F. Schumacher & Co. Uk Ltd 12946643 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Retail sale of textiles in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true true 12946643 2023-01-01 2023-12-31 12946643 2023-12-31 12946643 bus:OrdinaryShareClass1 2023-12-31 12946643 core:RetainedEarningsAccumulatedLosses 2023-12-31 12946643 core:ShareCapital 2023-12-31 12946643 core:CurrentFinancialInstruments 2023-12-31 12946643 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12946643 core:FurnitureFittingsToolsEquipment 2023-12-31 12946643 core:LandBuildings 2023-12-31 12946643 core:OtherPropertyPlantEquipment 2023-12-31 12946643 bus:SmallEntities 2023-01-01 2023-12-31 12946643 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12946643 bus:AbridgedAccounts 2023-01-01 2023-12-31 12946643 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12946643 bus:RegisteredOffice 2023-01-01 2023-12-31 12946643 bus:Director1 2023-01-01 2023-12-31 12946643 bus:Director2 2023-01-01 2023-12-31 12946643 bus:Director4 2023-01-01 2023-12-31 12946643 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12946643 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12946643 bus:Agent1 2023-01-01 2023-12-31 12946643 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12946643 core:ShareCapital 2023-01-01 2023-12-31 12946643 core:ComputerEquipment 2023-01-01 2023-12-31 12946643 core:FurnitureFittings 2023-01-01 2023-12-31 12946643 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 12946643 core:LandBuildings 2023-01-01 2023-12-31 12946643 core:LeaseholdImprovements 2023-01-01 2023-12-31 12946643 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 12946643 countries:EnglandWales 2023-01-01 2023-12-31 12946643 2022-12-31 12946643 core:RetainedEarningsAccumulatedLosses 2022-12-31 12946643 core:ShareCapital 2022-12-31 12946643 2022-01-01 2022-12-31 12946643 2022-12-31 12946643 bus:OrdinaryShareClass1 2022-12-31 12946643 core:CurrentFinancialInstruments 2022-12-31 12946643 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12946643 core:FurnitureFittingsToolsEquipment 2022-12-31 12946643 core:LandBuildings 2022-12-31 12946643 core:OtherPropertyPlantEquipment 2022-12-31 12946643 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 12946643 core:ShareCapital 2022-01-01 2022-12-31 12946643 2021-12-31 12946643 core:RetainedEarningsAccumulatedLosses 2021-12-31 12946643 core:ShareCapital 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12946643

F. Schumacher & Co. Uk Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

F. Schumacher & Co. Uk Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

F. Schumacher & Co. Uk Ltd

Company Information

Directors

Mr Benjamin Ernst Ferdinand Frowein

Mr Timur Yumusaklar

Antonella Pilo

Registered office

The Long Lodge
265-269 Kingston Road
London
London
SW19 3NW

Accountants

TAX LINK (CTA) LIMITED
Chartered Accountants & Tax Advisors
The Long Lodge
265-269 Kingston Road
Wimbledon
London
SW19 3NW

 

F. Schumacher & Co. Uk Ltd

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the abridged financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Mr Benjamin Ernst Ferdinand Frowein

Mr Timur Yumusaklar

Antonella Pilo

Principal activity

The principal activity of the company is Retail sale of textiles in specialised stores

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
Mr Benjamin Ernst Ferdinand Frowein
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
F. Schumacher & Co. Uk Ltd
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F. Schumacher & Co. Uk Ltd for the year ended 31 December 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of F. Schumacher & Co. Uk Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of F. Schumacher & Co. Uk Ltd and state those matters that we have agreed to state to the Board of Directors of F. Schumacher & Co. Uk Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F. Schumacher & Co. Uk Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that F. Schumacher & Co. Uk Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of F. Schumacher & Co. Uk Ltd. You consider that F. Schumacher & Co. Uk Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of F. Schumacher & Co. Uk Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

TAX LINK (CTA) LIMITED
Chartered Accountants & Tax Advisors
The Long Lodge
265-269 Kingston Road
Wimbledon
London
SW19 3NW

11 September 2024

 

F. Schumacher & Co. Uk Ltd

Abridged Profit and Loss Account for the Year Ended 31 December 2023

Note

2023
£

2022
£

Gross profit/(loss)

 

1,088,686

(106,925)

Administrative expenses

 

(1,650,203)

(1,675,481)

Loss before tax

(561,517)

(1,782,406)

Loss for the financial year

 

(561,517)

(1,782,406)

The company has no recognised gains or losses for the year other than the results above.

 

F. Schumacher & Co. Uk Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2023

2023
£

2022
£

Loss for the year

(561,517)

(1,782,406)

Total comprehensive income for the year

(561,517)

(1,782,406)

 

F. Schumacher & Co. Uk Ltd

(Registration number: 12946643)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

114,938

71,110

Current assets

 

Debtors

5

(3,572,291)

(3,248,523)

Cash at bank and in hand

 

63,880

128,548

 

(3,508,411)

(3,119,975)

Prepayments and accrued income

 

55,142

144,382

Creditors: Amounts falling due within one year

(256,543)

(128,874)

Net current liabilities

 

(3,709,812)

(3,104,467)

Net liabilities

 

(3,594,874)

(3,033,357)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(3,594,974)

(3,033,457)

Shareholders' deficit

 

(3,594,874)

(3,033,357)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 11 September 2024 and signed on its behalf by:
 

.........................................
Mr Benjamin Ernst Ferdinand Frowein
Director

 

F. Schumacher & Co. Uk Ltd

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

100

(3,033,457)

(3,033,357)

Loss for the year

-

(561,517)

(561,517)

At 31 December 2023

100

(3,594,974)

(3,594,874)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2022

100

(1,251,051)

(1,250,951)

Loss for the year

-

(1,782,406)

(1,782,406)

At 31 December 2022

100

(3,033,457)

(3,033,357)

 

F. Schumacher & Co. Uk Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Long Lodge
265-269 Kingston Road
London
London
SW19 3NW
United Kingdom

These financial statements were authorised for issue by the Board on 11 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

F. Schumacher & Co. Uk Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

Straight line - 33.33%

Computer equipment

Straight line - 33.33%

Furniture and fitings

Straight line - 33.33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

F. Schumacher & Co. Uk Ltd

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2022 - 12).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

76,024

9,992

187,598

273,614

At 31 December 2023

76,024

9,992

187,598

273,614

Depreciation

Charge for the year

74,434

7,138

77,104

158,676

At 31 December 2023

74,434

7,138

77,104

158,676

Carrying amount

At 31 December 2023

1,590

2,854

110,494

114,938

At 31 December 2022

27,705

5,905

37,500

71,110

Included within the net book value of land and buildings above is £1,590 (2022 - £27,705) in respect of short leasehold land and buildings.
 

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

7

Dividends