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REGISTERED NUMBER: 12283273 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FRIENDLY GIANTS LIMITED

FRIENDLY GIANTS LIMITED (REGISTERED NUMBER: 12283273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FRIENDLY GIANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr S G D'Amato





REGISTERED OFFICE: Ingram House
6 Meridian Way
Norwich
NR7 0TA





REGISTERED NUMBER: 12283273 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

FRIENDLY GIANTS LIMITED (REGISTERED NUMBER: 12283273)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,964 10,112

CURRENT ASSETS
Debtors 5 11,434 118,354
Cash at bank 41,836 177,804
53,270 296,158
CREDITORS
Amounts falling due within one year 6 30,745 160,368
NET CURRENT ASSETS 22,525 135,790
TOTAL ASSETS LESS CURRENT LIABILITIES 27,489 145,902

CAPITAL AND RESERVES
Called up share capital 7 78 150
Capital redemption reserve 8 75 -
Retained earnings 8 27,336 145,752
SHAREHOLDERS' FUNDS 27,489 145,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2023 and were signed by:





Mr S G D'Amato - Director


FRIENDLY GIANTS LIMITED (REGISTERED NUMBER: 12283273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Friendly Giants Limited 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.

The financial statements are presented in Sterling, which is the functional currency of the company and rounded to the nearest £.

Turnover
Turnover represents the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes value added tax. Unbilled turnover on individual contracts is included as accrued income within other debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 4 (2022 - 6 ) .

FRIENDLY GIANTS LIMITED (REGISTERED NUMBER: 12283273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 13,491
Additions 86
Disposals (5,088 )
At 31 March 2023 8,489
DEPRECIATION
At 1 April 2022 3,379
Charge for year 1,645
Eliminated on disposal (1,499 )
At 31 March 2023 3,525
NET BOOK VALUE
At 31 March 2023 4,964
At 31 March 2022 10,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,428 117,004
Other debtors 1,006 1,350
11,434 118,354

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,564 27,045
Taxation and social security 10,840 68,659
Other creditors 16,341 64,664
30,745 160,368

FRIENDLY GIANTS LIMITED (REGISTERED NUMBER: 12283273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal 2023 2022
value: £ £
NIL Ordinary A shares £1 - 50
NIL Ordinary B shares £1 - 50
NIL Ordinary C shares £1 - 50
75 Ordinary £1 75 -
1 TV S £1 1 -
1 TV G £1 1 -
1 TV M £1 1 -
78 150

On 19 December 2022 the company bought back 50 A shares and 25 B shares. The shares were cancelled on acquisition.

During the year the A, B and C shares were reclassified as Ordinary shares.

The following shares were issued during the year for cash at par:

1 TV S share of £1
1 TV G share of £1
1 TV M share of £1

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 145,752 - 145,752
Profit for the year 29,684 29,684
Dividends (98,903 ) (98,903 )
Purchase of own shares (49,197 ) 75 (49,122 )
At 31 March 2023 27,336 75 27,411