REGISTERED NUMBER: |
Fosway Group Limited |
Financial Statements |
for the Year Ended 31st August 2023 |
REGISTERED NUMBER: |
Fosway Group Limited |
Financial Statements |
for the Year Ended 31st August 2023 |
Fosway Group Limited (Registered number: 03243758) |
Contents of the Financial Statements |
for the Year Ended 31st August 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Fosway Group Limited (Registered number: 03243758) |
Balance Sheet |
31st August 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Fosway Group Limited (Registered number: 03243758) |
Balance Sheet - continued |
31st August 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Fosway Group Limited (Registered number: 03243758) |
Notes to the Financial Statements |
for the Year Ended 31st August 2023 |
1. | STATUTORY INFORMATION |
Fosway Group Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. |
Tangible fixed assets |
Office furniture and equipment | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less impairment. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
Group accounts |
The company has taken the advantage of the exemption from the requirement to prepare group accounts. The subsidiary Fosway GmBH, c/o Neussel KPA Partnerschaft, Rechtsanwalten Mbb Dr. Karl Aschoffstr.9, Bad Kreuznach Germany is not included in these accounts therefore. The aggregate amount of capital and reserves as at the end of it's relevant financial year, and the profit for that year, are disclosed in note 6. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Fosway Group Limited (Registered number: 03243758) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2023 |
4. | TANGIBLE FIXED ASSETS |
Office |
furniture |
and | Computer |
equipment | equipment | Totals |
£ | £ | £ |
COST |
At 1st September 2022 |
Additions |
At 31st August 2023 |
DEPRECIATION |
At 1st September 2022 |
Charge for year |
At 31st August 2023 |
NET BOOK VALUE |
At 31st August 2023 |
At 31st August 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st September 2022 |
Additions |
At 31st August 2023 |
NET BOOK VALUE |
At 31st August 2023 |
At 31st August 2022 |
The investment comprises 25,000 shares of 1 euro, representing the entire share capital of Fosway GmbH, a company registered in Germany. The company's registered number is HRB 24025. |
As at 31st August 2023, the aggregate of the share capital and reserves of Fosway GmBH amounted to £35,011 and the profit for the year to that date was £5,672. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
Fosway Group Limited (Registered number: 03243758) |
Notes to the Financial Statements - continued |
for the Year Ended 31st August 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31st August 2023 and 31st August 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |