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Registration number: 12892166

Fine British Emporium Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 January 2025

 

Fine British Emporium Limited

(Registration number: 12892166)
Statement of Financial Position as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

55,695

103,441

Current assets

 

Stocks

5

188,951

215,198

Debtors

6

5,227

3,794

Cash at bank and in hand

 

19,451

108,869

 

213,629

327,861

Creditors: Amounts falling due within one year

7

(25,918)

(31,117)

Net current assets

 

187,711

296,744

Total assets less current liabilities

 

243,406

400,185

Creditors: Amounts falling due after more than one year

7

(500,000)

(600,000)

Net liabilities

 

(256,594)

(199,815)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(256,694)

(199,915)

Shareholders' deficit

 

(256,594)

(199,815)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 4 July 2025
 

 

Fine British Emporium Limited

(Registration number: 12892166)
Statement of Financial Position as at 31 January 2025

.........................................
Mr A S North
Director

 

Fine British Emporium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Merchant House, Market Square, Kirby Lonsdale, Cumbria, LA6 2AN. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% on the reducing balance or straight line over the inital lease period

 

Fine British Emporium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

 

Fine British Emporium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 February 2024

189,391

189,391

Disposals

(165)

(165)

At 31 January 2025

189,226

189,226

Depreciation

At 1 February 2024

85,950

85,950

Charge for the year

47,581

47,581

At 31 January 2025

133,531

133,531

Carrying amount

At 31 January 2025

55,695

55,695

At 31 January 2024

103,441

103,441

5

Stocks

2025
£

2024
£

Finished goods and goods for resale

188,951

215,198

6

Debtors

2025
£

2024
£

Trade debtors

1,495

-

Prepayments

3,732

3,794

5,227

3,794

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Trade creditors

 

2,861

12,007

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11,996

13,398

Taxation and social security

 

5,869

3,400

Accruals and deferred income

 

5,192

2,312

 

25,918

31,117

 

Fine British Emporium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Creditors: amounts falling due after more than one year

2025
£

2024
£

Other non-current financial liabilities

500,000

600,000