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REGISTERED NUMBER: 10568319 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Folio Homes Limited

Folio Homes Limited (Registered number: 10568319)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Folio Homes Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: R W Lindsay





SECRETARY:





REGISTERED OFFICE: c/o Trio Accountancy Services Ltd
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW





REGISTERED NUMBER: 10568319 (England and Wales)





ACCOUNTANTS: Trio Accountancy Services Ltd
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW

Folio Homes Limited (Registered number: 10568319)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,538 17,717

CURRENT ASSETS
Stocks - 183,141
Debtors 5 5,316 6,241
Cash at bank 703,935 451,083
709,251 640,465
CREDITORS
Amounts falling due within one year 6 326,693 333,208
NET CURRENT ASSETS 382,558 307,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

407,096

324,974

CREDITORS
Amounts falling due after more than one
year

7

24,117

34,028
NET ASSETS 382,979 290,946

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 382,978 290,945
SHAREHOLDERS' FUNDS 382,979 290,946

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Folio Homes Limited (Registered number: 10568319)

Balance Sheet - continued
31 January 2024


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 19 July 2024 and were signed by:





R W Lindsay - Director


Folio Homes Limited (Registered number: 10568319)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Folio Homes 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Folio Homes Limited (Registered number: 10568319)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2023 42,001 5,200 47,201
Additions 15,000 - 15,000
At 31 January 2024 57,001 5,200 62,201
DEPRECIATION
At 1 February 2023 27,209 2,275 29,484
Charge for year 7,448 731 8,179
At 31 January 2024 34,657 3,006 37,663
NET BOOK VALUE
At 31 January 2024 22,344 2,194 24,538
At 31 January 2023 14,792 2,925 17,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
VAT 5,045 6,241
Prepayments 271 -
5,316 6,241

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors (372 ) -
Tax 38,184 35,259
Wage Control Account (3,103 ) -
Directors' current accounts 289,984 296,349
Accrued expenses 2,000 1,600
326,693 333,208

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Other loans - 2-5 years 24,117 34,028