Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03806913 Mr James Morris iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03806913 2023-07-31 03806913 2024-07-31 03806913 2023-08-01 2024-07-31 03806913 frs-core:CurrentFinancialInstruments 2024-07-31 03806913 frs-core:NetGoodwill 2024-07-31 03806913 frs-core:NetGoodwill 2023-08-01 2024-07-31 03806913 frs-core:NetGoodwill 2023-07-31 03806913 frs-core:SharePremium 2024-07-31 03806913 frs-core:ShareCapital 2024-07-31 03806913 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03806913 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03806913 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03806913 frs-bus:SmallEntities 2023-08-01 2024-07-31 03806913 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03806913 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03806913 frs-bus:Director1 2023-08-01 2024-07-31 03806913 frs-countries:EnglandWales 2023-08-01 2024-07-31 03806913 2022-07-31 03806913 2023-07-31 03806913 2022-08-01 2023-07-31 03806913 frs-core:CurrentFinancialInstruments 2023-07-31 03806913 frs-core:SharePremium 2023-07-31 03806913 frs-core:ShareCapital 2023-07-31 03806913 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03806913
FNX Bathrooms Ltd
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03806913
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 17,500 20,000
17,500 20,000
CURRENT ASSETS
Stocks 5 32,690 516
Debtors 6 117,499 162,229
Cash at bank and in hand 46,390 70
196,579 162,815
Creditors: Amounts Falling Due Within One Year 7 (130,072 ) (102,149 )
NET CURRENT ASSETS (LIABILITIES) 66,507 60,666
TOTAL ASSETS LESS CURRENT LIABILITIES 84,007 80,666
NET ASSETS 84,007 80,666
CAPITAL AND RESERVES
Called up share capital 8 17,330 17,330
Share premium account 63,145 63,145
Profit and Loss Account 3,532 191
SHAREHOLDERS' FUNDS 84,007 80,666
Page 1
Page 2
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Morris
Director
28 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FNX Bathrooms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03806913 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 1 (2023: 2)
1 2
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4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 50,000
As at 31 July 2024 50,000
Amortisation
As at 1 August 2023 30,000
Provided during the period 2,500
As at 31 July 2024 32,500
Net Book Value
As at 31 July 2024 17,500
As at 1 August 2023 20,000
5. Stocks
2024 2023
£ £
Finished goods 32,690 516
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 117,499 162,229
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 88,156 63,806
Bank loans and overdrafts - 2,598
Other creditors 26,329 28,740
Taxation and social security 15,587 7,005
130,072 102,149
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 17,330 17,330
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