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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
Page
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FOSTERING FOR YOU LIMITED Company Information for the year ended 31 August 2024
Director
Kwesi Olatunji
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
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FOSTERING FOR YOU LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,226 
2,944 
Current assets
Debtors
516,210 
306,146 
Cash at bank and in hand
57,119 
176,406 
573,329 
482,552 
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)
Net assets
126,584 
16,744 
Capital and reserves
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
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FOSTERING FOR YOU LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Additions
1,103 
- 
1,103 
Disposals
(20,551)
- 
(20,551)
At 31 August 2024
1,637 
8,972 
10,609 
Depreciation
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 
Net book value
At 31 August 2024
1,069 
1,157 
2,226 
At 31 August 2023
415 
2,529 
2,944 
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FOSTERING FOR YOU LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
376,467 
223,960 
Accrued income and prepayments
9,028 
- 
Other debtors
130,715 
82,186 
516,210 
306,146 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
81,177 
57,340 
Other creditors
153,942 
238,710 
235,119 
296,050 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
213,852 
172,702 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
95 Ordinary shares of £1 each
95 
95 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Kwesi Olatunji
Loan to Director
65,524 
25,328 
- 
90,852 
65,524 
25,328 
- 
90,852 
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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