Registered number
11526347
FULHAM GREENS LTD
Filleted Accounts
31 August 2024
FULHAM GREENS LTD
Registered number: 11526347
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 32,881 22,377
Current assets
Stocks 20,897 25,665
Cash at bank and in hand 53,438 18,715
74,335 44,380
Creditors: amounts falling due within one year 4 (19,031) (28,838)
Net current assets 55,304 15,542
Total assets less current liabilities 88,185 37,919
Creditors: amounts falling due after more than one year 5 (17,773) (17,124)
Net assets 70,412 20,795
Capital and reserves
Called up share capital 100 100
Profit and loss account 70,312 20,695
Shareholder's funds 70,412 20,795
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.
Servet OZDEMIR
Director
Approved by the board on 25 March 2025
FULHAM GREENS LTD
Notes to the Accounts
for the year ended 31 August 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings & equipment 18% reducing balance method
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.
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.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 35,416 17,900 53,316
Additions 14,960 - 14,960
At 31 August 2024 50,376 17,900 68,276
Depreciation
At 1 September 2023 19,675 11,264 30,939
Charge for the year 3,262 1,194 4,456
At 31 August 2024 22,937 12,458 35,395
Net book value
At 31 August 2024 27,439 5,442 32,881
At 31 August 2023 15,741 6,636 22,377
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans - 10,648
Trade creditors 9,866 6,263
Taxation and social security costs 9,165 11,927
19,031 28,838
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,773 17,124
6 Other information
FULHAM GREENS LTD is a private company limited by shares and incorporated in England. Its registered office is:
265 New Kings Road
London
SW6 4RB
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