Registered number
04707535
FGHC Ltd
Filleted Accounts
5 April 2024
FGHC Ltd
Registered number: 04707535
Balance Sheet
as at 5 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,621 1,009
Current assets
Cash at bank and in hand 3,048 2,673
Creditors: amounts falling due within one year 4 (4,575) (4,003)
Net current liabilities (1,527) (1,330)
Net assets/(liabilities) 94 (321)
Capital and reserves
Called up share capital 1 1
Profit and loss account 93 (322)
Shareholder's funds 94 (321)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Bolding
Director
Approved by the board on 24 October 2024
FGHC Ltd
Notes to the Accounts
for the year ended 5 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 6 April 2023 17,545
Additions 1,152
At 5 April 2024 18,697
Depreciation
At 6 April 2023 16,536
Charge for the year 540
At 5 April 2024 17,076
Net book value
At 5 April 2024 1,621
At 5 April 2023 1,009
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,705 2,911
Director's loan account 270 492
Accruals 600 600
4,575 4,003
During the year, the company made advances of £2,052 (2023 £496) to the director. These advances were repaid in full prior to the respective year ends. All advances were interest-free, and were repayable on demand.
5 Other information
FGHC Ltd is a private company limited by shares and incorporated in Cardiff. Its registered office is:
14 Ash Grove
Congleton
CW12 4PN
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