Registered number
13464164
Fibreking Ltd
Filleted Accounts
30 June 2024
Fibreking Ltd
Registered number: 13464164
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,756 20,301
Current assets
Stocks 39,500 27,500
Debtors 4 13,642 3,346
Cash at bank and in hand 2,850 3,169
55,992 34,015
Creditors: amounts falling due within one year 5 (61,230) (67,886)
Net current liabilities (5,238) (33,871)
Net assets/(liabilities) 8,518 (13,570)
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,418 (13,670)
Shareholders' funds 8,518 (13,570)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Jaye Carpmail
Director
Approved by the board on 28 March 2025
Fibreking Ltd
Notes to the Accounts
for the year ended 30 June 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:
Plant and machinery over 6 years
Computer equipment over 3 years
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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 6,105 18,540 24,645
Additions 271 - 271
Disposals - (3,089) (3,089)
At 30 June 2024 6,376 15,451 21,827
Depreciation
At 1 July 2023 1,563 2,781 4,344
Charge for the year 1,363 2,364 3,727
At 30 June 2024 2,926 5,145 8,071
Net book value
At 30 June 2024 3,450 10,306 13,756
At 30 June 2023 4,542 15,759 20,301
4 Debtors 2024 2023
£ £
Trade debtors 13,642 2,647
Other debtors - 699
13,642 3,346
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,100 10,526
Taxation and social security costs 1,752 -
Other creditors 54,378 57,360
61,230 67,886
6 Other information
Fibreking Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit C, Monastery Lakes Farm
Stoke Road
Shutlanger
Northants
NN12 7FF
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