1 March 2023 false No description of principal activity Taxfiler 2024.6 13933250business:PrivateLimitedCompanyLtd2023-03-012024-02-29 139332502023-02-28 139332502023-03-012024-02-29 13933250business:AuditExemptWithAccountantsReport2023-03-012024-02-29 13933250business:FilletedAccounts2023-03-012024-02-29 139332502024-02-29 139332502023-02-28 13933250core:WithinOneYear2024-02-29 13933250core:WithinOneYear2023-02-28 13933250core:AfterOneYear2024-02-29 13933250core:AfterOneYear2023-02-28 13933250core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13933250core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13933250core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13933250core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13933250core:PreviouslyStatedAmount2024-02-29 13933250core:PreviouslyStatedAmount2023-02-28 13933250business:SmallEntities2023-03-012024-02-29 13933250business:Director12023-03-012024-02-29 13933250countries:EnglandWales2023-03-012024-02-29 13933250business:RegisteredOffice2023-03-012024-02-29 13933250core:FurnitureFittings2023-03-012024-02-29 13933250core:ComputerEquipment2023-03-012024-02-29 13933250core:IntangibleAssetsOtherThanGoodwill2023-02-28 13933250core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-29 13933250core:IntangibleAssetsOtherThanGoodwill2024-02-29 13933250core:FurnitureFittings2023-02-28 13933250core:ComputerEquipment2023-02-28 13933250core:FurnitureFittings2024-02-29 13933250core:ComputerEquipment2024-02-29 13933250core:FurnitureFittingscore:LeasedAssetsHeldAsLessee2024-02-29 13933250core:FurnitureFittingscore:LeasedAssetsHeldAsLessee2023-02-28 13933250business:OrdinaryShareClass12023-03-012024-02-29 13933250business:OrdinaryShareClass12022-02-222023-02-28 139332502022-02-222023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13933250 (England and Wales)
FIREAWAY WELLINGBOROUGH LTD Unaudited accounts for the year ended 29 February 2024
FIREAWAY WELLINGBOROUGH LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,149 
- 
Tangible assets
159,184 
- 
169,333 
- 
Current assets
Inventories
2,438 
- 
Debtors
21,236 
6,000 
Cash at bank and in hand
4,438 
1 
28,112 
6,001 
Creditors: amounts falling due within one year
(54,722)
(200)
Net current (liabilities)/assets
(26,610)
5,801 
Total assets less current liabilities
142,723 
5,801 
Creditors: amounts falling due after more than one year
(229,163)
(19,064)
Net liabilities
(86,440)
(13,263)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(86,441)
(13,264)
Shareholders' funds
(86,440)
(13,263)
For the year ending 29 February 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 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 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 and authorised for issue on 18 June 2024 and were signed on its behalf by
Amit Patel Director Company Registration No. 13933250
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FIREAWAY WELLINGBOROUGH LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
FIREAWAY WELLINGBOROUGH LTD is a private company, limited by shares, registered in England and Wales, registration number 13933250. The registered office is 124 City Road, London, EC1V 2NX, England. The principal place of business is Fireaway Pizza, 4 Pebble Lane, Wellingborough, Northamptonshire, NN8 1AS, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
20% reducing balance
Computer equipment
Over 4 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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FIREAWAY WELLINGBOROUGH LTD Notes to the Accounts for the year ended 29 February 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
- 
Additions
11,940 
At 29 February 2024
11,940 
Amortisation
At 1 March 2023
- 
Charge for the year
1,791 
At 29 February 2024
1,791 
Net book value
At 29 February 2024
10,149 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
- 
- 
- 
Additions
168,182 
149 
168,331 
At 29 February 2024
168,182 
149 
168,331 
Depreciation
Charge for the year
9,135 
12 
9,147 
At 29 February 2024
9,135 
12 
9,147 
Net book value
At 29 February 2024
159,047 
137 
159,184 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Fixtures & fittings
141,875 
- 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,821 
- 
Accrued income and prepayments
1,187 
- 
Other debtors
9,228 
6,000 
21,236 
6,000 
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FIREAWAY WELLINGBOROUGH LTD Notes to the Accounts for the year ended 29 February 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
50,000 
- 
Trade creditors
1,820 
- 
Taxes and social security
2,002 
- 
Accruals
900 
200 
54,722 
200 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
77,778 
- 
Loans from directors
151,385 
19,064 
229,163 
19,064 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 13 (2023: 0).
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