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Company Registration No. 08413899 (England and Wales)
SAWAKO FURUNO LTD Unaudited accounts for the period from 28 February 2023 to 27 February 2024
SAWAKO FURUNO LTD Unaudited accounts Contents
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SAWAKO FURUNO LTD Company Information for the period from 28 February 2023 to 27 February 2024
Director
Sawako Furuno
Company Number
08413899 (England and Wales)
Registered Office
17 CROFTDOWN ROAD LONDON NW5 1EL
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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SAWAKO FURUNO LTD Statement of financial position as at 27 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
24,157 
16,767 
Cash at bank and in hand
14,323 
9,516 
38,480 
26,283 
Creditors: amounts falling due within one year
(70,005)
(49,013)
Net current liabilities
(31,525)
(22,730)
Net liabilities
(31,525)
(22,730)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(31,526)
(22,731)
Shareholders' funds
(31,525)
(22,730)
For the period ending 27 February 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 26 February 2025 and were signed on its behalf by
Sawako Furuno Director Company Registration No. 08413899
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SAWAKO FURUNO LTD Notes to the Accounts for the period from 28 February 2023 to 27 February 2024
1
Statutory information
SAWAKO FURUNO LTD is a private company, limited by shares, registered in England and Wales, registration number 08413899. The registered office is 17 CROFTDOWN ROAD, LONDON, NW5 1EL.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Foreign exchange
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.
Going concern
The director has considered the effect of future events on the company and has determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
870 
Loans from directors
69,646 
47,724 
Accruals
359 
419 
70,005 
49,013 
5
Average number of employees
During the period the average number of employees was 1 (2023: 1).
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