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FOGLIZZO LEATHER LTD

Registered Number
07466861
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

FOGLIZZO LEATHER LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

M Foglizzo
R Spurway

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

07466861 (England and Wales)
FOGLIZZO LEATHER LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets375100
75100
Current assets
Debtors4384,005427,437
Cash at bank and on hand3,0683,717
387,073431,154
Creditors amounts falling due within one year5(82,354)(114,163)
Net current assets (liabilities)304,719316,991
Total assets less current liabilities304,794317,091
Creditors amounts falling due after one year6(84,096)(96,340)
Net assets220,698220,751
Capital and reserves
Called up share capital100100
Profit and loss account220,598220,651
Shareholders' funds220,698220,751
The financial statements were approved and authorised for issue by the Board of Directors on 8 April 2025, and are signed on its behalf by:
M Foglizzo
Director
Registered Company No. 07466861
FOGLIZZO LEATHER LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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 policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year02
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 241,5291,529
At 31 December 241,5291,529
Depreciation and impairment
At 01 January 241,4291,429
Charge for year2525
At 31 December 241,4541,454
Net book value
At 31 December 247575
At 31 December 23100100
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables131,866135,483
Other debtors252,139291,954
Total384,005427,437
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables50,48652,737
Taxation and social security5458,251
Other creditors31,32353,175
Total82,354114,163
6.Creditors: amounts due after one year

2024

2023

££
Other creditors84,09696,340
Total84,09696,340