Company Registration No. 12530316 (England and Wales)
M Fogden Ltd
Unaudited financial statements
for the year ended 31 March 2025
M Fogden Ltd
Unaudited financial statements
Contents
M Fogden Ltd
Company Information
for the year ended 31 March 2025
Company Number
12530316 (England and Wales)
Registered Office
Flat 2
10c Woods Road
Caversham
Reading
RG4 6NA
United Kingdom
Accountants
HJB Accountancy
123 Badminton Road
Downend
Bristol
BS16 6NE
M Fogden Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
2,507
2,348
Cash at bank and in hand
8,349
13,240
Creditors: amounts falling due within one year
(11,840)
(15,503)
Net current assets
286
5,520
Total assets less current liabilities
2,793
7,868
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
2,217
7,322
Shareholders' funds
2,317
7,422
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2025 and were signed on its behalf by
M Fogden
Director
Company Registration No. 12530316
M Fogden Ltd
Notes to the Accounts
for the year ended 31 March 2025
M Fogden Ltd is a private company, limited by shares, registered in England and Wales, registration number 12530316. The registered office is Flat 2, 10c Woods Road, Caversham, Reading, RG4 6NA, United Kingdom.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' issued by the Financial Reporting Council.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation and functional currency
The financial statements have been prepared under the historical cost convention, modified to included certain items at fair value.
The functional currency of M Fogden Ltd is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
M Fogden Ltd
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - Straight-line basis
Computer equipment
20% - Straight-line basis
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight-line basis over the lease term.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
M Fogden Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
720
2,981
3,701
At 31 March 2025
1,619
2,981
4,600
At 1 April 2024
336
1,017
1,353
Charge for the year
144
596
740
At 31 March 2025
480
1,613
2,093
At 31 March 2025
1,139
1,368
2,507
At 31 March 2024
384
1,964
2,348
Amounts falling due within one year
Amounts due from group undertakings etc.
1,535
3,287
Accrued income and prepayments
882
954
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
6,403
9,461
Loans from directors
3,887
4,492
There are no amounts included above in respect of which any security has been given by the entity.
Allotted, called up and fully paid:
98 Ordinary A of £1 each
98
98
1 Ordinary B of £1 each
1
1
1 Ordinary C of £1 each
1
1
M Fogden Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,447
6,670
Later than one year and not later than five years
-
4,447
9
Transactions with related parties
At the year end, the company owed the director £3,887 (2024: £4,492). The loan is interest-free and there is no fixed date for repayment. This amount is included within loans from directors.
The company has taken advantage of the exemption in Section 1AC.35 of FRS 102 and has not disclosed related party transactions with the group.
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).