General Information
Fogal and Barnes Ltd is a private company, limited by shares, registered in England and Wales, registration number 12657600, registration address 14 Cambridge Street, Harrogate, North Yorkshire, HG1 1RX.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
33% Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 3 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Computer Equipment |
|
Total |
| |
£ |
|
£ |
| At 01 January 2025 |
926 |
|
926 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2025 |
926 |
|
926 |
| Depreciation |
| At 01 January 2025 |
459 |
|
459 |
| Charge for year |
174 |
|
174 |
| On disposals |
- |
|
- |
| At 31 December 2025 |
633 |
|
633 |
| Net book values |
| Closing balance as at 31 December 2025 |
293 |
|
293 |
| Opening balance as at 01 January 2025 |
467 |
|
467 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
171,030 |
|
190,252 |
|
171,030 |
|
190,252 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
753 |
|
0 |
| Other Debtors |
21,439 |
|
26,207 |
|
22,192 |
|
26,207 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
35,137 |
|
72,038 |
| Taxation and Social Security |
37,887 |
|
46,867 |
| Other Creditors |
9,724 |
|
39,801 |
|
82,748 |
|
158,706 |
|
| 7. |
Advances and Credits
M Norman During the year ended 31st December 2025, £104,970 was repaid by the Company to the Director, and the Director made a further advance of £75,725 to the Company. | Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| M Norman | 30,912 | | 75,725 | | 0 | | 104,970 | | 0 | | 0 | | 1,667 | | 30,912 | | 75,725 | | 0 | | 104,970 | | 0 | | 0 | | 1,667 |
| Brought Forward
£ | Amount
£ | Interest
£ | Repaid
£ | Written Off
£ | Waived
£ | Carry Forward
£ |
|---|
| M Norman | 57,515 | | 74,039 | | 0 | | 100,642 | | 0 | | 0 | | 30,912 | | 57,515 | | 74,039 | | 0 | | 100,642 | | 0 | | 0 | | 30,912 |
|
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