REGISTERED NUMBER: 14340220 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Fawcett & Fine Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R M Fawcett

Ms R Finegold

REGISTERED OFFICE:

NT Accountancy

43 Lynton Mead

London

N20 8DG

REGISTERED NUMBER:

14340220 (England and Wales)

ACCOUNTANTS:

NT Accountancy

Chartered Accountants

43 Lynton Mead

London

N20 8DG

FIXED ASSETS

Tangible assets

4

22,495

24,378

CURRENT ASSETS

Stocks

5

3,500

3,000

Debtors

6

3,384

6,314

Cash at bank

64,089

56,726

70,973

66,040

CREDITORS

Amounts falling due within one year

7

71,429

69,562

NET CURRENT LIABILITIES

(456

)

(3,522

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,039

20,856

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

21,939

20,756

SHAREHOLDERS' FUNDS

22,039

20,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:

R M Fawcett - Director

Ms R Finegold - Director

1.	STATUTORY INFORMATION

Fawcett & Fine Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Kitchen equipment

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Kitchen

and

Computer

equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2023

23,333

3,954

1,842

29,129

Additions

2,434

-

-

2,434

At 30 September 2024

25,767

3,954

1,842

31,563

DEPRECIATION

At 1 October 2023

3,500

791

460

4,751

Charge for year

3,340

632

345

4,317

At 30 September 2024

6,840

1,423

805

9,068

NET BOOK VALUE

At 30 September 2024

18,927

2,531

1,037

22,495

At 30 September 2023

19,833

3,163

1,382

24,378

5.

STOCKS

30.9.24

30.9.23

£

£

Stocks

3,500

3,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

134

3,064

Other debtors

3,250

3,250

3,384

6,314

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

1,004

7,408

Corporation Tax

10,413

-

Social security and other taxes

16,084

-

Other creditors

272

448

Directors' current accounts

40,859

59,516

Accrued expenses

2,797

2,190

71,429

69,562