| Registered Number:SC540923 |
For the year ended 31 July 2024
Scotland
Unaudited Financial Statements
For the year ended 31 July 2024
Far Features Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Far Features Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
19,130
17,906
2
19,130
17,906
11,344
| Cash and cash equivalents |
22,943
22,943
11,344
| Trade and other payables: amounts falling due within one |
| year |
(16,956)
(27,740)
4
(5,612)
(4,797)
Net current liabilities
| Total assets less current liabilities |
14,333
12,294
14,333
Net assets
12,294
1
1
14,332
12,293
14,333
12,294
Shareholders' funds
| For the year ended 31 July 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 July 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 14 May 2025 and were signed by: |
| The notes form part of these financial statements |
1 of 3
For the year ended 31 July 2024
Far Features Ltd
Notes to the Financial Statements
Statutory Information
| Far Features Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number |
| SC540923. |
39 Wilson Place
Dunbar
East Lothian
EH42 1GG
| 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. |
| 2. Property, plant and equipment |
37,883
5,519
43,402
| Provision for depreciation and impairment |
19,977
Charge for year
4,295
24,272
19,130
17,906
| 3. Trade and other receivables |
| Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment. |
2 of 3
For the year ended 31 July 2024
Far Features Ltd
Notes to the Financial Statements Continued
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
| Bank loans and overdraft (secured) |
7,148
7,820
| Taxation and social security |
1,977
778
18,615
8,358
27,740
16,956
| Short-term creditors are measured at the transaction price. Other financial laibilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| 5. Average number of persons employed |
During the year the average number of employees was 0
3 of 3