1 July 2023 false No description of principal activity Taxfiler 2024.5 true 12704719business:PrivateLimitedCompanyLtd2023-07-012024-06-30 127047192023-06-30 127047192023-07-012024-06-30 12704719business:AuditExemptWithAccountantsReport2023-07-012024-06-30 12704719business:FilletedAccounts2023-07-012024-06-30 127047192024-06-30 12704719business:Director12023-07-012024-06-30 12704719business:Director22023-07-012024-06-30 12704719business:RegisteredOffice2023-07-012024-06-30 127047192023-06-30 12704719core:WithinOneYear2024-06-30 12704719core:WithinOneYear2023-06-30 12704719core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 12704719core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 12704719core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 12704719core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 12704719core:PreviouslyStatedAmount2024-06-30 12704719core:PreviouslyStatedAmount2023-06-30 12704719business:SmallEntities2023-07-012024-06-30 12704719countries:EnglandWales2023-07-012024-06-30 12704719core:ComputerEquipment2023-07-012024-06-30 12704719core:Goodwill2023-06-30 12704719core:Goodwill2024-06-30 12704719core:Goodwill2023-07-012024-06-30 12704719core:ComputerEquipment2023-06-30 12704719core:ComputerEquipment2024-06-30 12704719business:OrdinaryShareClass12023-07-012024-06-30 12704719business:OrdinaryShareClass12022-07-012023-06-30 127047192022-07-012023-06-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12704719 (England and Wales)
Fou Limited Unaudited accounts for the year ended 30 June 2024
Fou Limited Unaudited accounts Contents
Page
- 2 -
Fou Limited Company Information for the year ended 30 June 2024
Directors
Ms M. J. Fletcher Mrs A. J. Fletcher
Company Number
12704719 (England and Wales)
Registered Office
THE DOWNSHIRE, 71 BALDWINS LANE CROXLEY GREEN RICKMANSWORTH HERTS WD3 3LT UNITED KINGDOM
Accountants
Dempsey & Co The Downshire 71 Baldwins Lane Croxley Green Rickmansworth Herts WD3 3LT
- 3 -
Fou Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,001 
9,334 
Tangible assets
2 
3,062 
8,003 
12,396 
Current assets
Inventories
15,088 
20,434 
Debtors
223 
2,333 
Cash at bank and in hand
971 
1,092 
16,282 
23,859 
Creditors: amounts falling due within one year
(80,570)
(78,875)
Net current liabilities
(64,288)
(55,016)
Total assets less current liabilities
(56,285)
(42,620)
Provisions for liabilities
Deferred tax
- 
(612)
Net liabilities
(56,285)
(43,232)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(56,385)
(43,332)
Shareholders' funds
(56,285)
(43,232)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Mrs A. J. Fletcher Director Company Registration No. 12704719
- 4 -
Fou Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Fou Limited is a private company, limited by shares, registered in England and Wales, registration number 12704719. The registered office is THE DOWNSHIRE, 71 BALDWINS LANE, CROXLEY GREEN, RICKMANSWORTH, HERTS, WD3 3LT, UNITED KINGDOM.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover represents net invoiced sales of goods and retail sales to customers, excluding Value Added Tax.
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:
Computer equipment
25% reducing balance
Intangible fixed assets
Goodwill represents the excess of cost of acquisition over the fair value of the separable net asset acquired. Goodwill is amortised through the profit and loss account in equal instalments over its useful life at a rate of 10% per annum.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred taxation is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 5 -
Fou Limited Notes to the Accounts for the year ended 30 June 2024
Going concern
These financial statements have been prepared on a going concern basis.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
13,333 
At 30 June 2024
13,333 
Amortisation
At 1 July 2023
3,999 
Charge for the year
1,333 
At 30 June 2024
5,332 
Net book value
At 30 June 2024
8,001 
At 30 June 2023
9,334 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
12,251 
At 30 June 2024
12,251 
Depreciation
At 1 July 2023
9,189 
Charge for the year
3,060 
At 30 June 2024
12,249 
Net book value
At 30 June 2024
2 
At 30 June 2023
3,062 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
223 
2,333 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
162 
136 
Other creditors
1,540 
1,190 
Loans from directors
78,868 
77,549 
80,570 
78,875 
- 6 -
Fou Limited Notes to the Accounts for the year ended 30 June 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -