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Registered Number: 13728178


 

 

 

MICK FODEN COMMERCIALS LTD



Abridged Accounts
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
Report to the directors on the preparation of the unaudited statutory accounts of Mick Foden Commercials Ltd for the year ended 30 November 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mick Foden Commercials Ltd for the year ended 30 November 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of Mick Foden Commercials Ltd, as a body, in accordance with the terms of our engagement letter dated 01 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of Mick Foden Commercials Ltd and state those matters that we have agreed to state to the Board of Directors of Mick Foden Commercials Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mick Foden Commercials Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Mick Foden Commercials Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mick Foden Commercials Ltd. You consider that Mick Foden Commercials Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Mick Foden Commercials Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
30 November 2024.



....................................................
Moorhurst Partners LLP
SUITE 39 ALBERT BUILDINGS
49 Queen Victoria Street
LONDON
EC4N 4SA
10 June 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 27,805    33,332 
27,805    33,332 
Current assets      
Stocks 14,263   
Debtors 34,587    41,484 
Cash at bank and in hand 11,288    9,878 
60,138    51,362 
Creditors: amount falling due within one year (68,623)   (45,482)
Net current assets (8,485)   5,880 
 
Total assets less current liabilities 19,320    39,212 
Accruals and deferred income   (18,444)
Provisions for liabilities (949)  
Net assets 18,371    20,768 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 18,369    20,766 
Shareholders' funds 18,371    20,768 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 10 June 2025 and were signed on its behalf by:


-------------------------------
Philip Foden
Director
2
General Information
Mick Foden Commercials Ltd is a private company, limited by shares, registered in , registration number 13728178, registration address Unit 152, Culham No.1 Site, Station Road, Abingdon, OX14 3DA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Straight Line
Computer Equipment 20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 5 (2023 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 December 2023 8,138    33,027      2,769    43,934 
Additions     1,377    243    1,620 
Disposals        
At 30 November 2024 8,138    33,027    1,377    3,012    45,554 
Depreciation
At 01 December 2023 1,491    8,377      734    10,602 
Charge for year 1,329    5,287    96    435    7,147 
On disposals        
At 30 November 2024 2,820    13,664    96    1,169    17,749 
Net book values
Closing balance as at 30 November 2024 5,318    19,363    1,281    1,843    27,805 
Opening balance as at 01 December 2023 6,647    24,650      2,035    33,332 


3