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REGISTERED NUMBER: 04579484 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FOLESHILL WAREHOUSE LIMITED

FOLESHILL WAREHOUSE LIMITED (REGISTERED NUMBER: 04579484)






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


FOLESHILL WAREHOUSE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Matloob Hussain





REGISTERED OFFICE: 346 Foleshill Road
Coventry
West Midlands
CV6 5AJ





REGISTERED NUMBER: 04579484 (England and Wales)

FOLESHILL WAREHOUSE LIMITED (REGISTERED NUMBER: 04579484)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 78,750 78,750
Tangible assets 5 67,034 83,259
145,784 162,009

CURRENT ASSETS
Stocks 53,082 71,570
Debtors 6 30,597 20,213
Cash at bank and in hand 709,934 554,732
793,613 646,515
CREDITORS
Amounts falling due within one year 7 373,577 274,994
NET CURRENT ASSETS 420,036 371,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

565,820

533,530

PROVISIONS FOR LIABILITIES 12,736 15,819
NET ASSETS 553,084 517,711

CAPITAL AND RESERVES
Called up share capital 25,100 25,100
Retained earnings 527,984 492,611
553,084 517,711

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 director acknowledges his 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.

FOLESHILL WAREHOUSE LIMITED (REGISTERED NUMBER: 04579484)

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 by the director and authorised for issue on 16 September 2024 and were signed by:





Matloob Hussain - Director


FOLESHILL WAREHOUSE LIMITED (REGISTERED NUMBER: 04579484)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Foleshill Warehouse Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixture and fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
Motor vehicles 25% on straightline basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

FOLESHILL WAREHOUSE LIMITED (REGISTERED NUMBER: 04579484)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 18 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 175,000
AMORTISATION
At 1 January 2023
and 31 December 2023 96,250
NET BOOK VALUE
At 31 December 2023 78,750
At 31 December 2022 78,750

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 1,856 40,371 102,368 5,071 149,666
Additions - 1,785 - 1,668 3,453
At 31 December 2023 1,856 42,156 102,368 6,739 153,119
DEPRECIATION
At 1 January 2023 1,856 26,367 35,652 2,532 66,407
Charge for year - 2,368 16,679 631 19,678
At 31 December 2023 1,856 28,735 52,331 3,163 86,085
NET BOOK VALUE
At 31 December 2023 - 13,421 50,037 3,576 67,034
At 31 December 2022 - 14,004 66,716 2,539 83,259

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 17,680 4,974
Other debtors 12,917 15,239
30,597 20,213

FOLESHILL WAREHOUSE LIMITED (REGISTERED NUMBER: 04579484)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 118,586 114,151
Taxation and social security 54,553 15,247
Other creditors 200,438 145,596
373,577 274,994