Registered number
12206274
The Fade Refinery LTD
Filleted Abridged Accounts
30 September 2023
The Fade Refinery LTD
Registered number: 12206274
Abridged Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Debtors 32,889 32,744
Cash at bank and in hand 1 1,186
32,890 33,930
Creditors: amounts falling due within one year 1 (4)
Net current assets 32,891 33,926
Total assets less current liabilities 32,891 33,926
Creditors: amounts falling due after more than one year (43,810) (44,074)
Net liabilities (10,919) (10,148)
Capital and reserves
Profit and loss account (10,919) (10,148)
Shareholders' funds (10,919) (10,148)
The directors are 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 directors acknowledge their 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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Orhan Cevat-Durmush
Director
Approved by the board on 20 January 2025
The Fade Refinery LTD
Notes to the Abridged Accounts
for the year ended 30 September 2023
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Total
£
Cost
At 1 October 2022 10,000
At 30 September 2023 10,000
Depreciation
At 1 October 2022 10,000
At 30 September 2023 10,000
Net book value
At 30 September 2023 -
4 Other information
The Fade Refinery LTD is a private company limited by shares and incorporated in England. Its registered office is:
70 Bounces Road
Edmonton
London
N9 8JS
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