Registered number
06053340
F.F.P. (Cornwall) Limited
Filleted Accounts
30 September 2024
F.F.P. (Cornwall) Limited
Registered number: 06053340
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,076 966
Current assets
Debtors 4 1,357 -
Cash at bank and in hand 12,331 20,996
13,688 20,996
Creditors: amounts falling due within one year 5 (11,273) (13,871)
Net current assets 2,415 7,125
Total assets less current liabilities 3,491 8,091
Creditors: amounts falling due after more than one year 6 (3,167) (7,393)
Provisions for liabilities (204) (183)
Net assets 120 515
Capital and reserves
Called up share capital 3 3
Profit and loss account 117 512
Shareholders' funds 120 515
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Janet Bartleet
Director
Approved by the board on 16 January 2025
F.F.P. (Cornwall) Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 8,801
Additions 468
At 30 September 2024 9,269
Depreciation
At 1 October 2023 7,835
Charge for the year 358
At 30 September 2024 8,193
Net book value
At 30 September 2024 1,076
At 30 September 2023 966
4 Debtors 2024 2023
£ £
Other debtors 1,357 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,472 4,472
Taxation and social security costs 5,744 7,979
Other creditors 1,057 1,420
11,273 13,871
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,167 7,393
7 Related party transactions
At the period end the company was owed £1,357 (2023:credit £415) by Mrs Janet Bartleet, director. The loan is interest free and repayable on demand.
8 Controlling party
The company is ultimately controlled by Mrs Janet Bartleet, director, who owns 100% of the issued A share capital.
9 Other information
F.F.P. (Cornwall) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Tre-Ru House
The Leats
Truro
Cornwall
TR1 3AG
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