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FOULDS GUITARS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026






FOULDS GUITARS LIMITED (REGISTERED NUMBER: 11734954)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOULDS GUITARS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2026







DIRECTORS: J L Marshall
Ms D M Marshall





REGISTERED OFFICE: 3-4 The Strand Arcade
Derby
Derbyshire
DE1 1BQ





REGISTERED NUMBER: 11734954 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Sixth Floor
Cavendish Building
1 Agard Street
Derby
Derbyshire
DE1 1DZ
Page 1
FOULDS GUITARS LIMITED (REGISTERED NUMBER: 11734954)

BALANCE SHEET
31 JANUARY 2026

2026 2025
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 605 300

CURRENT ASSETS
Stocks 121,409 123,141
Debtors 5 9,935 3,343
Cash at bank and in hand 21,909 325
153,253 126,809
CREDITORS
Amounts falling due within one year 6 62,705 95,571
NET CURRENT ASSETS 90,548 31,238
TOTAL ASSETS LESS CURRENT LIABILITIES 91,153 31,538

CREDITORS
Amounts falling due after more than one
year
7
(42,341
)
(14,643
)

PROVISIONS FOR LIABILITIES 9 (100 ) -
NET ASSETS 48,712 16,895

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 48,612 16,795
SHAREHOLDERS' FUNDS 48,712 16,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
FOULDS GUITARS LIMITED (REGISTERED NUMBER: 11734954)

BALANCE SHEET - continued
31 JANUARY 2026


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 Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:





J L Marshall - Director


The notes form part of these financial statements

Page 3
FOULDS GUITARS LIMITED (REGISTERED NUMBER: 11734954)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026


1. STATUTORY INFORMATION

Foulds Guitars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on reducing balance

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 year 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 year 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 4 continued...
FOULDS GUITARS LIMITED (REGISTERED NUMBER: 11734954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2026


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2025 5,627 - 5,627
Additions - 556 556
At 31 January 2026 5,627 556 6,183
DEPRECIATION
At 1 February 2025 5,327 - 5,327
Charge for year 193 58 251
At 31 January 2026 5,520 58 5,578
NET BOOK VALUE
At 31 January 2026 107 498 605
At 31 January 2025 300 - 300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
as restated
£    £   
Trade debtors 5,328 1,662
Other debtors 4,607 1,681
9,935 3,343

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
as restated
£    £   
Bank loans and overdrafts 11,019 3,072
Trade creditors 23,212 17,935
Taxation and social security 9,907 8,151
Other creditors 18,567 66,413
62,705 95,571

Page 5 continued...
FOULDS GUITARS LIMITED (REGISTERED NUMBER: 11734954)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2026


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2026 2025
as restated
£    £   
Bank loans 42,341 14,643

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2026 2025
as restated
£    £   
Within one year 18,745 18,745
Between one and five years 44,955 63,700
63,700 82,445

9. PROVISIONS FOR LIABILITIES
2026 2025
as restated
£    £   
Deferred tax 100 -

Deferred
tax
£   
Provided during year 100
Balance at 31 January 2026 100

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2026 2025
value: as restated
£    £   
100 Ordinary 1 100 100

Page 6