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REGISTERED NUMBER: 13866971 (England and Wales)















Unaudited Financial Statements

for the Period

24 January 2022 to 31 January 2023

for

The Faithful Corporation Ltd

The Faithful Corporation Ltd (Registered number: 13866971)






Contents of the Financial Statements
for the Period 24 January 2022 to 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Faithful Corporation Ltd

Company Information
for the Period 24 January 2022 to 31 January 2023







DIRECTOR: A M Weldon





REGISTERED OFFICE: The Storehouse
Albion Street
Brierley Hill
West Midlands
DY5 3EE





BUSINESS ADDRESS: 149 Mount Pleasant
Kingswinford
West Midlands
DY6 9SS





REGISTERED NUMBER: 13866971 (England and Wales)





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

The Faithful Corporation Ltd (Registered number: 13866971)

Balance Sheet
31 January 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 2,817

CURRENT ASSETS
Cash at bank 1,267

CREDITORS
Amounts falling due within one year 5 1,609
NET CURRENT LIABILITIES (342 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,475

CAPITAL AND RESERVES
Called up share capital 6 100
Retained earnings 7 2,375
SHAREHOLDERS' FUNDS 2,475

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





A M Weldon - Director


The Faithful Corporation Ltd (Registered number: 13866971)

Notes to the Financial Statements
for the Period 24 January 2022 to 31 January 2023

1. STATUTORY INFORMATION

The Faithful Corporation 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 and fittings - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

The Faithful Corporation Ltd (Registered number: 13866971)

Notes to the Financial Statements - continued
for the Period 24 January 2022 to 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 2,838 919 3,757
At 31 January 2023 2,838 919 3,757
DEPRECIATION
Charge for period - 940 940
At 31 January 2023 - 940 940
NET BOOK VALUE
At 31 January 2023 2,838 (21 ) 2,817

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 483
Directors' current accounts 335
Accrued expenses 791
1,609

6. CALLED UP SHARE CAPITAL

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

7. RESERVES
Retained
earnings
£   

Profit for the period 4,875
Dividends (2,500 )
At 31 January 2023 2,375

8. RELATED PARTY DISCLOSURES

The company paid dividends of £2,500 in the year under review to its director Mr A Weldon.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A M Weldon.