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REGISTERED NUMBER: 11372371 (England and Wales)















THE FINANCE FAMILY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






THE FINANCE FAMILY LIMITED (REGISTERED NUMBER: 11372371)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE FINANCE FAMILY LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTORS: Mr C D Barnbrook
Mr K J Smith





REGISTERED OFFICE: 1st Floor Offices
The House On The Green
Wombourne
Wolverhampton
Staffordshire
WV5 9DT





REGISTERED NUMBER: 11372371 (England and Wales)





ACCOUNTANTS: Wallace Crooke
College House
St Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

THE FINANCE FAMILY LIMITED (REGISTERED NUMBER: 11372371)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,552 4,513

CURRENT ASSETS
Debtors 5 117,636 114,577
Cash at bank 106,848 168,679
224,484 283,256
CREDITORS
Amounts falling due within one year 6 153,080 207,462
NET CURRENT ASSETS 71,404 75,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,956

80,307

CREDITORS
Amounts falling due after more than one
year

7

18,705

26,006
NET ASSETS 57,251 54,301

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 57,249 54,299
SHAREHOLDERS' FUNDS 57,251 54,301

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

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

THE FINANCE FAMILY LIMITED (REGISTERED NUMBER: 11372371)

BALANCE SHEET - continued
31 MAY 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 15 September 2023 and were signed on its behalf by:





Mr K J Smith - Director


THE FINANCE FAMILY LIMITED (REGISTERED NUMBER: 11372371)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

The Finance Family 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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.
Office furniture and equipment - 25% reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

THE FINANCE FAMILY LIMITED (REGISTERED NUMBER: 11372371)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Office
furniture
and
equipment
£   
COST
At 1 June 2022 9,230
Additions 1,555
At 31 May 2023 10,785
DEPRECIATION
At 1 June 2022 4,717
Charge for year 1,516
At 31 May 2023 6,233
NET BOOK VALUE
At 31 May 2023 4,552
At 31 May 2022 4,513

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 117,636 114,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,655 7,802
Trade creditors 139,919 191,057
Taxation and social security 3,639 6,749
Other creditors 1,867 1,854
153,080 207,462

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 18,705 26,006

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2