REGISTERED NUMBER: 12286964 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 29 March 2025

for

F.o Five Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Beese

SECRETARY:

REGISTERED OFFICE:

3 Sheen Road

Richmond Upon Thames

TW9 1AD

REGISTERED NUMBER:

12286964 (England and Wales)

ACCOUNTANTS:

Richmond Accounting & Advisory Ltd

3 Sheen Road

Richmond upon Thames

Richmond

Surrey

TW9 1AD

Fixed assets

Tangible assets

3

532,573

697,478

Current assets

Stocks

4

3,475

9,436

Debtors

5

271,105

400,146

Cash at bank and in hand

24,035

18,127

298,615

427,709

Creditors

Amounts falling due within one year

6

(1,443,472

)

(786,897

)

Net current liabilities

(1,144,857

)

(359,188

)

Total assets less current liabilities

(612,284

)

338,290

Provisions for liabilities

7

(44,137

)

(147,121

)

Accruals and deferred income

-

(778,211

)

Net liabilities

(656,421

)

(587,042

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(656,521

)

(587,142

)

(656,421

)

(587,042

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 March 2026 and were signed by:

R J Beese - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements - Over the remaining term of the lease

Plant and machinery - 25% reducing balance

Fixtures and fittings - 15% reducing balance

Computer equipment - 33% straight line

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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DILAPIDATIONS

The Company has recognised a provision for dilapidations due to the requirement to return the operating site back to its original condition at the end of the rental lease

The director considers the estimated costs related to returning to site to its original condition to be capital in nature and thus have been capitalised and included within Tangible fixed assets.

The book value of the capitalised asset is reduced equally over the term of the lease in the form of an

impairment charge. The impairment charge is recognised immediately in profit and loss.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 33 (2024 - 32 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

Additions

73,179

9,440

961,043

2,952

1,046,614

At 29 March 2025

73,179

9,440

961,043

2,952

1,046,614

DEPRECIATION

Charge for period

16,378

4,367

492,621

675

514,041

At 29 March 2025

16,378

4,367

492,621

675

514,041

NET BOOK VALUE

At 29 March 2025

56,801

5,073

468,422

2,277

532,573

4.

STOCKS

2025

2024

£

£

Finished goods

3,475

9,436

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,604

Amounts owed by group undertakings

190,627

84,275

Other debtors

-

223,112

No description

2,500

-

Prepayments and accrued income

10,385

-

Prepayments

67,593

91,155

271,105

400,146

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

288,865

269,488

Amounts owed to group undertakings

256,962

81,201

Social security and other tax

7,429

6,400

Pension Liability

380

297

VAT

12,728

17,013

Other creditors

-

168,511

No description

(13,860

)

-

Accruals and deferred income

915,658

243,987

Accrued expenses

(24,690

)

-

1,443,472

786,897

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Other provisions

44,137

147,121

8.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund.

Contributions totalling £380 (2024 - £297) were payable to the fund at the balance sheet date and are included in creditors.

9.	GOING CONCERN

The director has reviewed the financial position of the Company and is considering its future based on its financial performance and discussions with its creditors.

If the Company is unable to continue to trade, its fixed assets and creditors due over one year would be restated and reclassified as current assets and creditors within one year.

The financial statements do not include any adjustments that would result from the Company being unable to continue trading and thus have been prepared on the going concern basis.