2024-01-012024-12-312024-12-31false09158009THE FIBRE COMPANY (UK) 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THE FIBRE COMPANY (UK) LTD

Registered Number
09158009
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

THE FIBRE COMPANY (UK) LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

MARINOPOULOS, Daphne Jean
STANLEY, Iain

Company Secretary

STANLEY, Iain

Registered Address

Fellgarth
Bassenthwaite
Keswick
CA12 4RL

Registered Number

09158009 (England and Wales)
THE FIBRE COMPANY (UK) LTD
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-22,500
Tangible assets410,86513,581
10,86536,081
Current assets
Stocks526,573481,565
Debtors6748,208103,425
Cash at bank and on hand174,080377,721
948,861962,711
Creditors amounts falling due within one year7(173,784)(225,455)
Net current assets (liabilities)775,077737,256
Total assets less current liabilities785,942773,337
Creditors amounts falling due after one year8-(25,000)
Provisions for liabilities9(2,879)(3,599)
Net assets783,063744,738
Capital and reserves
Called up share capital100100
Profit and loss account782,963744,638
Shareholders' funds783,063744,738
The financial statements were approved and authorised for issue by the Board of Directors on 7 August 2025, and are signed on its behalf by:
STANLEY, Iain
Director
Registered Company No. 09158009
THE FIBRE COMPANY (UK) LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment20
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other 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.
Financial instruments
The company enters into basic financial instrument 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, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year58
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 2422,50022,500
Disposals(22,500)(22,500)
Net book value
At 31 December 24--
At 31 December 2322,50022,500
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 2430,60830,608
At 31 December 2430,60830,608
Depreciation and impairment
At 01 January 2417,02717,027
Charge for year2,7162,716
At 31 December 2419,74319,743
Net book value
At 31 December 2410,86510,865
At 31 December 2313,58113,581
5.Stocks

2024

2023

££
Finished goods26,573481,565
Total26,573481,565
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables204,35299,137
Amounts owed by associates and joint ventures / participating interests542,366-
Prepayments and accrued income1,4904,288
Total748,208103,425
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,754584
Taxation and social security28,63544,350
Other creditors132,038166,146
Accrued liabilities and deferred income8,35714,375
Total173,784225,455
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-25,000
Total-25,000
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,8793,599
Total2,8793,599