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Registered number: 12937957
FAT TONI'S FRANCHISE MANAGEMENT LIMITED
Unaudited Financial Statements
For The Year Ended 31 October 2024
Virgate Accounts Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12937957
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 9,000 10,000
Tangible Assets 5 80,851 -
89,851 10,000
CURRENT ASSETS
Debtors 6 58,074 76,843
Cash at bank and in hand 3,683 3,881
61,757 80,724
Creditors: Amounts Falling Due Within One Year 7 (225,242 ) (188,662 )
NET CURRENT ASSETS (LIABILITIES) (163,485 ) (107,938 )
TOTAL ASSETS LESS CURRENT LIABILITIES (73,634 ) (97,938 )
NET LIABILITIES (73,634 ) (97,938 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (73,734 ) (98,038 )
SHAREHOLDERS' FUNDS (73,634) (97,938)
Page 1
Page 2
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darren Orsi
Director
18/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
FAT TONI'S FRANCHISE MANAGEMENT LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12937957 . The registered office is 1st Floor Olympus House, Olympus Park, Quedgeley, Gloucester, GL2 4NF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are goodwill. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight line over 15 year
Fixtures & Fittings 5 years straight line
Computer Equipment 3 years straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2023: 14)
29 14
4. Intangible Assets
Other
£
Cost
As at 1 November 2023 10,000
As at 31 October 2024 10,000
Amortisation
As at 1 November 2023 -
Provided during the period 1,000
As at 31 October 2024 1,000
Net Book Value
As at 31 October 2024 9,000
As at 1 November 2023 10,000
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5. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 November 2023 - - - -
Additions 50,000 40,234 2,624 92,858
As at 31 October 2024 50,000 40,234 2,624 92,858
Depreciation
As at 1 November 2023 - - - -
Provided during the period 3,333 7,886 788 12,007
As at 31 October 2024 3,333 7,886 788 12,007
Net Book Value
As at 31 October 2024 46,667 32,348 1,836 80,851
As at 1 November 2023 - - - -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 15,961 6,107
Other debtors 42,113 (5,245 )
VAT - 17,025
Directors' loan accounts - 68,556
58,074 86,443
Due after more than one year
Amounts owed by group undertakings - (9,600 )
58,074 76,843
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 132,737 162,638
Corporation tax 7,313 11,779
Other taxes and social security 5,342 5,326
VAT 32,523 -
Other creditors 32,523 8,919
Directors' loan accounts 5,204 -
Amounts owed to group undertakings 9,600 -
225,242 188,662
Page 4
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5