Company Registration No. 06452747 (England and Wales)
Mo Farah
Unaudited accounts
for the year ended 31 December 2023
Mo Farah
Unaudited accounts
Contents
Mo Farah
Company Information
for the year ended 31 December 2023
Company Number
06452747 (England and Wales)
Registered Office
7 High Street
Windsor
Berkshire
SL4 1LD
England
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
Mo Farah
Statement of financial position
as at 31 December 2023
Tangible assets
12,773
23,495
Investment property
1,910,957
1,910,957
Debtors
2,111,932
1,585,500
Cash at bank and in hand
255,826
386,401
Creditors: amounts falling due within one year
(389,925)
(268,811)
Net current assets
1,977,833
1,703,090
Net assets
3,901,563
3,637,542
Called up share capital
2
2
Profit and loss account
3,901,561
3,637,540
Shareholders' funds
3,901,563
3,637,542
For the year ending 31 December 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 31 January 2025 and were signed on its behalf by
Mohamed Mo Farah
Director
Company Registration No. 06452747
Mo Farah
Notes to the Accounts
for the year ended 31 December 2023
Mo Farah is a private company, limited by shares, registered in England and Wales, registration number 06452747. The registered office is 7 High Street, Windsor, Berkshire, SL4 1LD, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to the UK and Republic of Ireland’ including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
Investment properties are included at historical cost value.
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Mo Farah
Notes to the Accounts
for the year ended 31 December 2023
3
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
2,687
56,051
58,738
At 31 December 2023
3,969
56,051
60,020
At 1 January 2023
1,611
33,632
35,243
Charge for the year
794
11,210
12,004
At 31 December 2023
2,405
44,842
47,247
At 31 December 2023
1,564
11,209
12,773
At 31 December 2022
1,076
22,419
23,495
Fair value at 1 January 2023
1,910,957
At 31 December 2023
1,910,957
Amounts falling due within one year
Trade debtors
599,625
949,594
Accrued income and prepayments
26,364
84,569
Other debtors
1,485,943
551,337
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
348,719
214,831
Other creditors
4,480
14,315
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).