Fur Factory Ltd 14259307 false 2023-04-01 2024-06-30 2024-06-30 The principal activity of the company is cafe. Digita Accounts Production Advanced 6.30.9574.0 true 14259307 2023-04-01 2024-06-30 14259307 2024-06-30 14259307 core:RetainedEarningsAccumulatedLosses 2024-06-30 14259307 core:ShareCapital 2024-06-30 14259307 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14259307 core:FurnitureFittingsToolsEquipment 2024-06-30 14259307 bus:SmallEntities 2023-04-01 2024-06-30 14259307 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-06-30 14259307 bus:FullAccounts 2023-04-01 2024-06-30 14259307 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 14259307 bus:RegisteredOffice 2023-04-01 2024-06-30 14259307 bus:Director1 2023-04-01 2024-06-30 14259307 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-06-30 14259307 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-06-30 14259307 core:OfficeEquipment 2023-04-01 2024-06-30 14259307 countries:EnglandWales 2023-04-01 2024-06-30 14259307 2022-04-01 2023-03-31 14259307 2023-03-31 14259307 core:RetainedEarningsAccumulatedLosses 2023-03-31 14259307 core:ShareCapital 2023-03-31 14259307 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 14259307

Fur Factory Ltd

Unaudited Financial Statements

for the Period from 1 April 2023 to 30 June 2024

 

Fur Factory Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Fur Factory Ltd

(Registration number: 14259307)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

1

100

Creditors: Amounts falling due within one year

6

(1,322)

-

Net (liabilities)/assets

 

(1,321)

100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(1,421)

-

Shareholders' (deficit)/funds

 

(1,321)

100

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 March 2025 and signed on its behalf by:
 

.........................................
Mr Harley Thomas
Director

 

Fur Factory Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1A and 1B
Posenhall
Broseley
TF12 5BE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. These financial statements are presented in
sterling which is the functional currency of the company and rounded to the nearest £.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Fur Factory Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33% Straight line

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 0).

 

Fur Factory Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

419

419

Disposals

(419)

(419)

At 30 June 2024

-

-

Depreciation

Charge for the period

173

173

Eliminated on disposal

(173)

(173)

At 30 June 2024

-

-

Carrying amount

At 30 June 2024

-

-

5

Debtors

Current

2024
£

2023
£

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

363

-

Accruals and deferred income

878

-

Other creditors

81

-

1,322

-