1 December 2022 false No description of principal activity Taxfiler 2024.6 11696536business:PrivateLimitedCompanyLtd2022-12-012023-11-30 116965362022-11-30 116965362022-12-012023-11-30 11696536business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 11696536business:FilletedAccounts2022-12-012023-11-30 116965362023-11-30 11696536business:Director12022-12-012023-11-30 11696536business:RegisteredOffice2022-12-012023-11-30 116965362022-11-30 11696536core:AfterOneYear2023-11-30 11696536core:AfterOneYear2022-11-30 11696536core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11696536core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 11696536core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11696536core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 11696536core:PreviouslyStatedAmount2023-11-30 11696536core:PreviouslyStatedAmount2022-11-30 11696536business:SmallEntities2022-12-012023-11-30 11696536countries:EnglandWales2022-12-012023-11-30 11696536core:PlantMachinery2022-11-30 11696536core:MotorVehicles2022-11-30 11696536core:FurnitureFittings2022-11-30 11696536core:PlantMachinery2023-11-30 11696536core:MotorVehicles2023-11-30 11696536core:FurnitureFittings2023-11-30 11696536core:PlantMachinery2022-12-012023-11-30 11696536core:MotorVehicles2022-12-012023-11-30 11696536core:FurnitureFittings2022-12-012023-11-30 116965362021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11696536 (England and Wales)
FAIR PRICE (LONDON) LIMITED Unaudited accounts for the year ended 30 November 2023
FAIR PRICE (LONDON) LIMITED Unaudited accounts Contents
Page
- 2 -
FAIR PRICE (LONDON) LIMITED Company Information for the year ended 30 November 2023
Director
AKHTER, Shamim
Company Number
11696536 (England and Wales)
Registered Office
KINGS PLACE 23-27 KING STREET LUTON LU1 2DW ENGLAND
- 3 -
FAIR PRICE (LONDON) LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,740 
37,480 
Current assets
Inventories
48,770 
52,853 
Debtors
- 
40,000 
Cash at bank and in hand
12,962 
36,823 
61,732 
129,676 
Net current assets
61,732 
129,676 
Total assets less current liabilities
84,472 
167,156 
Creditors: amounts falling due after more than one year
- 
(43,400)
Net assets
84,472 
123,756 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
84,471 
123,755 
Shareholders' funds
84,472 
123,756 
For the year ending 30 November 2023 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 29 November 2024 and were signed on its behalf by
AKHTER, Shamim Director Company Registration No. 11696536
- 4 -
FAIR PRICE (LONDON) LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
FAIR PRICE (LONDON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11696536. The registered office is KINGS PLACE, 23-27 KING STREET, LUTON, LU1 2DW, 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.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
1,500 
18,200 
54,000 
73,700 
At 30 November 2023
1,500 
18,200 
54,000 
73,700 
Depreciation
At 1 December 2022
600 
7,720 
27,900 
36,220 
Charge for the year
300 
3,640 
10,800 
14,740 
At 30 November 2023
900 
11,360 
38,700 
50,960 
Net book value
At 30 November 2023
600 
6,840 
15,300 
22,740 
At 30 November 2022
900 
10,480 
26,100 
37,480 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
40,000 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
43,400 
- 5 -
FAIR PRICE (LONDON) LIMITED Notes to the Accounts for the year ended 30 November 2023
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -