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COMPANY REGISTRATION NUMBER: 08902973
Friends Capital Limited
Unaudited Financial Statements
28 February 2023
Friends Capital Limited
Financial Statements
Year Ended 28 February 2023
Contents
Page
Officers and professional advisers
1
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
2
Income statement
3
Statement of financial position and the notes to the financial statements
4
Friends Capital Limited
Officers and Professional Advisers
The board of directors
Mr P Hancock
Mr P M Collier
Registered office
Beehive Works
Milton Street
Sheffield
South Yorkshire
S3 7WL
Accountants
MCABA Limited t/a Mitchells
Chartered accountants
91-97 Saltergate
Chesterfield
Derbyshire
S40 1LA
Friends Capital Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Friends Capital Limited
Year Ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Friends Capital Limited for the year ended 28 February 2023, which comprise the income statement, statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Friends Capital Limited, as a body, in accordance with the terms of our engagement letter dated 14 September 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Friends Capital Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Friends Capital Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Friends Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Friends Capital Limited. You consider that Friends Capital Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Friends Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MCABA Limited t/a Mitchells Chartered accountants
91-97 Saltergate Chesterfield Derbyshire S40 1LA
28 March 2023
Friends Capital Limited
Income Statement
Year Ended 28 February 2023
2023
2022
£
£
Turnover
376,399
394,542
Other income
1,221
4,861
---------
---------
377,620
399,403
Staff costs
219,810
217,370
Depreciation and other amounts written off assets
-
2,737
Other charges
152,186
125,081
Tax
-
( 149)
---------
---------
Profit
5,624
54,364
---------
---------
Friends Capital Limited
Statement of Financial Position
28 February 2023
2023
2022
£
£
£
Fixed assets
778
778
----
----
Current assets
193,683
191,589
Creditors: amounts falling due within one year
34,357
23,846
---------
---------
Net Current Assets
159,326
167,743
---------
---------
Total Assets Less Current Liabilities
160,104
168,521
Creditors: amounts falling due after more than one year
150,192
160,333
Provisions for liabilities
148
148
---------
---------
9,764
8,040
---------
---------
Capital and reserves
9,764
8,040
-------
-------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 7 ).
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 28 March 2023 , and are signed on behalf of the board by:
Mr P M Collier
Director
Company registration number: 08902973
The company is a private company limited by shares, registered in England and Wales.