Company Registration No. NI672605 (Northern Ireland)
FARIBO LTD
Unaudited accounts
for the year ended 30 September 2024
FARIBO LTD
Unaudited accounts
Contents
FARIBO LTD
Company Information
for the year ended 30 September 2024
Company Number
NI672605 (Northern Ireland)
Registered Office
UNIT 17 18 COOKSTOWN ROAD
DUNGANNON
BT71 4BG
NORTHERN IRELAND
FARIBO LTD
Statement of financial position
as at 30 September 2024
Tangible assets
64,330
74,500
Inventories
251,250
243,550
Cash at bank and in hand
3,090
39,748
Creditors: amounts falling due within one year
(181,868)
(227,451)
Net current assets
72,472
55,847
Net assets
136,802
130,347
Called up share capital
1
1
Profit and loss account
136,801
130,346
Shareholders' funds
136,802
130,347
For the year ending 30 September 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2024 and were signed on its behalf by
Faruk Yildirim
Director
Company Registration No. NI672605
FARIBO LTD
Notes to the Accounts
for the year ended 30 September 2024
FARIBO LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI672605. The registered office is UNIT 17 18 COOKSTOWN ROAD, DUNGANNON, BT71 4BG, NORTHERN IRELAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
87,500
-
87,500
At 30 September 2024
90,250
772
91,022
At 1 October 2023
13,000
-
13,000
Charge for the year
13,538
154
13,692
At 30 September 2024
26,538
154
26,692
At 30 September 2024
63,712
618
64,330
At 30 September 2023
74,500
-
74,500
FARIBO LTD
Notes to the Accounts
for the year ended 30 September 2024
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
43,252
42,331
Taxes and social security
4,080
6,466
Loans from directors
134,536
178,654
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).