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Registered number: 02461780
Fortune Cookie Company Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
TaxAssist Accountants
ACA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02461780
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 231,769 274,697
231,769 274,697
CURRENT ASSETS
Stocks 5 - 42,400
Debtors 6 121,368 72,630
Cash at bank and in hand 779,176 804,763
900,544 919,793
Creditors: Amounts Falling Due Within One Year 7 (98,738 ) (76,593 )
NET CURRENT ASSETS (LIABILITIES) 801,806 843,200
TOTAL ASSETS LESS CURRENT LIABILITIES 1,033,575 1,117,897
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,580 ) (51,580 )
NET ASSETS 981,995 1,066,317
CAPITAL AND RESERVES
Called up share capital 8 1,200 1,200
Profit and Loss Account 980,795 1,065,117
SHAREHOLDERS' FUNDS 981,995 1,066,317
Page 1
Page 2
For the year ending 31 March 2025 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
Mrs Linda Yarnton
Director
16/07/2025
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
Fortune Cookie Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02461780 . The registered office is Fortune House Priestley Way, Crawley, RH10 9NT.
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.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Freehold 4% on cost
Plant & Machinery 10% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 10% reducing balance
Computer Equipment 10% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
Office and administration 13 13
13 13
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 637,776 474,244 8,750 229,463
As at 31 March 2025 637,776 474,244 8,750 229,463
Depreciation
As at 1 April 2024 528,588 418,467 8,269 124,002
Provided during the period 25,511 5,578 96 11,364
As at 31 March 2025 554,099 424,045 8,365 135,366
Net Book Value
As at 31 March 2025 83,677 50,199 385 94,097
As at 1 April 2024 109,188 55,777 481 105,461
Computer Equipment Total
£ £
Cost
As at 1 April 2024 24,283 1,374,516
As at 31 March 2025 24,283 1,374,516
Depreciation
As at 1 April 2024 20,493 1,099,819
Provided during the period 379 42,928
As at 31 March 2025 20,872 1,142,747
Net Book Value
As at 31 March 2025 3,411 231,769
As at 1 April 2024 3,790 274,697
Page 4
Page 5
5. Stocks
2025 2024
£ £
Stock - 42,400
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 107,414 61,711
VAT 13,954 10,919
121,368 72,630
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 30,246 12,885
Corporation tax 49,185 43,699
Other taxes and social security 7,593 7,470
Other creditors 177 895
Pension Payable (231 ) -
Accruals and deferred income 2,520 2,030
Directors' loan accounts 9,248 9,614
98,738 76,593
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1,200 1,200
Page 5