2023-04-122024-03-312024-03-31false14794111FOSSIL ENTERPRISES 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FOSSIL ENTERPRISES LIMITED

Registered Number
14794111
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

FOSSIL ENTERPRISES LIMITED
Company Information
for the period from 12 April 2023 to 31 March 2024

Director

Raz Olsher

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

14794111 (England and Wales)
FOSSIL ENTERPRISES LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

£

£

Current assets
Debtors35,357
Cash at bank and on hand28,718
34,075
Creditors amounts falling due within one year4(22,247)
Net current assets (liabilities)11,828
Total assets less current liabilities11,828
Net assets11,828
Capital and reserves
Called up share capital10
Profit and loss account11,818
Shareholders' funds11,828
The financial statements were approved and authorised for issue by the Director on 5 November 2024, and are signed on its behalf by:
Raz Olsher
Director
Registered Company No. 14794111
FOSSIL ENTERPRISES LIMITED
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
Fossil Enterprises Limited is a private company, limited by shares and incorporated in England & Wales (registration number: 14794111). The registered office address is 101 New Cavendish Street, London, W1W 6XH.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from rendering of services
Revenue 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

2024
Average number of employees during the year1
3.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables5,357
Total5,357
4.Creditors: amounts due within one year

2024

£
Taxation and social security15,990
Other creditors5,205
Accrued liabilities and deferred income1,052
Total22,247
5.Related party transactions
Included in other creditors is £5,205 owed to the director.