Felks Holdings Limited Filleted accounts for Companies House (small and micro)

FELKS HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03686106

Felks Holdings Limited

Filleted Unaudited Financial Statements

31 August 2021

Felks Holdings Limited

Financial Statements

Year ended 31 August 2021

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

Felks Holdings Limited

Statement of Financial Position

31 August 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	5	8,195	8,195
Cash at bank and in hand		5	25
		-------	-------
		8,200	8,220

Creditors: amounts falling due within one year	6	81,943		81,245
		--------		--------
Net current liabilities			73,743	73,025
			--------	--------
Total assets less current liabilities			( 73,743)	( 73,025)
			--------	--------
Net liabilities			( 73,743)	( 73,025)
			--------	--------

Capital and reserves

Called up share capital	200	200
Profit and loss account	( 73,943)	( 73,225)
	--------	--------
Shareholders deficit	( 73,743)	( 73,025)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 6 May 2022 , and are signed on behalf of the board by:

P G F Turner
Director

Company registration number: 03686106

Felks Holdings Limited

Notes to the Financial Statements

Year ended 31 August 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The director believes that the company is still a going concern and the accounts have been prepared as such.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year, including the director, amounted to 1 (2020: 1).

5. Debtors

	2021	2020
	£	£
Other debtors	8,195	8,195
	-------	-------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Bank loans and overdrafts	10	30
Trade creditors	8,689	8,102
Social security and other taxes	6,643	6,643
Other creditors	66,601	66,470
	--------	--------
	81,943	81,245
	--------	--------

7. Related party transactions

At the year end the company owed the director £56,079 (2020: £55,648).