MADAME FONER LIMITED

Company Registration Number:
00545171 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

MADAME FONER LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes

MADAME FONER LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,864 4,892
Total fixed assets: 3,864 4,892
Current assets
Stocks: 4 28,274 30,546
Debtors: 5 116 116
Cash at bank and in hand: 6,292 7,328
Total current assets: 34,682 37,990
Creditors: amounts falling due within one year: 6 ( 22,225 ) ( 30,412 )
Net current assets (liabilities): 12,457 7,578
Total assets less current liabilities: 16,321 12,470
Creditors: amounts falling due after more than one year: 7 ( 32,938 ) ( 39,071 )
Total net assets (liabilities): (16,617) (26,601)
Capital and reserves
Called up share capital: 1,500 1,500
Profit and loss account: (18,117 ) (28,101 )
Total Shareholders' funds: ( 16,617 ) (26,601)

The notes form part of these financial statements

MADAME FONER LIMITED

Balance sheet statements

For the year ending 31 March 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: A Vaughan
Status: Director

The notes form part of these financial statements

MADAME FONER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Fixtures & fittings 15% Straight line

    Other accounting policies

    Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the

MADAME FONER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

MADAME FONER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 41,730 41,730
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 41,730 41,730
Depreciation
At 1 April 2023 36,838 36,838
Charge for year 1,028 1,028
On disposals
Other adjustments
At 31 March 2024 37,866 37,866
Net book value
At 31 March 2024 3,864 3,864
At 31 March 2023 4,892 4,892

MADAME FONER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 28,274 30,546
Total 28,274 30,546

MADAME FONER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 116 116
Total 116 116

MADAME FONER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 6,024 5,844
Trade creditors 9,693 12,976
Taxation and social security 3,416 3,012
Accruals and deferred income 1,021 1,011
Other creditors 2,071 7,569
Total 22,225 30,412

MADAME FONER LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 32,938 39,071
Total 32,938 39,071