Company Registration No. 12091594 (England and Wales)
FELLOWSHIP GROUP LTD
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
FELLOWSHIP GROUP LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FELLOWSHIP GROUP LTD
Company Registration No. 12091594
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
14,124
18,066
Current assets
Stocks
540
15,499
Debtors
4
-
0
8,217
Cash at bank and in hand
5,715
10,070
6,255
33,786
Creditors: amounts falling due within one year
5
(84,090)
(88,210)
Net current liabilities
(77,835)
(54,424)
Net liabilities
(63,711)
(36,358)
Capital and reserves
Called up share capital
6
12,501
12,501
Share premium account
169,250
169,250
Profit and loss reserves
(245,462)
(218,109)
Total equity
(63,711)
(36,358)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 October 2024 and are signed on its behalf by:
A Cooper
Director
FELLOWSHIP GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024
- 2 -
1
Accounting policies
Company information

Fellowship Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Old Rectory, Church Street, Weybridge, England, KT13 8DE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

During the year the company made a net loss of £true27,353 and at the balance sheet date has net liabilities of £63,711. Included in creditors are amounts owed to the directors of £40,958.

 

The directors have confirmed that they will continue to support the company and are confident that it has adequate resources to continue in operational existence for the foreseeable future and meet its financial obligations. Therefore they continue to adopt the going concern basis of accounting in preparing the annual financial statements

1.3
Reporting period

The accounts have been extended to show a reporting period from 1 August 2022 to 31 January 2024, this represents a period of 18 months.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.5
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
5 years straight line
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

FELLOWSHIP GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2022
Number
Number
Total
2
2
3
Intangible fixed assets
Website
£
Cost
At 1 August 2022 and 31 January 2024
19,708
Amortisation and impairment
At 1 August 2022
1,642
Amortisation charged for the Period
3,942
At 31 January 2024
5,584
Carrying amount
At 31 January 2024
14,124
At 31 July 2022
18,066
FELLOWSHIP GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2024
- 4 -
4
Debtors
2024
2022
Amounts falling due within one year:
£
£
Other debtors
-
0
8,217
5
Creditors: amounts falling due within one year
2024
2022
£
£
Trade creditors
-
0
4,920
Taxation and social security
176
-
0
Other creditors
83,914
83,290
84,090
88,210
6
Called up share capital
2024
2022
2024
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
12,501
12,501
12,501
12,501
7
Related party transactions

At the balance sheet date the company owed £40,656 (2022 - £40,577) to the director D Morris. This loan is interest free.

 

At the balance sheet date the company owed £301 (2022, the company was owed from the director - £80) to the director A Cooper. This loan is interest free.

 

At the balance sheet date the company owed £41,107 (2022 - £41,063) to Dru Cooper Limited. This loan is interest free.

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