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REGISTERED NUMBER: 07522779 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FEMKEF SERVICES LTD

FEMKEF SERVICES LTD (REGISTERED NUMBER: 07522779)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FEMKEF SERVICES LTD

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2023







DIRECTOR: E O Idowu



REGISTERED OFFICE: 1 Ballards Close
Dagenham
Essex
RM10 9AP



REGISTERED NUMBER: 07522779 (England and Wales)



ACCOUNTANTS: E O Idowu
1 Ballards Lane
Dagenham
Essex
RM10 9AP



BANKERS: Barclays Bank Plc
278 Hoe Street
Walthamstow
London
E17 9QE

FEMKEF SERVICES LTD (REGISTERED NUMBER: 07522779)

BALANCE SHEET
28 FEBRUARY 2023

28/2/23 28/2/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,690 -

CURRENT ASSETS
Cash at bank 26,835 30,000

CREDITORS
Amounts falling due within one year 5 (8,229 ) (6,780 )
NET CURRENT ASSETS 18,606 23,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,296

23,220

CREDITORS
Amounts falling due after more than one
year

6

(14,495

)

(20,327

)
NET ASSETS 6,801 2,893

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 6,701 2,793
SHAREHOLDERS' FUNDS 6,801 2,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

FEMKEF SERVICES LTD (REGISTERED NUMBER: 07522779)

BALANCE SHEET - continued
28 FEBRUARY 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 director and authorised for issue on 27 November 2023 and were signed by:





E O Idowu - Director


FEMKEF SERVICES LTD (REGISTERED NUMBER: 07522779)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Femkef Services 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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 20% on cost
Office equipment - 33% on 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 (2022 - 1 ) .

FEMKEF SERVICES LTD (REGISTERED NUMBER: 07522779)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 - 150 936 1,086
Additions 1,800 - 2,500 4,300
At 28 February 2023 1,800 150 3,436 5,386
DEPRECIATION
At 1 March 2022 - 150 936 1,086
Charge for year 360 - 1,250 1,610
At 28 February 2023 360 150 2,186 2,696
NET BOOK VALUE
At 28 February 2023 1,440 - 1,250 2,690
At 28 February 2022 - - - -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Bank loans and overdrafts (see note 7) - 5,381
Tax 317 599
Director's Loan 872 -
Bank Loan 6,240 -
Accrued expenses 800 800
8,229 6,780

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/23 28/2/22
£    £   
Bank loans (see note 7) 14,495 20,327

7. LOANS

An analysis of the maturity of loans is given below:

28/2/23 28/2/22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 5,381

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,495 20,327

FEMKEF SERVICES LTD (REGISTERED NUMBER: 07522779)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023


7. LOANS - continued

On 1 June 2020 the company secured a bank loan under the Governments Bounce Back Scheme. The Bounce Back Loan is secured by the Government. Repayments, by way of monthly instalments commenced in June 2021.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/23 28/2/22
value: £    £   
100 Ordinary Shares £1.00 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2022 2,793
Profit for the year 3,908
At 28 February 2023 6,701