Registered number
12252122
FOGGY LONDON LTD
Filleted Accounts
31 October 2024
FOGGY LONDON LTD
Registered number: 12252122
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Stocks 5,165 3,515
Debtors 3 25,366 24,968
Cash at bank and in hand 1,261 14,559
31,792 43,042
Creditors: amounts falling due within one year 4 (17,640) (23,277)
Net current assets 14,152 19,765
Total assets less current liabilities 14,152 19,765
Creditors: amounts falling due after more than one year 5 (22,996) (28,381)
Net liabilities (8,844) (8,616)
Capital and reserves
Called up share capital 100 100
Profit and loss account (8,944) (8,716)
Shareholder's funds (8,844) (8,616)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Abdullah ADANALI
Director
Approved by the board on 27 June 2025
FOGGY LONDON LTD
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Prepayments & other debtors 25,366 24,968
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 7,386 7,386
Taxation and social security costs 458 3,023
Other creditors 9,796 12,868
17,640 23,277
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 22,996 28,381
6 Other information
FOGGY LONDON LTD is a private company limited by shares and incorporated in England. Its registered office is:
132-134 Lots Road
London
SW10 0RJ
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