Company Registration No. 10561370 (England and Wales)
Fugglestar Ltd
Unaudited accounts
for the year ended 31 March 2025
Fugglestar Ltd
Unaudited accounts
Contents
Fugglestar Ltd
Company Information
for the year ended 31 March 2025
Directors
Mr D Kwaitkowski
Mr A Berhane
Company Number
10561370 (England and Wales)
Registered Office
Five Pointed Star
100 High Street
West Malling
Kent
ME19 6NE
England
Accountants
Austin, Taylor Limited
16 Dover Street
Canterbury
Kent
CT1 3HD
Fugglestar Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
44,537
53,078
Cash at bank and in hand
27,663
16,684
Creditors: amounts falling due within one year
(221,910)
(235,297)
Net current liabilities
(125,005)
(183,261)
Total assets less current liabilities
(80,468)
(130,183)
Creditors: amounts falling due after more than one year
(20,646)
(26,315)
Net liabilities
(101,114)
(156,498)
Called up share capital
67
67
Profit and loss account
(101,181)
(156,565)
Shareholders' funds
(101,114)
(156,498)
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 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 of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by
Mr D Kwaitkowski
Director
Company Registration No. 10561370
Fugglestar Ltd
Notes to the Accounts
for the year ended 31 March 2025
Fugglestar Ltd is a private company, limited by shares, registered in England and Wales, registration number 10561370. The registered office is Five Pointed Star, 100 High Street, West Malling, Kent, ME19 6NE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
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:
Land & buildings
5% On cost
Plant & machinery
20% On Cost
Fixtures & fittings
25% On Cost
Computer equipment
25% On Cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Fugglestar Ltd
Notes to the Accounts
for the year ended 31 March 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
34,642
71,515
161,251
4,732
272,140
Additions
-
3,353
2,611
2,011
7,975
At 31 March 2025
34,642
74,868
163,862
6,743
280,115
At 1 April 2024
11,800
65,109
137,591
4,562
219,062
Charge for the year
1,732
2,533
11,691
560
16,516
At 31 March 2025
13,532
67,642
149,282
5,122
235,578
At 31 March 2025
21,110
7,226
14,580
1,621
44,537
At 31 March 2024
22,842
6,406
23,660
170
53,078
Amounts falling due after more than one year
Other debtors
62,242
28,352
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
98,755
66,996
Trade creditors
70,770
81,409
Taxes and social security
48,134
41,989
Fugglestar Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
(348)
9,950
-
9,602
Directors Loan
(348)
9,950
-
9,602
The directors loan balances are interest free and repayable on demand. The maximum outstanding was £9,602 each.
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Average number of employees
During the year the average number of employees was 25 (2024: 25).