Company Registration No. 10817925 (England and Wales)
FAH MAI HOLDINGS LIMITED
Unaudited accounts
for the year ended 31 December 2022
FAH MAI HOLDINGS LIMITED
Unaudited accounts
Contents
FAH MAI HOLDINGS LIMITED
Company Information
for the year ended 31 December 2022
Company Number
10817925 (England and Wales)
Registered Office
4 DAVIS WAY
FAREHAM
HAMPSHIRE
PO14 1JF
UNITED KINGDOM
Accountants
Hampshire Accountancy Services
College Court
15 Bowen Lane
Petersfield
Hampshire
GU31 4DR
FAH MAI HOLDINGS LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
8,399
11,352
Inventories
2,841,171
2,148,087
Debtors
2,506,337
2,067,665
Cash at bank and in hand
417,405
100,055
Creditors: amounts falling due within one year
(3,671,106)
(2,661,025)
Net current assets
2,101,807
2,251,793
Total assets less current liabilities
2,110,206
2,263,145
Creditors: amounts falling due after more than one year
(3,966,804)
(3,697,668)
Net liabilities
(1,856,598)
(1,434,523)
Called up share capital
1,000
1,000
Profit and loss account
(1,857,598)
(1,435,523)
Shareholders' funds
(1,856,598)
(1,434,523)
For the year ending 31 December 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.
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 26 July 2023 and were signed on its behalf by
L Haseman
Director
Company Registration No. 10817925
FAH MAI HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 December 2022
FAH MAI HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10817925. The registered office is 4 DAVIS WAY, FAREHAM, HAMPSHIRE, PO14 1JF, UNITED KINGDOM.
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:
Fixtures & fittings
20% Straight Line method
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2022
12,714
At 31 December 2021
11,352
FAH MAI HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
2,162,346
1,765,033
Other debtors
39,851
10,026
Amounts falling due after more than one year
Amounts due from group undertakings etc.
252,832
250,044
6
Investments held as current assets
2022
2021
Listed investments
8,000
597,011
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
514,938
1,058,640
Other creditors
3,188,611
1,576,890
Loans from directors
(50,875)
-
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Creditors: amounts falling due after more than one year
2022
2021
Amounts owed to group undertakings and other participating interests
3,087,684
3,047,782
Other creditors
519,171
517,170
Loans from directors
-
44,211
9
Average number of employees
During the year the average number of employees was 5 (2021: 5).