5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 75,731 75,731 75,731 75,731 xbrli:pure xbrli:shares iso4217:GBP 02292736 2023-04-01 2024-03-31 02292736 2024-03-31 02292736 2023-03-31 02292736 2022-04-01 2023-03-31 02292736 2023-03-31 02292736 2022-03-31 02292736 core:LandBuildings core:ShortLeaseholdAssets 2023-04-01 2024-03-31 02292736 core:PlantMachinery 2023-04-01 2024-03-31 02292736 core:FurnitureFittings 2023-04-01 2024-03-31 02292736 core:MotorVehicles 2023-04-01 2024-03-31 02292736 bus:Director1 2023-04-01 2024-03-31 02292736 core:LandBuildings 2023-03-31 02292736 core:PlantMachinery 2023-03-31 02292736 core:FurnitureFittings 2023-03-31 02292736 core:MotorVehicles 2023-03-31 02292736 core:LandBuildings 2024-03-31 02292736 core:PlantMachinery 2024-03-31 02292736 core:FurnitureFittings 2024-03-31 02292736 core:MotorVehicles 2024-03-31 02292736 core:WithinOneYear 2024-03-31 02292736 core:WithinOneYear 2023-03-31 02292736 core:ShareCapital 2024-03-31 02292736 core:ShareCapital 2023-03-31 02292736 core:RetainedEarningsAccumulatedLosses 2024-03-31 02292736 core:RetainedEarningsAccumulatedLosses 2023-03-31 02292736 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 02292736 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-03-31 02292736 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2023-03-31 02292736 core:DisposalsDecreaseInProvisionsForImpairmentInvestments core:Non-currentFinancialInstruments 2024-03-31 02292736 core:MotorVehicles 2023-03-31 02292736 bus:SmallEntities 2023-04-01 2024-03-31 02292736 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02292736 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02292736 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02292736 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 02292736
Fardux Limited
Unaudited financial statements
31 March 2024
Fardux Limited
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,693
2,257
Current assets
Stocks
225,530
88,557
Debtors
7
104,642
194,082
Cash at bank and in hand
355,363
119,313
---------
---------
685,535
401,952
Prepayments and accrued income
55,703
10,395
Creditors: Amounts falling due within one year
8
( 523,298)
( 344,341)
---------
---------
Net current assets
217,940
68,006
---------
-------
Total assets less current liabilities
219,633
70,263
---------
-------
Net assets
219,633
70,263
---------
-------
Capital and reserves
Called up share capital
80
80
Profit and loss account
219,553
70,183
---------
-------
Shareholders funds
219,633
70,263
---------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:
D P Mason
Director
Company registration number: 02292736
Fardux Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Crossways Business Centre, Stalham Road, Hoveton, Norwich, NR12 8DJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, 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); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Rental equipment
-
25% straight line
Office equipment
-
33% straight line
Workshop equipment
-
20% straight line
Motor vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 5 (2023: 4 ).
5. Tangible assets
Rental equipment
Office equipment
Workshop equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023 and 31 March 2024
18,179
28,712
19,686
16,058
82,635
-------
-------
-------
-------
-------
Depreciation
At 1 April 2023
18,179
28,712
19,686
13,801
80,378
Charge for the year
564
564
-------
-------
-------
-------
-------
At 31 March 2024
18,179
28,712
19,686
14,365
80,942
-------
-------
-------
-------
-------
Carrying amount
At 31 March 2024
1,693
1,693
-------
-------
-------
-------
-------
At 31 March 2023
2,257
2,257
-------
-------
-------
-------
-------
6. Investments
Other investments other than loans
£
Cost
At 1 April 2023
75,731
Disposals
( 75,731)
-------
At 31 March 2024
-------
Impairment
At 1 April 2023
75,731
Disposals
( 75,731)
-------
At 31 March 2024
-------
Carrying amount
At 31 March 2024
-------
At 31 March 2023
-------
7. Debtors
2024
2023
£
£
Trade debtors
89,095
147,957
Amounts owed by group undertakings and undertakings in which the company has a participating interest
41,334
Other debtors
15,547
4,791
---------
---------
104,642
194,082
---------
---------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
123,875
28,371
Amounts owed to group undertakings and undertakings in which the company has a participating interest
226,988
Social security and other taxes
1,713
854
Other creditors
170,722
315,116
---------
---------
523,298
344,341
---------
---------