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REGISTERED NUMBER: 09346975 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Farback Limited

Farback Limited (Registered number: 09346975)






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


Farback Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Miss M L Durkan





REGISTERED OFFICE: 29a Warrington Crescent
London
W9 1EJ





REGISTERED NUMBER: 09346975 (England and Wales)





ACCOUNTANTS: Appleton Richardson & Co
Forensic Accountants
272 Wilford Lane
Wilford
Nottingham
Nottinghamshire
NG11 7AW

Farback Limited (Registered number: 09346975)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,371 8,494

CURRENT ASSETS
Debtors 5 12,872 11,116
Cash at bank 539,935 241,520
552,807 252,636
CREDITORS
Amounts falling due within one year 6 130,274 41,407
NET CURRENT ASSETS 422,533 211,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,904

219,723

CREDITORS
Amounts falling due after more than one
year

7

140,299

28,500
NET ASSETS 288,605 191,223

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 288,604 191,222
288,605 191,223

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 her 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.

Farback Limited (Registered number: 09346975)

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 12 September 2024 and were signed by:





Miss M L Durkan - Director


Farback Limited (Registered number: 09346975)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Farback 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.

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

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.

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 2 (2022 - 2 ) .

Farback Limited (Registered number: 09346975)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 16,186
DEPRECIATION
At 1 January 2023 7,692
Charge for year 2,123
At 31 December 2023 9,815
NET BOOK VALUE
At 31 December 2023 6,371
At 31 December 2022 8,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 12,872 11,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 5,226 12,278
Taxation and social security 56,352 17,966
Other creditors 68,696 11,163
130,274 41,407

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 140,299 28,500

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Within Other Creditors is an amount owed to the director of £68,695.60 (£8,163.00 2022) the Directors loan account remains in credit at the start and end of the year.