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REGISTERED NUMBER: 08773331 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Fairserve Ltd

Fairserve Ltd (Registered number: 08773331)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fairserve Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr A Anban Nathaniel





REGISTERED OFFICE: 87 Northcroft Road
West Ealing
London
W13 9SS





REGISTERED NUMBER: 08773331 (England and Wales)





ACCOUNTANTS: Black Barn Accountants Ltd
The Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ

Fairserve Ltd (Registered number: 08773331)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,761 1,197

CURRENT ASSETS
Debtors 5 16,635 68,766
Cash at bank 115,312 105,936
131,947 174,702
CREDITORS
Amounts falling due within one year 6 5,587 28,695
NET CURRENT ASSETS 126,360 146,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,121

147,204

PROVISIONS FOR LIABILITIES 7 525 227
NET ASSETS 128,596 146,977

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 128,496 146,877
SHAREHOLDERS' FUNDS 128,596 146,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2023 and were signed by:



Mr A Anban Nathaniel - Director


Fairserve Ltd (Registered number: 08773331)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Fairserve Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Fairserve Ltd (Registered number: 08773331)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures Computer
& fittings equipment Totals
£    £    £   
COST
At 1 January 2022 1,057 3,234 4,291
Additions - 2,653 2,653
At 31 December 2022 1,057 5,887 6,944
DEPRECIATION
At 1 January 2022 599 2,495 3,094
Charge for year 115 974 1,089
At 31 December 2022 714 3,469 4,183
NET BOOK VALUE
At 31 December 2022 343 2,418 2,761
At 31 December 2021 458 739 1,197

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors - 27,957
Other debtors 16,635 40,809
16,635 68,766

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Taxation & social security 4,874 27,982
Other creditors 713 713
5,587 28,695

7. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 525 227

Deferred
tax
£   
Balance at 1 January 2022 227
Movement in year 298
Balance at 31 December 2022 525

Fairserve Ltd (Registered number: 08773331)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2022 146,877
Profit for the year 21,422
Dividends (39,803 )
At 31 December 2022 128,496