Registered number
13649359
Furygan UK Limited
Filleted Accounts
For the year ended 30 June 2024
Furygan UK Limited
Registered number: 13649359
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 266,431 225,038
Cash at bank and in hand 209,349 251,017
475,780 476,055
Creditors: amounts falling due within one year 5 (471,609) (471,049)
Net current assets 4,171 5,006
Net assets 4,171 5,006
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account (5,829) (4,994)
Shareholder's funds 4,171 5,006
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.
David Segura
Director
Approved by the board on 15 January 2025
Furygan UK Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The company is reliant on its group companies for funds to support its working capital. These parties have pledged continued support for the company for at least 12 months from the date of the approval of these financial statements and in particular will not seek repayment of the amounts currently made available.

This should enable the company to continue in operational existence for the foreseeable future by meeting its liabilities as they fall due for payments. As with any company placing reliance on other related parties for financial support, that there are no certainty that this support will continue although at the date of approval of these financial statements, there is no reason to believe that they will not do so.

On this basis, the director believes that it remains appropriate to prepare the financial statements on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the sale of clothing and footwear and other associated service costs, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods).
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.
Provisions
Provisions (i.e liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Indra Raj Giri ACA, FCCA
Firm: Makesworth Audit Services Ltd
Date of audit report: 15 January 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
4 Debtors 2024 2023
£ £
Trade debtors 221,298 197,042
Amounts owed by group undertakings 45,133 27,996
266,431 225,038
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,488 9,709
Taxation and social security costs 22,487 55,301
Amounts owed to group undertakings 415,694 369,252
Other creditors 21,940 36,787
471,609 471,049
6 Related party transactions
During the year, the company purchased goods amounting to £437,050 (2023: £629,796) from Jacques's Furygan S.A.S. a fellow group company. At the year end the company owed £154,378 (2023: £278,719) to Jacques's Furygan S.A.S.

During the year, the company made sales amounting to £73,915 (2023: £27,996) to Jacques's Furygan S.A.S. At the year end the company was owed £45,133 (2023: £27,996) by Jacques's Furygan S.A.S.

During the year, the company borrowed a loan amounting to £170,783 (2023: £nil) from FDS Invest S.A.S., its parent company. At the year end the company owed £261,316 (2023: £90,534) to FDS Invest S.A.S.
7 Controlling party
The immediate parent undertaking of the company is FDS Invest S.A.S. incorporated in France, whose registered office is at 845 Rue Etienne Lenoir, Nimes, France 30900. The smallest and largest group for which consolidated accounts are prepared and of which the company is a member of FDS Invest S.A.S. incorporated in France. Copies of the consolidated group accounts can be obtained from its registered office.
8 Other information
Furygan UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Memery Crystal
165 Fleet Street
London
EC4A 2DY
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