REGISTERED NUMBER: |
Financial Statements for the Year Ended 29 May 2023 |
for |
Fondel Alloys Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 29 May 2023 |
for |
Fondel Alloys Limited |
Fondel Alloys Limited (Registered number: 07478794) |
Contents of the Financial Statements |
for the Year Ended 29 May 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Fondel Alloys Limited |
Company Information |
for the Year Ended 29 May 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
61a Blagden Street |
Sheffield |
South Yorkshire |
S2 5QS |
Fondel Alloys Limited (Registered number: 07478794) |
Balance Sheet |
29 May 2023 |
29.5.23 | 29.5.22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 |
Fondel Alloys Limited (Registered number: 07478794) |
Notes to the Financial Statements |
for the Year Ended 29 May 2023 |
1. | STATUTORY INFORMATION |
Fondel Alloys Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Due to ongoing losses the company has now ceased trading and will be wound up in an orderly manner. Since the company is no longer a going concern these accounts have been prepared on the breakup basis and all assets have been valued at recoverable amounts. It is the director's intention that in due course the company will be wound up. |
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 (FRS 102)' and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
These financial statements are prepared in sterling, which is the functional currency of the company. |
These financial statements have been prepared under the historical cost convention. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.5.23 | 29.5.22 |
£ | £ |
Amounts owed by participating interests | 41,475 | 42,025 |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.5.23 | 29.5.22 |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 1,905,085 | 1,905,085 |
Other creditors |
Fondel Alloys Limited (Registered number: 07478794) |
Notes to the Financial Statements - continued |
for the Year Ended 29 May 2023 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.5.23 | 29.5.22 |
value: | £ | £ |
Ordinary | .01 | 7 | 7 |
7. | RESERVES |
Retained |
earnings |
£ |
At 30 May 2022 | ( |
) |
Deficit for the year | ( |
) |
At 29 May 2023 | ( |
) |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |