Company Registration No. 12704719 (England and Wales)
Fou Limited
Unaudited accounts
for the year ended 30 June 2024
Fou Limited
Unaudited accounts
Contents
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
Fou Limited
Statement of financial position
as at 30 June 2024
Intangible assets
8,001
9,334
Cash at bank and in hand
971
1,092
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
Net liabilities
(56,285)
(43,232)
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
Fou Limited
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 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 is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
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.
Fou Limited
Notes to the Accounts
for the year ended 30 June 2024
These financial statements have been prepared on a going concern basis.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,540
1,190
Loans from directors
78,868
77,549
Fou Limited
Notes to the Accounts
for the year ended 30 June 2024
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).