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REGISTERED NUMBER: 04347820 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

The Fent Shop Limited

The Fent Shop Limited (Registered number: 04347820)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 5

Chartered Accountants' Report 9

The Fent Shop Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: B G Duckworth
Mrs N M Duckworth





REGISTERED OFFICE: Bay Horse Farm
Thorlby
Skipton
North Yorkshire
BD23 3LL





REGISTERED NUMBER: 04347820 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS

The Fent Shop Limited (Registered number: 04347820)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 43,250 43,948
43,250 43,948

CURRENT ASSETS
Stocks 7 38,000 28,000
Debtors 8 2,911 11,837
Cash at bank and in hand 1,132 721
42,043 40,558
CREDITORS
Amounts falling due within one year 9 (74,121 ) (47,644 )
NET CURRENT LIABILITIES (32,078 ) (7,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,172

36,862

CREDITORS
Amounts falling due after more than one
year

10

(31,169

)

(36,397

)

PROVISIONS FOR LIABILITIES 11 (356 ) (441 )
NET (LIABILITIES)/ASSETS (20,353 ) 24

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings (20,355 ) 22
SHAREHOLDERS' FUNDS (20,353 ) 24

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 directors acknowledge their 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.

The Fent Shop Limited (Registered number: 04347820)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The Fent Shop Limited (Registered number: 04347820)

Statement of Financial Position - continued
31 January 2024



The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mrs N M Duckworth - Director


The Fent Shop Limited (Registered number: 04347820)

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

1. STATUTORY INFORMATION

The Fent Shop 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, has been amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


The Fent Shop Limited (Registered number: 04347820)

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

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The financial statements have been prepared on the going concern basis, this is on the assumption of continued financial support by the directors for a period of not less than 12 months from the date the financial statements are approved.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 20,000
AMORTISATION
At 1 February 2023
and 31 January 2024 20,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

6. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 40,100 39,977 29,234 2,525 111,836
DEPRECIATION
At 1 February 2023 - 37,242 28,208 2,438 67,888
Charge for year - 424 257 17 698
At 31 January 2024 - 37,666 28,465 2,455 68,586
NET BOOK VALUE
At 31 January 2024 40,100 2,311 769 70 43,250
At 31 January 2023 40,100 2,735 1,026 87 43,948

The Fent Shop Limited (Registered number: 04347820)

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

7. STOCKS
31.1.24 31.1.23
£    £   
Stocks 38,000 28,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 2,297 3,559
Directors' current accounts - 7,765
Prepayments 614 513
2,911 11,837

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 52,637 11,689
Trade creditors 14,579 28,146
Social security and other taxes 51 7
VAT 3,110 5,602
Directors' current accounts 1,434 -
Accrued expenses 2,310 2,200
74,121 47,644

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 5,095 5,095
Bank loans - 2-5 years 15,344 15,344
Bank loans more 5 yr by instal 10,730 15,958
31,169 36,397

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,730 15,958

11. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 356 441

The Fent Shop Limited (Registered number: 04347820)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 441
Provided during year (85 )
Balance at 31 January 2024 356

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mrs N M Duckworth
Balance outstanding at start of year 4,818 -
Amounts advanced - 4,818
Amounts repaid (4,818 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,818

B G Duckworth
Balance outstanding at start of year 2,946 -
Amounts advanced - 2,946
Amounts repaid (2,946 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,946

14. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their shareholding.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Fent Shop Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Fent Shop Limited for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Fent Shop Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Fent Shop Limited and state those matters that we have agreed to state to the Board of Directors of The Fent Shop Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Fent Shop Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Fent Shop Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Fent Shop Limited. You consider that The Fent Shop Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Fent Shop Limited. 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 statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
BD21 3DS


29 October 2024