Company Registration No. 07125442 (England and Wales)
Fully Fashioned Limited
Unaudited accounts
for the year ended 31 October 2022
Fully Fashioned Limited
Unaudited accounts
Contents
Fully Fashioned Limited
Company Information
for the year ended 31 October 2022
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 2022
Intangible assets
84,519
96,044
Tangible assets
12,045
6,857
Cash at bank and in hand
3,994
4,490
Creditors: amounts falling due within one year
(5,008)
(5,897)
Net current assets
24,790
18,860
Total assets less current liabilities
121,354
121,761
Creditors: amounts falling due after more than one year
(1,074,605)
(963,749)
Net liabilities
(953,251)
(841,988)
Called up share capital
2
2
Profit and loss account
(953,253)
(841,990)
Shareholders' funds
(953,251)
(841,988)
For the year ending 31 October 2022 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 4 July 2023 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 2022
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.
These financial statements for the year ended 31 October 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
Total
At 1 November 2021
344,860
At 31 October 2022
344,860
At 1 November 2021
248,816
Charge for the year
11,525
At 31 October 2022
260,341
Fully Fashioned Limited
Notes to the Accounts
for the year ended 31 October 2022
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 12 (2021: 10).