Registered number
07345805
Fils Pajeros Ltd
Report and Accounts
31 August 2024
Fils Pajeros Ltd
Registered number: 07345805
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 344 458
Current assets
Stocks 5,535 9,385
Debtors 4 - 417
5,535 9,802
Creditors: amounts falling due within one year 5 (46,675) (47,015)
Net current assets/(liabilities) (41,140) (37,213)
Total assets less current liabilities (40,796) (36,755)
Creditors: amounts falling due after more than one year 6 (2,333) (4,333)
Net assets/(liabilities) (43,129) (41,088)
Capital and reserves
Called up share capital 1 1
Profit and loss account (43,130) (41,089)
Shareholder's funds (43,129) (41,088)
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.
Mr Phil Cooper
Director
Approved by the board on 24 March 2025
Fils Pajeros 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & fittings 25% reducing balance
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Fixtures & fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 1,600 1,794 1,700 5,094
At 31 August 2024 1,600 1,794 1,700 5,094
Depreciation
At 1 September 2023 1,299 1,732 1,605 4,636
Charge for the year 75 15 24 114
At 31 August 2024 1,374 1,747 1,629 4,750
Net book value
At 31 August 2024 226 47 71 344
At 31 August 2023 301 62 95 458
4 Debtors 2024 2023
£ £
Trade debtors - 40
Other debtors - 377
- 417
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,217 10,164
Trade creditors 3,202 1,957
Other taxes and social security costs 2,018 4,360
Other creditors 31,238 30,534
46,675 47,015
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,333 4,333
7 Other information
Fils Pajeros Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5, Brockenford Lane
Totton
Southampton
Hants
SO40 9DY
Fils Pajeros Ltd 07345805 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Mr Phil Cooper No description of principal activity 07345805 2022-09-01 2023-08-31 07345805 core:WithinOneYear 2023-08-31 07345805 core:AfterOneYear 2023-08-31 07345805 core:ShareCapital 2023-08-31 07345805 core:RetainedEarningsAccumulatedLosses 2023-08-31 07345805 2023-09-01 2024-08-31 07345805 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07345805 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07345805 bus:Director40 2023-09-01 2024-08-31 07345805 core:LandBuildings 2023-09-01 2024-08-31 07345805 core:PlantMachinery 2023-09-01 2024-08-31 07345805 core:Vehicles 2023-09-01 2024-08-31 07345805 countries:England 2023-09-01 2024-08-31 07345805 bus:FRS102 2023-09-01 2024-08-31 07345805 bus:FilletedAccounts 2023-09-01 2024-08-31 07345805 2024-08-31 07345805 core:WithinOneYear 2024-08-31 07345805 core:AfterOneYear 2024-08-31 07345805 core:ShareCapital 2024-08-31 07345805 core:RetainedEarningsAccumulatedLosses 2024-08-31 07345805 core:LandBuildings 2024-08-31 07345805 core:PlantMachinery 2024-08-31 07345805 core:Vehicles 2024-08-31 07345805 2023-08-31 07345805 core:LandBuildings 2023-08-31 07345805 core:PlantMachinery 2023-08-31 07345805 core:Vehicles 2023-08-31 iso4217:GBP xbrli:pure