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REGISTERED NUMBER: 13535480 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

FASE Group Ltd

FASE Group Ltd (Registered number: 13535480)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FASE Group Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S Moffatt





REGISTERED OFFICE: 2nd Floor, Pier House
Wigan
WN3 4AL





REGISTERED NUMBER: 13535480 (England and Wales)





ACCOUNTANTS: M J Miller & Co. Ltd
Chartered Certified Accountants
56 Gidlow Lane
Gidlow
Wigan
Lancashire
WN6 7DP

FASE Group Ltd (Registered number: 13535480)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 5,157 6,711

CURRENT ASSETS
Debtors 5 1,349,261 796,280
Cash at bank 1,313 69,256
1,350,574 865,536
CREDITORS
Amounts falling due within one year 6 1,028,635 712,952
NET CURRENT ASSETS 321,939 152,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,096

159,295

PROVISIONS FOR LIABILITIES 980 1,275
NET ASSETS 326,116 158,020

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 326,016 157,920
326,116 158,020

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FASE Group Ltd (Registered number: 13535480)

Balance Sheet - continued
31 July 2023


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 28 September 2023 and were signed by:





S Moffatt - Director


FASE Group Ltd (Registered number: 13535480)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

FASE Group 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.

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.

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.

FASE Group Ltd (Registered number: 13535480)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 August 2022 8,948
Additions 166
At 31 July 2023 9,114
DEPRECIATION
At 1 August 2022 2,237
Charge for year 1,720
At 31 July 2023 3,957
NET BOOK VALUE
At 31 July 2023 5,157
At 31 July 2022 6,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Trade debtors 1,190,332 756,612
Other debtors 158,929 39,668
1,349,261 796,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Trade creditors 453,006 240,219
Taxation and social security 284,431 177,095
Other creditors 291,198 295,638
1,028,635 712,952

FASE Group Ltd (Registered number: 13535480)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2023 and the period ended 31 July 2022:

31.7.23 31.7.22
£ £
S Moffatt
Balance outstanding at start of year 38,473 -
Amounts advanced 158,580 38,473
Amounts repaid (38,473 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 158,580 38,473