Company Registration No. 08413899 (England and Wales)
SAWAKO FURUNO LTD
Unaudited accounts
for the period from 1 March 2022 to 27 February 2023
SAWAKO FURUNO LTD
Unaudited accounts
Contents
SAWAKO FURUNO LTD
Company Information
for the period from 1 March 2022 to 27 February 2023
Company Number
08413899 (England and Wales)
Registered Office
17 CROFTDOWN ROAD
LONDON
NW5 1EL
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
SAWAKO FURUNO LTD
Statement of financial position
as at 27 February 2023
Cash at bank and in hand
9,516
74,354
Creditors: amounts falling due within one year
(49,013)
(113,624)
Net current liabilities
(22,730)
(13,854)
Net liabilities
(22,730)
(13,854)
Called up share capital
1
1
Profit and loss account
(22,731)
(13,855)
Shareholders' funds
(22,730)
(13,854)
For the period ending 27 February 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 27 February 2024 and were signed on its behalf by
Sawako Furuno
Director
Company Registration No. 08413899
SAWAKO FURUNO LTD
Notes to the Accounts
for the period from 1 March 2022 to 27 February 2023
SAWAKO FURUNO LTD is a private company, limited by shares, registered in England and Wales, registration number 08413899. The registered office is 17 CROFTDOWN ROAD, LONDON, NW5 1EL.
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 period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The director has considered the effect of future events on the company and has determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
4
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
870
870
Loans from directors
47,724
111,779
5
Average number of employees
During the period the average number of employees was 1 (2022: 1).