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REGISTERED NUMBER: 08702027 (England and Wales)


Financial Statements for the Year Ended 30 September 2024

for

Fagley Off Licence Ltd

Fagley Off Licence Ltd (Registered number: 08702027)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fagley Off Licence Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr Kantilal Bhikhubhai Patel
Mrs Rita Kantilal Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 08702027 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Fagley Off Licence Ltd (Registered number: 08702027)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,370 57,212

CURRENT ASSETS
Stocks 40,800 42,598
Debtors 5 15,614 1,437
Cash at bank and in hand 50,015 53,213
106,429 97,248
CREDITORS
Amounts falling due within one year 6 119,830 127,396
NET CURRENT LIABILITIES (13,401 ) (30,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,969

27,064

CREDITORS
Amounts falling due after more than one
year

7

65,478

26,806
NET ASSETS 2,491 258

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 2,291 58
SHAREHOLDERS' FUNDS 2,491 258

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.

Fagley Off Licence Ltd (Registered number: 08702027)

Statement of Financial Position - continued
30 September 2024


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 11 June 2025 and were signed on its behalf by:





Mr Kantilal Bhikhubhai Patel - Director


Fagley Off Licence Ltd (Registered number: 08702027)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Fagley Off Licence 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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 111,275
Additions 41,957
At 30 September 2024 153,232
DEPRECIATION
At 1 October 2023 54,063
Charge for year 17,799
At 30 September 2024 71,862
NET BOOK VALUE
At 30 September 2024 81,370
At 30 September 2023 57,212

Fagley Off Licence Ltd (Registered number: 08702027)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 13,479 -
Other debtors 2,135 1,437
15,614 1,437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 15,279 22,684
Taxation and social security 3,004 1,493
Other creditors 101,547 103,219
119,830 127,396

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 16,669 26,806
Hire purchase contracts 48,809 -
65,478 26,806

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
200 Ordinary £1 200 200

9. RELATED PARTY DISCLOSURES

During the year, the company has paid rent of £6,000 (£6,000 :2023) in respect of business property owned by the directors.