Company Registration No. 07125442 (England and Wales)
Fully Fashioned Limited
Unaudited accounts
for the year ended 31 October 2019
Fully Fashioned Limited
Unaudited accounts
Contents
Fully Fashioned Limited
Company Information
for the year ended 31 October 2019
Director
Daniel Joseph Whitsett
Company Number
07125442 (England and Wales)
Registered Office
3 OAK HOUSE PHOENIX ROAD
MOORGREEN INDUSTRIAL PARK, ENGINE LANE N
NOTTINGHAM
NOTTS
NG16 3QU
Accountants
M.A.D. Accountants Ltd
Welbeck House
69 Loughborough Road
West Bridgford
Nottinghamshire
NG2 7LA
Fully Fashioned Limited
Statement of financial position
as at
31 October 2019
Intangible assets
124,024
140,936
Tangible assets
7,610
8,089
Cash at bank and in hand
4,236
5,453
Creditors: amounts falling due within one year
(6,454)
(1,497)
Net current assets
11,251
15,441
Total assets less current liabilities
142,885
164,466
Creditors: amounts falling due after more than one year
(779,999)
(687,199)
Net liabilities
(637,114)
(522,733)
Called up share capital
2
2
Profit and loss account
(637,116)
(522,735)
Shareholders' funds
(637,114)
(522,733)
For the year ending 31 October 2019 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 June 2020 and were signed on its behalf by
Daniel Joseph Whitsett
Director
Company Registration No. 07125442
Fully Fashioned Limited
Notes to the Accounts
for the year ended 31 October 2019
Fully Fashioned Limited is a private company, limited by shares, registered in England and Wales, registration number 07125442. The registered office is 3 OAK HOUSE PHOENIX ROAD, MOORGREEN INDUSTRIAL PARK, ENGINE LANE N, NOTTINGHAM, NOTTS, NG16 3QU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 November 2018
344,860
At 31 October 2019
344,860
At 1 November 2018
203,924
Charge for the year
16,912
At 31 October 2019
220,836
At 31 October 2019
124,024
At 31 October 2018
140,936
Fully Fashioned Limited
Notes to the Accounts
for the year ended 31 October 2019
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 November 2018
4,895
11,200
16,095
At 31 October 2019
4,895
11,200
16,095
At 1 November 2018
-
8,006
8,006
Charge for the year
-
479
479
At 31 October 2019
-
8,485
8,485
At 31 October 2019
4,895
2,715
7,610
At 31 October 2018
4,895
3,194
8,089
Finished goods
11,215
5,323
Trade debtors
1,211
5,021
Accrued income and prepayments
1,043
987
8
Creditors: amounts falling due within one year
2019
2018
Trade creditors
2,967
619
Taxes and social security
2,855
661
9
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
779,999
687,199
10
Share capital
2019
2018
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Fully Fashioned Limited
Notes to the Accounts
for the year ended 31 October 2019
11
Transactions with related parties
During the year the directors loaned money to the company. At the year end, Daniel Whitsett was owed £336,825 (2018 £336,825) and John Pryce was owed £313,570 (2017 £220,770).
The amounts are repayable on demand and no interest has been charged.
12
Average number of employees
During the year the average number of employees was 10 (2018: 10).