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Registered Number: 09378577
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

MICK FOSTER LIMITED

  2024   2023
    £ £   £ £
Fixed assets   80,823      69,912 
Current assets 87,125      94,157   
Creditors: amount falling due within one year (47,494)     (44,147)  
Net current assets   39,631      50,010 
Total assets less current liabilities   120,454      119,922 
Creditors: amount falling due after more than one year   (21,600)     (31,200)
Net assets   98,854      88,722 
 

         
Capital and reserves   98,854      88,722 
 
NOTES TO THE ACCOUNTS

General Information
Mick Foster Limited is a private company, limited by shares, registered in England and Wales, registration number 09378577, registration address Oberon House Ferries Street , Hedon Road, Hull , East Yorkshire, HU9 1RL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Franchise Fees
Franchise Fees is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Franchise Fees of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15 Reducing Balance
Motor Vehicles 25 Reducing Balance
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 35,186    35,186 
Additions  
Disposals  
At 31 March 2024 35,186    35,186 
Amortisation
At 01 April 2023 28,152    28,152 
Charge for year 3,519    3,519 
On disposals  
At 31 March 2024 31,671    31,671 
Net book values
At 31 March 2024 3,515    3,515 
At 31 March 2023 7,034    7,034 


3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 April 2023 3,741    134,168    137,909 
Additions   40,200    40,200 
Disposals    
At 31 March 2024 3,741    174,368    178,109 
Depreciation
At 01 April 2023 3,741    71,290    75,031 
Charge for year   25,770    25,770 
On disposals    
At 31 March 2024 3,741    97,060    100,801 
Net book values
Closing balance as at 31 March 2024   77,308    77,308 
Opening balance as at 01 April 2023   62,878    62,878 


4.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 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 accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 30 December 2024 and were signed by:


--------------------------------
Michael Foster
Director
1