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Company Registration No. 8348388 (England and Wales)
Frederick Furness Publishing Ltd Unaudited accounts for the year ended 31 December 2023
Frederick Furness Publishing Ltd Unaudited accounts Contents
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Frederick Furness Publishing Ltd Company Information for the year ended 31 December 2023
Directors
G Furness A Furness
Company Number
8348388 (England and Wales)
Registered Office
The Candlemakers West Street Lewes East Sussex BN7 2NZ
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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Frederick Furness Publishing Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
1 
Current assets
Debtors
137,210 
133,747 
Cash at bank and in hand
8,281 
10,899 
145,491 
144,646 
Creditors: amounts falling due within one year
(132,372)
(120,872)
Net current assets
13,119 
23,774 
Total assets less current liabilities
13,120 
23,775 
Creditors: amounts falling due after more than one year
(13,067)
(23,057)
Net assets
53 
718 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
51 
716 
Shareholders' funds
53 
718 
For the year ending 31 December 2023 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 15 July 2024 and were signed on its behalf by
G Furness Director Company Registration No. 8348388
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Frederick Furness Publishing Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Frederick Furness Publishing Ltd is a private company, limited by shares, registered in England and Wales, registration number 8348388. The registered office is The Candlemakers, West Street, Lewes, East Sussex, BN7 2NZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
5 year straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Frederick Furness Publishing Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
100,000 
At 31 December 2023
100,000 
Amortisation
At 1 January 2023
100,000 
At 31 December 2023
100,000 
Net book value
At 31 December 2023
- 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
6,666 
At 31 December 2023
6,666 
Depreciation
At 1 January 2023
6,665 
At 31 December 2023
6,665 
Net book value
At 31 December 2023
1 
At 31 December 2022
1 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
54,899 
57,591 
Accrued income and prepayments
26,203 
1,000 
Other debtors
56,108 
75,156 
137,210 
133,747 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
11,100 
11,100 
Trade creditors
3,332 
12,008 
Taxes and social security
90,462 
58,394 
Other creditors
26,353 
38,245 
Accruals
1,125 
1,125 
132,372 
120,872 
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Frederick Furness Publishing Ltd Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,067 
23,057 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Loans to directors
During the year the director, G Furness had an overdrawn loan account on which interest was charged at 2.5%. The balance on his loan account as at the year end was £26,732 (2022: £36,453). The maximum balance during the year was £36,543 During the year the director, A Furness had an overdrawn loan account on which interest was charged at 2.5%. The balance on her loan account as at the year end was £26,732 (2022: £36,453). The maximum balance during the year was £36,543
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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