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REGISTERED NUMBER: 03294502 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

FCLS GROUP LIMITED

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FCLS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: S J Blackmore
A Smart
P Dunn





SECRETARY: S J Blackmore





REGISTERED OFFICE: 16 Churchhill Way
Cardiff
CF10 2DX





REGISTERED NUMBER: 03294502 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,683 16,098
Investments 6 - -
13,683 16,098

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 7 706,349 523,052
Cash at bank 868,454 642,461
1,576,803 1,167,513
CREDITORS
Amounts falling due within one year 8 (438,501 ) (360,992 )
NET CURRENT ASSETS 1,138,302 806,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,151,985

822,619

CREDITORS
Amounts falling due after more than one
year

9

(55,000

)

(110,000

)

PROVISIONS FOR LIABILITIES (2,552 ) (3,000 )
NET ASSETS 1,094,433 709,619

CAPITAL AND RESERVES
Called up share capital 47 47
Capital redemption reserve 55 55
Retained earnings 1,094,331 709,517
SHAREHOLDERS' FUNDS 1,094,433 709,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

BALANCE SHEET - continued
30 APRIL 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 Board of Directors and authorised for issue on 24 July 2023 and were signed on its behalf by:





S J Blackmore - Director


FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

FCLS Group 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 29,320
AMORTISATION
At 1 May 2022
and 30 April 2023 29,320
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 23,878 29,872 53,750
DEPRECIATION
At 1 May 2022 14,293 23,359 37,652
Charge for year 1,438 977 2,415
At 30 April 2023 15,731 24,336 40,067
NET BOOK VALUE
At 30 April 2023 8,147 5,536 13,683
At 30 April 2022 9,585 6,513 16,098

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 4
PROVISIONS
At 1 May 2022
and 30 April 2023 4
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 418,548 332,340
Other debtors 287,801 190,712
706,349 523,052

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 89,494 108,981
Taxation and social security 286,931 191,053
Other creditors 62,076 60,958
438,501 360,992

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 55,000 110,000

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
S J Blackmore
Balance outstanding at start of year 48,727 8,713
Amounts advanced 113,769 140,360
Amounts repaid (162,500 ) (100,346 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4 ) 48,727

A Smart
Balance outstanding at start of year - -
Amounts advanced 75,375 -
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,375 -

P Dunn
Balance outstanding at start of year - -
Amounts advanced 90,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,000 -