Registered number
14961672
Fuko Trade Brixton Ltd
Filleted Accounts
31 October 2024
Fuko Trade Brixton Ltd
Registered number: 14961672
Balance Sheet
as at 31 October 2024
Notes 2024
£
Fixed assets
Intangible assets 3 9,630
Tangible assets 4 25,840
35,470
Current assets
Stocks 9,420
Debtors 5 26,100
Cash at bank and in hand 22,941
58,461
Creditors: amounts falling due within one year 6 (104,773)
Net current liabilities (46,312)
Net liabilities (10,842)
Capital and reserves
Called up share capital 100
Profit and loss account (10,942)
Shareholders' funds (10,842)
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.
W L Lau
Director
Approved by the board on 27 February 2025
Fuko Trade Brixton Ltd
Notes to the Accounts
for the period from 26 June 2023 to 31 October 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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
Number
Average number of persons employed by the company 5
3 Intangible fixed assets £
Goodwill:
Cost
Additions 12,037
At 31 October 2024 12,037
Amortisation
Provided during the period 2,407
At 31 October 2024 2,407
Net book value
At 31 October 2024 9,630
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 32,300
At 31 October 2024 32,300
Depreciation
Charge for the period 6,460
At 31 October 2024 6,460
Net book value
At 31 October 2024 25,840
5 Debtors 2024
£
Trade debtors 10,267
Other debtors 15,833
26,100
6 Creditors: amounts falling due within one year 2024
£
Trade creditors 2,221
Taxation and social security costs 80
Other creditors 102,472
104,773
7 Other information
Fuko Trade Brixton Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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