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REGISTERED NUMBER: 03615003 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

FIORENTINI BAKER ASSOCIATES LIMITED

FIORENTINI BAKER ASSOCIATES LIMITED (REGISTERED NUMBER: 03615003)

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


FIORENTINI BAKER ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: D Baker





SECRETARY: Prism Group Limited





REGISTERED OFFICE: 3rd Floor
21 Perrymount Road
Haywards Heath
West Sussex
RH16 3TP





REGISTERED NUMBER: 03615003 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

FIORENTINI BAKER ASSOCIATES LIMITED (REGISTERED NUMBER: 03615003)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 169,100 169,100
169,100 169,100

CURRENT ASSETS
Debtors 6 2,641,006 3,341,686
Cash at bank 94,705 673,851
2,735,711 4,015,537
CREDITORS
Amounts falling due within one year 7 806,926 564,383
NET CURRENT ASSETS 1,928,785 3,451,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,097,885

3,620,254

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 2,096,985 3,619,354
2,097,885 3,620,254

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 her 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 2 November 2023 and were signed by:





D Baker - Director


FIORENTINI BAKER ASSOCIATES LIMITED (REGISTERED NUMBER: 03615003)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Fiorentini Baker Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Fiorentini Baker Associates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery etc - 25% on cost and 12.5% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 ) .

FIORENTINI BAKER ASSOCIATES LIMITED (REGISTERED NUMBER: 03615003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 21,198 849 22,047
DEPRECIATION
At 1 January 2022
and 31 December 2022 21,198 849 22,047
NET BOOK VALUE
At 31 December 2022 - - -
At 31 December 2021 - - -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 169,100
NET BOOK VALUE
At 31 December 2022 169,100
At 31 December 2021 169,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 544,526 479,073
Amounts owed by group undertakings 1,262,843 2,248,121
Other debtors 833,637 614,492
2,641,006 3,341,686

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 26,100 22,211
Amounts owed to group undertakings 683,063 515,162
Taxation and social security 153 8,122
Other creditors 97,610 18,888
806,926 564,383

FIORENTINI BAKER ASSOCIATES LIMITED (REGISTERED NUMBER: 03615003)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 13,000 26,000
Between one and five years - 13,000
13,000 39,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2021 the Director, D Baker, owed the company £464,632. A further £399,088 was advanced during the year and £200,312 was repaid. Interest was charged at a rate of 2.25% per annum which amounted to £7,463. As at 31 December 2022 the amount owed to the company was £670,871, which is repayable on demand.