Company registration number 11101025 (England and Wales)
FAMOUS BRAND TRADING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
FAMOUS BRAND TRADING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FAMOUS BRAND TRADING LTD
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
3
141
1,411
Cash at bank and in hand
795
759
936
2,170
Creditors: amounts falling due within one year
4
(3,329)
(1,317)
Net current (liabilities)/assets
(2,393)
853
Creditors: amounts falling due after more than one year
5
(1,403)
(2,139)
Net liabilities
(3,796)
(1,286)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(3,896)
(1,386)
Total equity
(3,796)
(1,286)

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 24 September 2024
Mr A Linacre
Director
Company registration number 11101025 (England and Wales)
FAMOUS BRAND TRADING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Famous Brand Trading Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 40 Blundell Road, Hightown, Liverpool, L38 9EQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Stocks
2023
2022
£
£
Stocks
141
1,411
FAMOUS BRAND TRADING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
717
717
Other creditors
2,612
600
3,329
1,317
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
1,403
2,139
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
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