Faace Limited 11782441 retail false 1 February 2023 11782441 2023-02-01 2024-01-31 11782441 2023-01-31 11782441 2024-01-31 11782441 2022-02-01 2023-01-31 11782441 2022-01-31 11782441 2023-01-31 11782441 frs102-bus:FRS102 2023-02-01 2024-01-31 11782441 frs102-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11782441 frs102-bus:FullAccounts 2023-02-01 2024-01-31 11782441 frs102-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11782441 frs102-core:CurrentFinancialInstruments 2024-01-31 11782441 frs102-core:CurrentFinancialInstruments 2023-01-31 11782441 frs102-core:Non-currentFinancialInstruments 2024-01-31 11782441 frs102-core:Non-currentFinancialInstruments 2023-01-31 11782441 frs102-core:ShareCapital 2024-01-31 11782441 frs102-core:ShareCapital 2023-01-31 11782441 frs102-core:SharePremium 2024-01-31 11782441 frs102-core:SharePremium 2023-01-31 11782441 frs102-core:RetainedEarningsAccumulatedLosses 2024-01-31 11782441 frs102-core:RetainedEarningsAccumulatedLosses 2023-01-31 11782441 frs102-bus:Director1 2023-02-01 2024-01-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
11782441
Faace Limited
Unaudited Accounts
for the year ended
31 January 2024
Faace Limited
Balance Sheet
as at 31 January 2024
Notes
2024
£
2023
£
Current assets
Stocks 76,750 85,000
Debtors 5,244 24,803
Cash at bank and in hand 8,751 15,378
90,745 125,181
Creditors: amounts falling due within one year (196,179) (7,094)
Net current assets / (liabilities) (105,434) 118,087
Total assets less current liabilities (105,434) 118,087
Creditors: amounts falling due after more than one year (0) (111,906)
Provisions for liabilities (0) (0)
Total net assets (liabilities) (105,434) 6,181
Capital and reserves
Called up share capital 197 187
Share premium account 452,154 387,396
Profit and loss account (557,785) (381,402)
Shareholders' funds (105,434) 6,181

Faace Limited
Balance Sheet
as at 31 January 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

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

Mrs J Wicks-stephens

Director


Approved by the board on 29 October 2024

Company Number: 11782441 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

The Offices
57 Newtown Road
Brighton
East Sussex
BN3 7BA
England

Faace Limited
Notes to the Accounts
for the year ended 31 January 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
2. Employees
2024 2023
Average number of employees during the period 1 1