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Registered number: 07264432
Faerie Tale Alpacas Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
Abacus Tax Consultants Ltd
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Faerie Tale Alpacas Ltd for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Faerie Tale Alpacas Ltd for the year ended 31 July 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Faerie Tale Alpacas Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Faerie Tale Alpacas Ltd and state those matters that we have agreed to state to the directors of Faerie Tale Alpacas Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Faerie Tale Alpacas Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that Faerie Tale Alpacas Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Faerie Tale Alpacas Ltd . You consider that Faerie Tale Alpacas Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Faerie Tale Alpacas Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
30/07/2026
Abacus Tax Consultants Ltd
Chartered Accountants
The Colmore Building
20 Colmore Circus
Birmingham
West Midlands
B4 6AT
Page 1
Page 2
Balance Sheet
Registered number: 07264432
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 76,775 95,993
Investments 5 1,081 1,081
77,856 97,074
CURRENT ASSETS
Stocks 6 87,675 125,425
Debtors 7 366 -
Cash at bank and in hand 6,173 6,441
94,214 131,866
Creditors: Amounts Falling Due Within One Year 8 (4,778 ) (2,460 )
NET CURRENT ASSETS (LIABILITIES) 89,436 129,406
TOTAL ASSETS LESS CURRENT LIABILITIES 167,292 226,480
Creditors: Amounts Falling Due After More Than One Year 9 (154,431 ) (135,844 )
NET ASSETS 12,861 90,636
CAPITAL AND RESERVES
Called up share capital 10 304,500 304,500
Profit and Loss Account (291,639 ) (213,864 )
SHAREHOLDERS' FUNDS 12,861 90,636
Page 2
Page 3
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 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
Mr Kiritkumar Gunvantrai Vaidya
Director
30/07/2026
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Faerie Tale Alpacas Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07264432 . The registered office is Skn Business Centre, 1 Guildford Street, Birmingham, West Midlands, B19 2HN.
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 No depreciation
Plant & Machinery 10% Straight Line
Animals No depreciation
Computer Equipment 20% 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.
Page 4
Page 5
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Animals Computer Equipment Total
£ £ £ £ £
Cost
As at 1 August 2024 61,303 24,957 27,325 500 114,085
Additions 1,076 - - - 1,076
As at 31 July 2025 62,379 24,957 27,325 500 115,161
Depreciation
As at 1 August 2024 - 17,592 - 500 18,092
Provided during the period - 1,369 - - 1,369
Disposals - - 18,925 - 18,925
As at 31 July 2025 - 18,961 18,925 500 38,386
Net Book Value
As at 31 July 2025 62,379 5,996 8,400 - 76,775
As at 1 August 2024 61,303 7,365 27,325 - 95,993
Page 5
Page 6
5. Investments
Unlisted
£
Cost or Valuation
As at 1 August 2024 1,081
As at 31 July 2025 1,081
Provision
As at 1 August 2024 -
As at 31 July 2025 -
Net Book Value
As at 31 July 2025 1,081
As at 1 August 2024 1,081
6. Stocks
2025 2024
£ £
Finished goods 87,675 125,425
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 366 -
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,952 609
Taxation and social security 1,826 1,851
4,778 2,460
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 154,431 135,844
Page 6
Page 7
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 304,500 304,500
Page 7