| Registered Number:07246903 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2024
Fundamental Textiles Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Fundamental Textiles Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
84,399
85,282
2
84,399
85,282
25,241
32,602
3
| Trade and other receivables |
136,861
188,554
4
476,301
| Cash and cash equivalents |
325,299
546,455
638,403
| Trade and other payables: amounts falling due within one |
| year |
(91,118)
(37,007)
5
547,285
509,448
Net current assets
| Total assets less current liabilities |
593,847
632,567
| Trade and other payables: amounts falling due after more |
| than one year |
(27,500)
(17,422)
6
(14,053)
(17,304)
| Provisions for liabilities |
562,372
Net assets
587,763
50
50
562,322
587,713
562,372
587,763
Shareholders' funds
| For the year ended 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
| each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
| 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
| statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 24 May 2025 and were signed by: |
1 of 4
For the year ended 31 August 2024
Fundamental Textiles Ltd
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 4
For the year ended 31 August 2024
Fundamental Textiles Ltd
Notes to the Financial Statements
Statutory Information
| Fundamental Textiles Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 07246903. |
19 Stanley Street
Manchester
M8 8SH
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Furniture and Fittings
| 2. Property, plant and equipment |
155,034
52,884
102,150
8,495
1,844
6,651
108,801
54,728
163,529
| Provision for depreciation and impairment |
69,752
36,678
33,074
Charge for year
9,378
1,805
7,573
79,130
38,483
40,647
68,154
16,245
84,399
69,076
16,206
85,282
3 of 4
For the year ended 31 August 2024
Fundamental Textiles Ltd
Notes to the Financial Statements Continued
2023
2024
32,602
25,241
| 4. Trade and other receivables |
2023
2024
149,287
136,861
39,267
-
136,861
188,554
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
16,847
13,032
| Taxation and social security |
9,380
68,055
10,780
10,031
37,007
91,118
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
17,422
27,500
| 7. Average number of persons employed |
During the year the average number of employees was 10 (2023 : 10)
4 of 4