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Company Registration No. 12352989 (England and Wales)
FONE TOWN LTD Unaudited accounts for the year ended 31 December 2023
FONE TOWN LTD Unaudited accounts Contents
Page
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FONE TOWN LTD Company Information for the year ended 31 December 2023
Director
Dawood Galaria
Company Number
12352989 (England and Wales)
Registered Office
FLETCHERS & DOSANIS ACCOUNTANTS 513 LOND CHEAM SUTTON SURREY SM3 8JR UNITED KINGDOM
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FONE TOWN LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,000 
15,000 
Tangible assets
10,748 
11,047 
25,748 
26,047 
Current assets
Cash at bank and in hand
15,472 
11,602 
Creditors: amounts falling due within one year
(46,115)
(43,561)
Net current liabilities
(30,643)
(31,959)
Total assets less current liabilities
(4,895)
(5,912)
Creditors: amounts falling due after more than one year
(14,500)
(14,084)
Net liabilities
(19,395)
(19,996)
Capital and reserves
Called up share capital
1 
100 
Profit and loss account
(19,396)
(20,096)
Shareholders' funds
(19,395)
(19,996)
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 director acknowledges his 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 and authorised for issue on 12 September 2024 and were signed on its behalf by
Dawood Galaria Director Company Registration No. 12352989
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FONE TOWN LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
FONE TOWN LTD is a private company, limited by shares, registered in England and Wales, registration number 12352989. The registered office is FLETCHERS & DOSANIS ACCOUNTANTS 513 LOND, CHEAM, SUTTON, SURREY, SM3 8JR, UNITED KINGDOM.
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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
15,000 
At 31 December 2023
15,000 
Amortisation
At 1 January 2023
- 
At 31 December 2023
- 
Net book value
At 31 December 2023
15,000 
At 31 December 2022
15,000 
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FONE TOWN LTD Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
20,000 
1,050 
21,050 
Additions
- 
2,388 
2,388 
At 31 December 2023
20,000 
3,438 
23,438 
Depreciation
At 1 January 2023
9,504 
499 
10,003 
Charge for the year
2,099 
588 
2,687 
At 31 December 2023
11,603 
1,087 
12,690 
Net book value
At 31 December 2023
8,397 
2,351 
10,748 
At 31 December 2022
10,496 
551 
11,047 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
1,279 
187 
Other creditors
5,000 
3,200 
Loans from directors
33,814 
34,174 
Accruals
22 
- 
46,115 
43,561 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,500 
14,084 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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