FS4U Ltd 12166774 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Hire purchase and leasing intermediary Digita Accounts Production Advanced 6.30.9574.0 true 12166774 2022-09-01 2023-08-31 12166774 2023-08-31 12166774 core:CurrentFinancialInstruments 2023-08-31 12166774 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12166774 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 12166774 core:OfficeEquipment 2023-08-31 12166774 bus:SmallEntities 2022-09-01 2023-08-31 12166774 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 12166774 bus:FullAccounts 2022-09-01 2023-08-31 12166774 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12166774 bus:RegisteredOffice 2022-09-01 2023-08-31 12166774 bus:Director1 2022-09-01 2023-08-31 12166774 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12166774 core:OfficeEquipment 2022-09-01 2023-08-31 12166774 countries:EnglandWales 2022-09-01 2023-08-31 12166774 2022-08-31 12166774 core:OfficeEquipment 2022-08-31 12166774 2021-09-01 2022-08-31 12166774 2022-08-31 12166774 core:CurrentFinancialInstruments 2022-08-31 12166774 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 12166774 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 12166774 core:OfficeEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 12166774

FS4U Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

FS4U Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

FS4U Ltd

Company Information

Director

Mrs Samantha Bilo

Registered office

39 Hopps Road
Kingswood
Bristol
BS15 9QQ

Accountants

Stone & Co Chartered Accountants
2 Charnwood House
Marsh Road
Ashton
Bristol
BS3 2NA

 

FS4U Ltd

(Registration number: 12166774)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

         

Fixed assets

   

Tangible assets

4

 

2,516

4,257

Current assets

   

Debtors

5

38,975

 

17,448

Cash at bank and in hand

 

65,282

 

55,662

 

104,257

 

73,110

Creditors: Amounts falling due within one year

6

(49,920)

 

(27,725)

Net current assets

   

54,337

45,385

Total assets less current liabilities

   

56,853

49,642

Creditors: Amounts falling due after more than one year

6

 

(15,247)

(29,647)

Provisions for liabilities

 

(573)

(525)

Net assets

   

41,033

19,470

Capital and reserves

   

Called up share capital

100

 

100

Profit and loss account

40,933

 

19,370

Total equity

   

41,033

19,470

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 October 2023
 

 

FS4U Ltd

(Registration number: 12166774)
Balance Sheet as at 31 August 2023

.........................................

Mrs Samantha Bilo
Director

 

FS4U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
39 Hopps Road
Kingswood
Bristol
BS15 9QQ

These financial statements were authorised for issue by the director on 24 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

FS4U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

FS4U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 4).

 

FS4U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2022

6,963

6,963

At 31 August 2023

6,963

6,963

Depreciation

At 1 September 2022

2,706

2,706

Charge for the year

1,741

1,741

At 31 August 2023

4,447

4,447

Carrying amount

At 31 August 2023

2,516

2,516

At 31 August 2022

4,257

4,257

5

Debtors

Current

2023
£

2022
£

Trade debtors

38,739

17,448

Other debtors

236

-

 

38,975

17,448

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7,200

-

Taxation and social security

 

27,307

27,404

Other creditors

 

15,413

321

 

49,920

27,725

Creditors: amounts falling due after more than one year

 

FS4U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

15,247

29,647

7

Related party transactions

The company was under the control of Ms S Bilo throughout the current year. Ms S Bilo is the sole Director and shareholder.

As at the end of the year the company owed £15,414 (2022: £321) to Ms S Bilo in the form of a directors loan account. There are no fixed payment terms and no interest incurred on the outstanding amount.

No transactions with related parties were undertaken such as are required to be disclosed under FRS102.