Company Registration No. 07607210 (England and Wales)
Friends K Limited
Unaudited accounts
for the year ended 31 July 2023
Friends K Limited
Unaudited accounts
Contents
Friends K Limited
Company Information
for the year ended 31 July 2023
Director
Alabadis Amarjeet Kaur
Company Number
07607210 (England and Wales)
Registered Office
310D
Sterling House
Langston Road
Loughton
Essex
IG10 3TS
England
Accountants
Capital Talks LLP
Accountants & Tax consultants
310D - EW Sterling House
Langston Road
Loughton
IG10 3TS
Friends K Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
23,756
21,325
Creditors: amounts falling due within one year
(39,142)
(48,387)
Net current assets
34,114
46,938
Total assets less current liabilities
34,114
56,820
Creditors: amounts falling due after more than one year
(60,000)
(70,000)
Net liabilities
(25,886)
(13,180)
Called up share capital
100
100
Profit and loss account
(25,986)
(13,280)
Shareholders' funds
(25,886)
(13,180)
For the year ending 31 July 2023 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 21 April 2024 and were signed on its behalf by
Alabadis Amarjeet Kaur
Director
Company Registration No. 07607210
Friends K Limited
Notes to the Accounts
for the year ended 31 July 2023
Friends K Limited is a private company, limited by shares, registered in England and Wales, registration number 07607210. The registered office is 310D, Sterling House, Langston Road, Loughton, Essex, IG10 3TS, 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
10% on cost.
Fixtures & fittings
10% on cost.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
54,285
45,366
99,651
Disposals
(8,500)
-
(8,500)
At 31 July 2023
45,785
45,366
91,151
At 1 August 2022
44,403
45,366
89,769
Charge for the year
1,235
-
1,235
At 31 July 2023
45,785
45,366
91,151
At 31 July 2022
9,882
-
9,882
Friends K Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,377
21,805
Trade creditors
2,375
(1,706)
Taxes and social security
300
-
Loans from directors
6,012
14,773
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
60,000
70,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
At 31 July 2023 the company owed £66,012.11 to director as a result of loans made to the company. The loans are unsecured and interest free.
The director controls the company as a result of controlling directly 100% of the issued shares capital.
10
Average number of employees
During the year the average number of employees was 4 (2022: 1).
