2023-08-01 SC540923 2024-07-31 SC540923 2023-08-01 2024-07-31 SC540923 2023-07-31 SC540923 2022-08-01 2023-07-31 SC540923 uk-core:WithinOneYear 2023-07-31 SC540923 uk-core:WithinOneYear 2024-07-31 SC540923 uk-core:ShareCapital 2024-07-31 SC540923 uk-core:ShareCapital 2023-07-31 SC540923 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 SC540923 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC540923 uk-bus:Director1 2023-08-01 2024-07-31 SC540923 uk-core:WithinOneYear uk-core:Secured 2024-07-31 SC540923 uk-core:WithinOneYear uk-core:Secured 2023-07-31 SC540923 uk-core:WithinOneYear 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure SC540923 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC540923 uk-bus:FRS102 2023-08-01 2024-07-31 SC540923 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 SC540923 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
Far Features Ltd
Registered Number:SC540923
For the year ended 31 July 2024
Scotland
Unaudited Financial Statements
2
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
3
Registered Number :
SC540923
As at 31 July 2024
Far Features Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
19,130
17,906
2
19,130
17,906
Current assets
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
Capital and reserves
Called up share capital
1
1
Retained earnings
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.
Fraser Morton Director
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
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4
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.
Registered address:
39 Wilson Place
Dunbar
East Lothian
EH42 1GG
The presentation currency is £ sterling.
1. Accounting policies
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
Computer
Equipment
£
Cost or
valuation
At 01 August 2023
37,883
5,519
Additions
At 31 July 2024
43,402
Provision for depreciation and impairment
At 01 August 2023
19,977
Charge for year
4,295
At 31 July 2024
24,272
At 31 July 2024
Net book value
19,130
At 31 July 2023
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.
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5
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
Other creditors
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
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