Company Registration No. 08603300 (England and Wales)
Fugo Ltd
Unaudited accounts
for the year ended 31 July 2025
Fugo Ltd
Unaudited accounts
Contents
Fugo Ltd
Company Information
for the year ended 31 July 2025
Director
Mr. Zurab Kakabadze
Company Number
08603300 (England and Wales)
Registered Office
Scott House Suite 1 The Concourse
Waterloo Station
London
SE1 7LY
United Kingdom
Fugo Ltd
Statement of financial position
as at 31 July 2025
Intangible assets
28,406
31,005
Cash at bank and in hand
64,748
35,546
Creditors: amounts falling due within one year
(73,336)
(109,891)
Net current assets/(liabilities)
21,520
(47,014)
Total assets less current liabilities
55,996
(16,009)
Creditors: amounts falling due after more than one year
(305,450)
(206,599)
Net liabilities
(249,454)
(222,608)
Called up share capital
200
200
Profit and loss account
(249,654)
(222,808)
Shareholders' funds
(249,454)
(222,608)
For the year ending 31 July 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 29 April 2026 and were signed on its behalf by
Mr. Zurab Kakabadze
Director
Company Registration No. 08603300
Fugo Ltd
Notes to the Accounts
for the year ended 31 July 2025
Fugo Ltd is a private company, limited by shares, registered in England and Wales, registration number 08603300. The registered office is Scott House Suite 1 The Concourse, Waterloo Station, London, SE1 7LY, United Kingdom.
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.
These financial statements for the year ended 31 July 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2023
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer equipment: 25% per annum reducing balance (WDV)
Intangible assets are initially recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is provided to write off the cost of intangible assets over their estimated useful lives on a straight-line basis as follows:
Intangible assets: 5 years straight line
4
Intangible fixed assets
Other
Fugo Ltd
Notes to the Accounts
for the year ended 31 July 2025
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
1,029
167
Other debtors
26,752
25,000
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
10,345
560
Taxes and social security
4,255
3,848
Other creditors
3,991
2,142
Loans from directors
54,726
101,951
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
301,833
199,882
9
Average number of employees
During the year the average number of employees was 4 (2024: 4).