Caseware UK (AP4) 2023.0.135 2023.0.135 2025-02-282025-02-282024-02-29falseRetail sale via mail order houses or via Internet11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14669445 2024-02-29 2025-02-28 14669445 2023-03-01 2024-02-28 14669445 2025-02-28 14669445 2024-02-28 14669445 c:Director1 2024-02-29 2025-02-28 14669445 d:PatentsTrademarksLicencesConcessionsSimilar 2025-02-28 14669445 d:PatentsTrademarksLicencesConcessionsSimilar 2024-02-28 14669445 d:CurrentFinancialInstruments 2025-02-28 14669445 d:CurrentFinancialInstruments 2024-02-28 14669445 d:Non-currentFinancialInstruments 2025-02-28 14669445 d:Non-currentFinancialInstruments 2024-02-28 14669445 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 14669445 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-28 14669445 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 14669445 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-28 14669445 d:ShareCapital 2025-02-28 14669445 d:ShareCapital 2024-02-28 14669445 d:RetainedEarningsAccumulatedLosses 2025-02-28 14669445 d:RetainedEarningsAccumulatedLosses 2024-02-28 14669445 c:FRS102 2024-02-29 2025-02-28 14669445 c:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 14669445 c:FullAccounts 2024-02-29 2025-02-28 14669445 c:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 14669445 d:PatentsTrademarksLicencesConcessionsSimilar d:InternallyGeneratedIntangibleAssets 2024-02-29 2025-02-28 14669445 e:PoundSterling 2024-02-29 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 14669445










FOBOU LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
FOBOU LIMITED
REGISTERED NUMBER: 14669445

BALANCE SHEET
AS AT 28 FEBRUARY 2025

2025
2024
Note
£
£

Fixed assets
  

Intangible assets
 4 
77,068
17,994

  
77,068
17,994

Current assets
  

Stocks
  
644
-

Debtors: amounts falling due within one year
 6 
5,097
5,000

Cash at bank and in hand
 7 
183,264
176,262

  
189,005
181,262

Creditors: amounts falling due within one year
 8 
(3,278)
(3,888)

Net current assets
  
 
 
185,727
 
 
177,374

Total assets less current liabilities
  
262,795
195,368

Creditors: amounts falling due after more than one year
  
(300,000)
(200,000)

  

Net liabilities
  
(37,205)
(4,632)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(37,305)
(4,732)

  
(37,205)
(4,632)


Page 1

 
FOBOU LIMITED
REGISTERED NUMBER: 14669445
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Katherine Whitley Filmer-Wilson
Director

Date: 10 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FOBOU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Fobou Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FOBOU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Intangible assets continue to be developed, the directors have assessed that the intangible assets do not require amortising until the project has gone live. The company has undertaken trial sales to test the system in the financial year, this was not on a commercial basis.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
FOBOU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2025
        2024
            No.
            No.







Average number of employees
1
1


4.


Intangible assets




Patents

£



Cost


At 29 February 2024
17,994


Additions - internal
59,074



At 28 February 2025

77,068






Net book value



At 28 February 2025
77,068



At 28 February 2024
17,994




5.


Stocks

2025
2024
£
£

Finished goods and goods for resale
644
-

644
-


Page 5

 
FOBOU LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

6.


Debtors

2025
2024
£
£


Other debtors
97
-

Prepayments and accrued income
5,000
5,000

5,097
5,000



7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
183,264
176,262

183,264
176,262



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
-
720

Other creditors
968
968

Accruals and deferred income
2,310
2,200

3,278
3,888



9.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
300,000
200,000

300,000
200,000



10.


Related party transactions

Shareholder charged the company £11,948 for office rent (2023 - £Nil). 

 
Page 6