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REGISTERED NUMBER: 05848602 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

FOUNTAIN TRADING LIMITED

FOUNTAIN TRADING LIMITED (REGISTERED NUMBER: 05848602)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FOUNTAIN TRADING LIMITED

Company Information
for the year ended 31 December 2023







Directors: Mr S A Wright
Mrs J M Wright





Secretary: Mrs J M Wright





Registered office: 11 Ashburnham Gardens
Upminster
Essex
RM14 1XA





Registered number: 05848602 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

FOUNTAIN TRADING LIMITED (REGISTERED NUMBER: 05848602)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 20,943 27,533
Investments 5 100 50
21,043 27,583

Current assets
Debtors 6 36,683 481
Cash at bank 1,049 1,137
37,732 1,618
Creditors
Amounts falling due within one year 7 7,869 2,280
Net current assets/(liabilities) 29,863 (662 )
Total assets less current liabilities 50,906 26,921

Creditors
Amounts falling due after more than one
year

8

(36,479

)

(40,319

)

Provisions for liabilities 9 (3,979 ) (5,231 )
Net assets/(liabilities) 10,448 (18,629 )

Capital and reserves
Called up share capital 10 111 111
Retained earnings 10,337 (18,740 )
Shareholders' funds 10,448 (18,629 )

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.

FOUNTAIN TRADING LIMITED (REGISTERED NUMBER: 05848602)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





Mr S A Wright - Director


FOUNTAIN TRADING LIMITED (REGISTERED NUMBER: 05848602)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Fountain Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FOUNTAIN TRADING LIMITED (REGISTERED NUMBER: 05848602)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 January 2023 31,999 2,302 34,301
Additions - 332 332
At 31 December 2023 31,999 2,634 34,633
Depreciation
At 1 January 2023 6,400 368 6,768
Charge for year 6,400 522 6,922
At 31 December 2023 12,800 890 13,690
Net book value
At 31 December 2023 19,199 1,744 20,943
At 31 December 2022 25,599 1,934 27,533

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2023 50
Additions 50
At 31 December 2023 100
Net book value
At 31 December 2023 100
At 31 December 2022 50

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 4,800 -
Other debtors 31,883 481
36,683 481

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 2,370 548
Taxation and social security 3,869 102
Other creditors 1,630 1,630
7,869 2,280

FOUNTAIN TRADING LIMITED (REGISTERED NUMBER: 05848602)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 36,479 40,319

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 3,979 5,231

Deferred
tax
£   
Balance at 1 January 2023 5,231
Provided during year (1,252 )
Balance at 31 December 2023 3,979

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 110 110
1 Preference £1 1 1
111 111

11. Directors' advances, credits and guarantees

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

2023 2022
£    £   
Mr S A Wright
Balance outstanding at start of year (40,319 ) (51,020 )
Amounts repaid 3,840 10,701
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,479 ) (40,319 )