Company Registration No. 07756790 (England and Wales)
FOSTERING FOR YOU LIMITED
Unaudited accounts
for the year ended 31 August 2024
FOSTERING FOR YOU LIMITED
Unaudited accounts
Contents
FOSTERING FOR YOU LIMITED
Company Information
for the year ended 31 August 2024
Company Number
07756790 (England and Wales)
Registered Office
Unit 2.06 The Light Bulb
1 Filament Walk
Wandsworth
London
SW18 4GQ
Accountants
Schiavi Pole Brett Ltd
15A Walm Lane
London
NW2 5SJ
FOSTERING FOR YOU LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
2,226
2,944
Cash at bank and in hand
57,119
176,406
Creditors: amounts falling due within one year
(235,119)
(296,050)
Net current assets
338,210
186,502
Total assets less current liabilities
340,436
189,446
Creditors: amounts falling due after more than one year
(213,852)
(172,702)
Called up share capital
95
95
Profit and loss account
126,489
16,649
Shareholders' funds
126,584
16,744
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 May 2025 and were signed on its behalf by
Kwesi Olatunji
Director
Company Registration No. 07756790
FOSTERING FOR YOU LIMITED
Notes to the Accounts
for the year ended 31 August 2024
FOSTERING FOR YOU LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07756790. The registered office is Unit 2.06 The Light Bulb, 1 Filament Walk, Wandsworth, London, SW18 4GQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on cost using the straight line method
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2023
21,085
8,972
30,057
Disposals
(20,551)
-
(20,551)
At 31 August 2024
1,637
8,972
10,609
At 1 September 2023
20,670
6,443
27,113
Charge for the year
449
1,372
1,821
On disposals
(20,551)
-
(20,551)
At 31 August 2024
568
7,815
8,383
At 31 August 2024
1,069
1,157
2,226
At 31 August 2023
415
2,529
2,944
FOSTERING FOR YOU LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
376,467
223,960
Accrued income and prepayments
9,028
-
Other debtors
130,715
82,186
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
81,177
57,340
Other creditors
153,942
238,710
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
213,852
172,702
Allotted, called up and fully paid:
95 Ordinary shares of £1 each
95
95
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
65,524
25,328
-
90,852
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).