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Registered number: 7064386
The Fenetic Trading Company Limited
Financial Statements
For The Year Ended 30 November 2024
APR Accountancy Services
Shan House
80-86 North Street
Keighley
West Yorkshire
BD21 3AF
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 7064386
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 103,938 101,144
103,938 101,144
CURRENT ASSETS
Stocks 5 1,355,074 1,240,562
Debtors 6 544,763 390,519
Cash at bank and in hand 326,120 324,073
2,225,957 1,955,154
Creditors: Amounts Falling Due Within One Year 7 (432,763 ) (435,263 )
NET CURRENT ASSETS (LIABILITIES) 1,793,194 1,519,891
TOTAL ASSETS LESS CURRENT LIABILITIES 1,897,132 1,621,035
NET ASSETS 1,897,132 1,621,035
CAPITAL AND RESERVES
Called up share capital 8 20 20
Profit and Loss Account 1,897,112 1,621,015
SHAREHOLDERS' FUNDS 1,897,132 1,621,035
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Appelbee
Director
Mr Graeme Firth
Director
19/03/2025
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 December 2022 20 1,695,179 1,695,199
Profit for the year and total comprehensive income - 317,836 317,836
Dividends paid - (392,000) (392,000)
As at 30 November 2023 and 1 December 2023 20 1,621,015 1,621,035
Profit for the year and total comprehensive income - 466,097 466,097
Dividends paid - (190,000) (190,000)
As at 30 November 2024 20 1,897,112 1,897,132
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Page 4
Notes to the Financial Statements
1. General Information
The Fenetic Trading Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 7064386 . The registered office is C/o APR Accountancy Services, Shan House, 80-86 North Street, Keighley, BD21 3AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% RB
Fixtures & Fittings 15% Rb
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 December 2023 130,091 52,576 182,667
Additions 7,876 13,260 21,136
As at 30 November 2024 137,967 65,836 203,803
Depreciation
As at 1 December 2023 66,024 15,499 81,523
Provided during the period 10,791 7,551 18,342
As at 30 November 2024 76,815 23,050 99,865
Net Book Value
As at 30 November 2024 61,152 42,786 103,938
As at 1 December 2023 64,067 37,077 101,144
5. Stocks
2024 2023
£ £
Finished goods 1,355,074 1,240,562
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 348,229 256,883
Prepayments and accrued income 8,128 13,000
Other debtors 188,406 120,636
544,763 390,519
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 276,462 336,200
Corporation tax 154,435 87,035
Other taxes and social security - 9,821
Other creditors 1,439 1,780
Accruals and deferred income 350 350
Directors' loan accounts 77 77
432,763 435,263
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 20 20
Page 5