Company Registration No. 09165727 (England and Wales)
Fozard Properties Limited
Unaudited accounts
for the year ended 31 October 2022
Fozard Properties Limited
Unaudited accounts
Contents
Fozard Properties Limited
Company Information
for the year ended 31 October 2022
Directors
Vicki-Lee Fozard
Glenn Fozard
Company Number
09165727 (England and Wales)
Registered Office
118 Ford Road
Wirral
CH49 0TQ
ENGLAND
Accountants
Oakes Accounting Ltd
37
Meadowcroft
Heswall
Wirral
CH60 1UT
Fozard Properties Limited
Accountants' report
Accountants' report to the board of directors of Fozard Properties Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 October 2022.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 October 2022. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Oakes Accounting Ltd
37
Meadowcroft
Heswall
Wirral
CH60 1UT
31 July 2023
Fozard Properties Limited
Statement of financial position
as at 31 October 2022
Tangible assets
1,456
2,897
Cash at bank and in hand
54,253
12,528
Creditors: amounts falling due within one year
(74,484)
(43,972)
Net current assets
39,023
40,146
Total assets less current liabilities
40,479
43,043
Creditors: amounts falling due after more than one year
(16,526)
(17,053)
Called up share capital
100
100
Profit and loss account
23,853
25,890
Shareholders' funds
23,953
25,990
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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2023 and were signed on its behalf by
Vicki-Lee Fozard
Director
Company Registration No. 09165727
Fozard Properties Limited
Notes to the Accounts
for the year ended 31 October 2022
Fozard Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09165727. The registered office is 118 Ford Road, Wirral, CH49 0TQ, ENGLAND.
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
25% reducing balance
Fixtures & fittings
33% straight line
Intangible fixed assets (goodwill) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Fozard Properties Limited
Notes to the Accounts
for the year ended 31 October 2022
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2021
324
6,223
6,547
At 31 October 2022
324
6,223
6,547
At 1 November 2021
281
3,369
3,650
Charge for the year
14
1,427
1,441
At 31 October 2022
295
4,796
5,091
At 31 October 2022
29
1,427
1,456
At 31 October 2021
43
2,854
2,897
Amounts falling due within one year
Other debtors
54,514
60,564
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,414
4,414
Taxes and social security
2,089
13,480
Loans from directors
25,118
24,518
8
Creditors: amounts falling due after more than one year
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Fozard Properties Limited
Notes to the Accounts
for the year ended 31 October 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The loan is unsecured, interest free and repayable on demand
57,600
-
6,050
51,550
11
Average number of employees
During the year the average number of employees was 2 (2021: 2).