February 2023.

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 each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 March 2023 6,110 7,596 649 14,355
Additions - 1,000 1,416 2,416
At 29 February 2024 6,110 8,596 2,065 16,771
Depreciation
At 1 March 2023 1,201 1,899 120 3,220
Charge for year 1,228 1,633 132 2,993
At 29 February 2024 2,429 3,532 252 6,213
Net book value
At 29 February 2024 3,681 5,064 1,813 10,558
At 28 February 2023 4,909 5,697 529 11,135

FOLD ME CLOSE LTD (REGISTERED NUMBER: 13937873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,169 11,891
Prepayments and accrued income 1,322 -
3,491 11,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,288 1,959
Tax 3,998 -
VAT 934 1,861
Other creditors 9,071 14,158
Directors' loan account 289 1,389
16,580 19,367

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 0.01 1 1

8. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £289 (2023: £1,389) due to the directors. No interest has been charged on this balance during the period and there are no set repayment terms.

Included within creditors is an amount of £6,363 (2023: £14,158) due to Sticky Bandits Limited, a related company. No interest has been charged on this balance and there are no set repayment terms.