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Registration number: 12946643

F. Schumacher & Co. Uk Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2024

 

F. Schumacher & Co. Uk Ltd

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

F. Schumacher & Co. Uk Ltd

Company Information

Directors

Mr Timur Yumusaklar

Antonella Pilo

Registered office

79-89
Lots Road
London
SW10 0RN

Accountants

TAX LINK(CTA) GROUP LIMITED
Chartered Accountants & Tax AdvisorsThe Long Lodge
265-269 Kingston Road
Wimbledon
London
SW19 3NW

 

F. Schumacher & Co. Uk Ltd

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the abridged financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr Benjamin Ernst Ferdinand Frowein (ceased 20 March 2025)

Mr Timur Yumusaklar

Antonella Pilo

Principal activity

The principal activity of the company is Retail sale of textiles in specialised stores

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 August 2025 and signed on its behalf by:
 

.........................................
Antonella Pilo
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
F. Schumacher & Co. Uk Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F. Schumacher & Co. Uk Ltd for the year ended 31 December 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of F. Schumacher & Co. Uk Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of F. Schumacher & Co. Uk Ltd and state those matters that we have agreed to state to the Board of Directors of F. Schumacher & Co. Uk Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F. Schumacher & Co. Uk Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that F. Schumacher & Co. Uk 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 loss of F. Schumacher & Co. Uk Ltd. You consider that F. Schumacher & Co. Uk 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 F. Schumacher & Co. Uk 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.

......................................

TAX LINK(CTA) GROUP LIMITED
Chartered Accountants & Tax Advisors
The Long Lodge
265-269 Kingston Road
Wimbledon
London
SW19 3NW

13 August 2025

 

F. Schumacher & Co. Uk Ltd

Abridged Profit and Loss Account for the Year Ended 31 December 2024

Note

2024
£

2023
£

Gross profit

 

1,280,875

1,088,686

Administrative expenses

 

(1,320,621)

(1,650,203)

Loss before tax

(39,746)

(561,517)

Loss for the financial year

 

(39,746)

(561,517)

The company has no recognised gains or losses for the year other than the results above.

 

F. Schumacher & Co. Uk Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2024

2024
£

2023
£

Loss for the year

(39,746)

(561,517)

Total comprehensive income for the year

(39,746)

(561,517)

 

F. Schumacher & Co. Uk Ltd

(Registration number: 12946643)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

119,714

114,938

Current assets

 

Debtors

(3,673,135)

(3,572,291)

Cash at bank and in hand

 

53,096

63,880

 

(3,620,039)

(3,508,411)

Prepayments and accrued income

 

57,217

55,142

Creditors: Amounts falling due within one year

(191,512)

(256,543)

Net current liabilities

 

(3,754,334)

(3,709,812)

Net liabilities

 

(3,634,620)

(3,594,874)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(3,634,720)

(3,594,974)

Shareholders' deficit

 

(3,634,620)

(3,594,874)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 13 August 2025 and signed on its behalf by:
 

.........................................
Antonella Pilo
Director

 

F. Schumacher & Co. Uk Ltd

Statement of Changes in Equity for the Year Ended 31 December 2024

Share capital
£

Retained earnings
£

Total
£

At 1 January 2024

100

(3,594,974)

(3,594,874)

Loss for the year

-

(39,746)

(39,746)

At 31 December 2024

100

(3,634,720)

(3,634,620)

Share capital
£

Retained earnings
£

Total
£

At 1 January 2023

100

(3,033,457)

(3,033,357)

Loss for the year

-

(561,517)

(561,517)

At 31 December 2023

100

(3,594,974)

(3,594,874)

 

F. Schumacher & Co. Uk Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

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:
79-89
Lots Road
London
SW10 0RN

These financial statements were authorised for issue by the Board on 13 August 2025.

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 abridged 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 abridged 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.

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 sales/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.

Tangible assets

Tangible assets are stated in the balance sheet 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.

 

F. Schumacher & Co. Uk Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

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

Leasehold improvements

Straight line - 33.33%

Computer equipment

Straight line - 33.33%

Furniture and fitings

Straight line - 33.33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 17).

 

F. Schumacher & Co. Uk Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

Additions

98,952

20,737

238,198

357,887

At 31 December 2024

98,952

20,737

238,198

357,887

Depreciation

Charge for the year

77,678

9,235

151,260

238,173

At 31 December 2024

77,678

9,235

151,260

238,173

Carrying amount

At 31 December 2024

21,274

11,502

86,938

119,714

At 31 December 2023

1,590

2,854

110,494

114,938

Included within the net book value of land and buildings above is £21,274 (2023 - £1,590) in respect of short leasehold land and buildings.
 

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100