1 July 2023 false No description of principal activity Taxfiler 2024.6 SC379790business:PrivateLimitedCompanyLtd2023-07-012024-06-30 SC3797902023-06-30 SC3797902023-07-012024-06-30 SC379790business:AuditExemptWithAccountantsReport2023-07-012024-06-30 SC379790business:FilletedAccounts2023-07-012024-06-30 SC3797902024-06-30 SC379790business:Director12023-07-012024-06-30 SC379790business:RegisteredOffice2023-07-012024-06-30 SC3797902023-06-30 SC379790core:WithinOneYear2024-06-30 SC379790core:WithinOneYear2023-06-30 SC379790core:AfterOneYear2024-06-30 SC379790core:AfterOneYear2023-06-30 SC379790core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 SC379790core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC379790core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 SC379790core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC379790core:PreviouslyStatedAmount2024-06-30 SC379790core:PreviouslyStatedAmount2023-06-30 SC379790business:SmallEntities2023-07-012024-06-30 SC379790countries:Scotland2023-07-012024-06-30 SC379790core:LandBuildings2023-07-012024-06-30 SC379790core:PlantMachinery2023-06-30 SC379790core:ComputerEquipment2023-06-30 SC379790core:PlantMachinery2023-07-012024-06-30 SC379790core:ComputerEquipment2023-07-012024-06-30 SC379790core:PlantMachinery2024-06-30 SC379790core:ComputerEquipment2024-06-30 SC3797902022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC379790 (Scotland)
FAVOR COMPUTERS LIMITED Unaudited accounts for the year ended 30 June 2024
FAVOR COMPUTERS LIMITED Unaudited accounts Contents
Page
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FAVOR COMPUTERS LIMITED Company Information for the year ended 30 June 2024
Director
Ayokunle MURITALA
Company Number
SC379790 (Scotland)
Registered Office
17 GRAYLING ROAD MOTHERWELL ML1 4ZD
Accountants
MACGLORY CONSULT 61 Fuller Way Andover Hampshire SP11 6UJ
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FAVOR COMPUTERS LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,421 
- 
Current assets
Debtors
58,191 
52,393 
Cash at bank and in hand
6,938 
4,130 
65,129 
56,523 
Creditors: amounts falling due within one year
(9,443)
(9,722)
Net current assets
55,686 
46,801 
Total assets less current liabilities
60,107 
46,801 
Creditors: amounts falling due after more than one year
(5,624)
(7,372)
Net assets
54,483 
39,429 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
54,482 
39,428 
Shareholders' funds
54,483 
39,429 
For the year ending 30 June 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 9 January 2025 and were signed on its behalf by
Ayokunle MURITALA Director Company Registration No. SC379790
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FAVOR COMPUTERS LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
FAVOR COMPUTERS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC379790. The registered office is 17 GRAYLING ROAD, MOTHERWELL, ML1 4ZD.
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:
Land & buildings
25%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
850 
- 
850 
Additions
- 
5,392 
5,392 
At 30 June 2024
850 
5,392 
6,242 
Depreciation
At 1 July 2023
850 
- 
850 
Charge for the year
- 
971 
971 
At 30 June 2024
850 
971 
1,821 
Net book value
At 30 June 2024
- 
4,421 
4,421 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
58,191 
52,393 
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FAVOR COMPUTERS LIMITED Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
9,443 
9,722 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,624 
7,372 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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