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REGISTERED NUMBER: 03740242 (England and Wales)














F.A. OST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






F.A. OST LIMITED (REGISTERED NUMBER: 03740242)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F.A. OST LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: D Rajani





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 03740242 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

F.A. OST LIMITED (REGISTERED NUMBER: 03740242)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,828 15,018

CURRENT ASSETS
Stocks 58,810 65,091
Debtors 6 129,892 119,083
Cash at bank and in hand 188,720 110,919
377,422 295,093
CREDITORS
Amounts falling due within one year 7 327,862 237,842
NET CURRENT ASSETS 49,560 57,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,388

72,269

PROVISIONS FOR LIABILITIES 7,457 3,755
NET ASSETS 71,931 68,514

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 71,929 68,512
SHAREHOLDERS' FUNDS 71,931 68,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

F.A. OST LIMITED (REGISTERED NUMBER: 03740242)

BALANCE SHEET - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 November 2024 and were signed by:





D Rajani - Director


F.A. OST LIMITED (REGISTERED NUMBER: 03740242)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

F.A. Ost Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

F.A. OST LIMITED (REGISTERED NUMBER: 03740242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 53,954
Additions 21,711
Disposals (8,845 )
At 29 February 2024 66,820
DEPRECIATION
At 1 March 2023 38,936
Charge for year 6,804
Eliminated on disposal (8,748 )
At 29 February 2024 36,992
NET BOOK VALUE
At 29 February 2024 29,828
At 28 February 2023 15,018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,034 87,948
Other debtors 33,858 31,135
129,892 119,083

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 204,582 167,964
Amounts owed to group undertakings 58,400 -
Taxation and social security 1,403 26,266
Other creditors 63,477 43,612
327,862 237,842

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 ORDINARY £1 2 2

F.A. OST LIMITED (REGISTERED NUMBER: 03740242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

9. RELATED PARTY DISCLOSURES

The company operates a loan account with the director which is interest free and repayable on demand. During the period advances of £1,714 were made to the company. At the period end £21,410 (2023 £19,696 was owed to the director.

The company is a wholly owned subsidiary of F A Ost Holdings Limited. At the year end £58,400 (2023 £Nil) was owed to the parent company.

Also £20,000 (2023 £Nil) was owed to another company under the control of the director.

These loans are interest free and repayable on demand.