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Registered number: 06470832
FMCG International Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of FMCG International Ltd For The Year Ended 31 January 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of FMCG International Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of FMCG International Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of FMCG International Ltd and state those matters that we have agreed to state to the director of FMCG International Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FMCG International Ltd and its director as a body for our work or for this report.
It is your duty to ensure that FMCG International 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 FMCG International Ltd . You consider that FMCG International Ltd 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 accounts of FMCG International 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.
Signed
30 October 2024
Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB
Page 1
Page 2
Balance Sheet
Registered number: 06470832
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 32,268 21,733
32,268 21,733
CURRENT ASSETS
Stocks 5 20,200 21,600
Debtors 6 84,116 11,315
Cash at bank and in hand 9,322 3,536
113,638 36,451
Creditors: Amounts Falling Due Within One Year 7 (128,048 ) (33,923 )
NET CURRENT ASSETS (LIABILITIES) (14,410 ) 2,528
TOTAL ASSETS LESS CURRENT LIABILITIES 17,858 24,261
Creditors: Amounts Falling Due After More Than One Year 8 (40,037 ) (46,000 )
NET LIABILITIES (22,179 ) (21,739 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (22,180 ) (21,740 )
SHAREHOLDERS' FUNDS (22,179) (21,739)
Page 2
Page 3
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Harvey
Director
30 October 2024
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
FMCG International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06470832 . The registered office is Forest Lodge, Forest Road, Pyrford, Surrey, GU22 8NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 February 2023 84,495 73,051 85,969 243,515
Additions - - 23,867 23,867
As at 31 January 2024 84,495 73,051 109,836 267,382
Depreciation
As at 1 February 2023 84,494 52,535 84,753 221,782
Provided during the period - 6,835 6,497 13,332
As at 31 January 2024 84,494 59,370 91,250 235,114
Net Book Value
As at 31 January 2024 1 13,681 18,586 32,268
As at 1 February 2023 1 20,516 1,216 21,733
5. Stocks
2024 2023
£ £
Finished goods 20,200 21,600
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,710 11,315
Other debtors 6,406 -
84,116 11,315
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 118,455 12,764
Taxation and social security 9,593 21,159
128,048 33,923
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 40,037 46,000
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6