IRIS Accounts Production v24.2.0.383 04524211 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045242112022-12-31045242112023-12-31045242112023-01-012023-12-31045242112021-12-31045242112022-01-012022-12-31045242112022-12-3104524211ns15:EnglandWales2023-01-012023-12-3104524211ns14:PoundSterling2023-01-012023-12-3104524211ns10:Director12023-01-012023-12-3104524211ns10:Director22023-01-012023-12-3104524211ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104524211ns10:SmallEntities2023-01-012023-12-3104524211ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104524211ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104524211ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104524211ns10:FullAccounts2023-01-012023-12-3104524211ns10:RegisteredOffice2023-01-012023-12-3104524211ns5:CurrentFinancialInstruments2023-12-3104524211ns5:CurrentFinancialInstruments2022-12-3104524211ns5:ShareCapital2023-12-3104524211ns5:ShareCapital2022-12-3104524211ns5:CapitalRedemptionReserve2023-12-3104524211ns5:CapitalRedemptionReserve2022-12-3104524211ns5:RetainedEarningsAccumulatedLosses2023-12-3104524211ns5:RetainedEarningsAccumulatedLosses2022-12-3104524211ns5:PlantMachinery2023-01-012023-12-3104524211ns5:FurnitureFittings2023-01-012023-12-3104524211ns5:ComputerEquipment2023-01-012023-12-3104524211ns5:PlantMachinery2022-12-3104524211ns5:FurnitureFittings2022-12-3104524211ns5:ComputerEquipment2022-12-3104524211ns5:PlantMachinery2023-12-3104524211ns5:FurnitureFittings2023-12-3104524211ns5:ComputerEquipment2023-12-3104524211ns5:PlantMachinery2022-12-3104524211ns5:FurnitureFittings2022-12-3104524211ns5:ComputerEquipment2022-12-3104524211ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104524211ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3104524211ns5:WithinOneYear2023-12-3104524211ns5:WithinOneYear2022-12-3104524211ns5:BetweenOneFiveYears2023-12-3104524211ns5:BetweenOneFiveYears2022-12-3104524211ns5:AllPeriods2023-12-3104524211ns5:AllPeriods2022-12-31
REGISTERED NUMBER: 04524211 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FALL OFF THE WALL LIMITED

FALL OFF THE WALL LIMITED (REGISTERED NUMBER: 04524211)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FALL OFF THE WALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R L Byrne
J P Smith





REGISTERED OFFICE: 7-8 Portmill Lane
HITCHIN
Hertfordshire
SG5 1DJ





REGISTERED NUMBER: 04524211 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

FALL OFF THE WALL LIMITED (REGISTERED NUMBER: 04524211)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 61,421 109,890

CURRENT ASSETS
Inventories - 12,275
Debtors 5 4,281,321 3,839,857
Cash at bank and in hand 2,181,641 2,944,041
6,462,962 6,796,173
CREDITORS
Amounts falling due within one year 6 601,901 857,523
NET CURRENT ASSETS 5,861,061 5,938,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,922,482

6,048,540

PROVISIONS FOR LIABILITIES (11,663 ) 4,213
NET ASSETS 5,934,145 6,044,327

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 103 103
Retained earnings 5,933,842 6,044,024
SHAREHOLDERS' FUNDS 5,934,145 6,044,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

FALL OFF THE WALL LIMITED (REGISTERED NUMBER: 04524211)

BALANCE SHEET - continued
31 DECEMBER 2023


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 and authorised for issue by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:




R L Byrne - Director



J P Smith - Director


FALL OFF THE WALL LIMITED (REGISTERED NUMBER: 04524211)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Fall Off The Wall Limited is a private company, limited by shares, registered in England and Wales. The company's registered office address is 7-8 Portmill Lane, Hitchin, Hertfordshire, England, SG5 1DJ.

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 and on a going concern basis.

Revenue
Revenue 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 - 18% on cost
Fixtures and fittings - 18% on cost
Computer equipment - 18% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


FALL OFF THE WALL LIMITED (REGISTERED NUMBER: 04524211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 17 (2022 - 20 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 13,874 66,451 526,704 607,029
Additions - 538 35,375 35,913
Disposals - - (91,507 ) (91,507 )
At 31 December 2023 13,874 66,989 470,572 551,435
DEPRECIATION
At 1 January 2023 12,731 63,743 420,665 497,139
Charge for year 658 1,854 53,171 55,683
Eliminated on disposal - - (62,808 ) (62,808 )
At 31 December 2023 13,389 65,597 411,028 490,014
NET BOOK VALUE
At 31 December 2023 485 1,392 59,544 61,421
At 31 December 2022 1,143 2,708 106,039 109,890

All fixed assets are initially recorded at cost.

FALL OFF THE WALL LIMITED (REGISTERED NUMBER: 04524211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 469,831 717,591
Other debtors 3,811,490 3,122,266
4,281,321 3,839,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 136,228 237,154
Taxation and social security 90,671 353,458
Other creditors 375,002 266,911
601,901 857,523

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 70,000 61,667
Between one and five years 256,667 128,333
326,667 190,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Director 1
Balance outstanding at start of year 811,694 711,544
Amounts advanced 103,406 265,960
Amounts repaid (3,000 ) (165,810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 912,100 811,694

FALL OFF THE WALL LIMITED (REGISTERED NUMBER: 04524211)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Director 2
Balance outstanding at start of year (45,808 ) 74,342
Amounts advanced 630,997 45,817
Amounts repaid (3,612 ) (165,967 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 581,577 (45,808 )

9. RELATED PARTY DISCLOSURES

During the year, the company sold services amounting to £54,666 (2022: £312,000) to
STA.TV Limited, a company in which Mr J Byrne has a controlling interest. These services were
provided on an arm’s length basis. There were no amounts outstanding to or from the company
at the period end (2022: £Nil).