2022-11-01 2023-10-31 false Capium Accounts Production 1.1 06410637 bus:AbridgedAccounts 2022-11-01 2023-10-31 06410637 bus:Micro-entities 2022-11-01 2023-10-31 06410637 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 06410637 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 06410637 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06410637 2022-11-01 2023-10-31 06410637 2023-10-31 06410637 bus:RegisteredOffice 2022-11-01 2023-10-31 06410637 core:WithinOneYear 2023-10-31 06410637 core:AfterOneYear 2023-10-31 06410637 bus:Director1 2022-11-01 2023-10-31 06410637 bus:Director1 2023-10-31 06410637 bus:Director1 2021-11-01 2022-10-31 06410637 bus:Director2 2022-11-01 2023-10-31 06410637 bus:Director2 2023-10-31 06410637 bus:Director2 2021-11-01 2022-10-31 06410637 2021-11-01 06410637 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 06410637 2021-11-01 2022-10-31 06410637 2022-10-31 06410637 core:WithinOneYear 2022-10-31 06410637 core:AfterOneYear 2022-10-31 06410637 bus:EntityAccountantsOrAuditors 2021-11-01 2022-10-31 06410637 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 06410637 bus:OrdinaryShareClass1 2023-10-31 06410637 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 06410637 bus:OrdinaryShareClass1 2022-10-31 06410637 core:PlantMachinery 2022-11-01 2023-10-31 06410637 core:PlantMachinery 2023-10-31 06410637 core:PlantMachinery 2022-10-31 06410637 core:MotorCars 2022-11-01 2023-10-31 06410637 core:MotorCars 2023-10-31 06410637 core:MotorCars 2022-10-31 06410637 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 06410637 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-10-31 06410637 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 06410637 core:CostValuation core:Non-currentFinancialInstruments 2022-10-31 06410637 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 06410637 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 06410637 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 06410637 core:Non-currentFinancialInstruments 2023-10-31 06410637 core:Non-currentFinancialInstruments 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 06410637
England and Wales

 

 

 

FULWOOD STUD LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Report to the directors on the preparation of the unaudited statutory accounts of Fulwood Stud Ltd for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fulwood Stud Ltd for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Fulwood Stud Ltd, as a body, in accordance with the terms of our engagement letter dated 29 August 2024 . Our work has been undertaken solely to prepare for your approval the accounts of Fulwood Stud Ltd and state those matters that we have agreed to state to the Board of Directors of Fulwood Stud Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fulwood Stud Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Fulwood Stud Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Fulwood Stud Ltd.You consider that Fulwood Stud Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Fulwood Stud Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 October 2023.



....................................................

Akhter's Limited

64 Castle Boulevard
Nottingham
NG7 1FN
29 August 2024
1
  2023   2022
    £ £   £ £
Fixed assets   67,226      82,158 
Current assets 24,985      24,985   
Creditors: amount falling due within one year (5,253)     (57,132)  
Net current assets   19,732      (32,147)
Total assets less current liabilities   86,958      50,011 
Creditors: amount falling due after more than one year   (197,583)     (154,178)
Net assets   (110,625)     (104,167)
 

         
Capital and reserves   (110,625)     (104,167)
 
NOTES TO THE ACCOUNTS

General Information
Fulwood Stud Ltd is a private company, limited by shares, registered in England and Wales, registration number 06410637, registration address 45 Leopold Street, Derby, DE1 2HF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of any trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18 Reducing Balance
Motor Vehicles 18 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 November 2022 98,123    48,142    146,265 
Additions    
Disposals   (6,142)   (6,142)
At 31 October 2023 98,123    42,000    140,123 
Depreciation
At 01 November 2022 44,381    19,726    64,107 
Charge for year 9,673    5,084    14,757 
On disposals   (5,967)   (5,967)
At 31 October 2023 54,054    18,843    72,897 
Net book values
Closing balance as at 31 October 2023 44,069    23,157    67,226 
Opening balance as at 01 November 2022 53,742    28,416    82,158 


3.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 29 August 2024 and were signed on its behalf by:


--------------------------------
Emma Catherina Shally
Director
2