1 October 2023 false No description of principal activity Taxfiler 2024.5 NI672605business:PrivateLimitedCompanyLtd2023-10-012024-09-30 NI6726052023-09-30 NI6726052023-10-012024-09-30 NI672605business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 NI672605business:FilletedAccounts2023-10-012024-09-30 NI6726052024-09-30 NI672605business:Director12023-10-012024-09-30 NI672605business:RegisteredOffice2023-10-012024-09-30 NI6726052023-09-30 NI672605core:WithinOneYear2024-09-30 NI672605core:WithinOneYear2023-09-30 NI672605core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 NI672605core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 NI672605core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 NI672605core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 NI672605core:PreviouslyStatedAmount2024-09-30 NI672605core:PreviouslyStatedAmount2023-09-30 NI672605business:SmallEntities2023-10-012024-09-30 NI672605countries:NorthernIreland2023-10-012024-09-30 NI672605core:PlantMachinery2023-09-30 NI672605core:FurnitureFittings2023-09-30 NI672605core:PlantMachinery2023-10-012024-09-30 NI672605core:FurnitureFittings2023-10-012024-09-30 NI672605core:PlantMachinery2024-09-30 NI672605core:FurnitureFittings2024-09-30 NI6726052022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. NI672605 (Northern Ireland)
FARIBO LTD Unaudited accounts for the year ended 30 September 2024
FARIBO LTD Unaudited accounts Contents
Page
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FARIBO LTD Company Information for the year ended 30 September 2024
Director
Faruk Yildirim
Company Number
NI672605 (Northern Ireland)
Registered Office
UNIT 17 18 COOKSTOWN ROAD DUNGANNON BT71 4BG NORTHERN IRELAND
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FARIBO LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
64,330 
74,500 
Current assets
Inventories
251,250 
243,550 
Cash at bank and in hand
3,090 
39,748 
254,340 
283,298 
Creditors: amounts falling due within one year
(181,868)
(227,451)
Net current assets
72,472 
55,847 
Net assets
136,802 
130,347 
Capital and reserves
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
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FARIBO LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
2,750 
772 
3,522 
At 30 September 2024
90,250 
772 
91,022 
Depreciation
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 
Net book value
At 30 September 2024
63,712 
618 
64,330 
At 30 September 2023
74,500 
- 
74,500 
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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 
181,868 
227,451 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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