FINGATHING LTD - Filleted accounts

Registered number

09720073

FINGATHING LTD

Filleted Accounts

31 August 2024

FINGATHING LTD
Registered number:		09720073
Balance Sheet
as at 31 August 2024

Notes			2024			2023
£				£
Current assets
Cash at bank and in hand		272			171

Creditors: amounts falling due within one year	3	(3,567)			(2,793)

Net current liabilities			(3,295)			(2,622)

Net liabilities			(3,295)			(2,622)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(3,395)			(2,722)

Shareholders' funds			(3,295)			(2,622)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr D Baxter
Director
Approved by the board on 22 May 2025

FINGATHING LTD
Notes to the Accounts
for the year ended 31 August 2024


1	Accounting policies

	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
	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.


	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Pensions
	The company did not operate a pension scheme during the year.




2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	2		2




3	Creditors: amounts falling due within one year	2024		2023
£			£

	Trade creditors and accruals	2,020		1,566
	Other creditors - directors' loan account	1,547		1,227
		3,567		2,793



4	Events after the reporting date
	There were no events after the reporting date which would affect the user's understanding of these accounts.



5	Contingent liabilities
	There were no contingent liabilities in existence at the year end.



6	Controlling party
	Each director owns 50% of the issued ordinary share capital of the company.



7	Other information

	FINGATHING LTD is a private company limited by shares and incorporated in England. Its registered office is:
	24 Oswald Road
	Chorlton Cum Hardy
	Manchester
	M21 9LP