Registered number
11318830
Fascom Limited
Unaudited Filleted Accounts
for the year ended
31 May 2024
Fascom Limited
Registered number: 11318830
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 52,649 32,454
Cash at bank and in hand 31,335 38,222
83,984 70,676
Creditors: amounts falling due within one year 4 (28,859) (11,124)
Net current assets 55,125 59,552
Net assets 55,125 59,552
Capital and reserves
Called up share capital 100 100
Profit and loss account 6 55,025 59,452
Shareholder's funds 55,125 59,552
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Federico Seghizzi
Director
Approved by the board on 26 February 2025
Fascom Limited
Notes to the Accounts
for the year ended 31 May 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).
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 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 35,941 19,406
Other debtors 16,708 13,048
52,649 32,454
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 19,823 -
Taxation and social security costs 917 4,505
Other creditors 8,119 6,619
28,859 11,124
5 Share capital Nominal Number 2024 2023
value of share £ £
Ordinary shares £1 each 100 100 100
100 100
6 Share capital Nominal 2024 2023
value Number £ £
At 1 June 2023 59,452 46,762
(Loss)/profit for the financial year (4,427) 12,690
At 31 May 2024 55,025 59,452
7 Controlling party
Mr Federico Seghizzi controls the company by virtue of his 100% share.
8 Other information
Fascom Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 11, Sussex Court
31 Spring Street
London
W2 1JF
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