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REGISTERED NUMBER: 05598909 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Fineworks (South West) Limited

Fineworks (South West) Limited (Registered number: 05598909)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Fineworks (South West) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P Hopkinson





SECRETARY: Ms C R Dallow





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 05598909 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Fineworks (South West) Limited (Registered number: 05598909)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,367 13,824

CURRENT ASSETS
Debtors 5 10,753 9,100
Cash at bank 33,914 32,268
44,667 41,368
CREDITORS
Amounts falling due within one year 6 14,585 14,961
NET CURRENT ASSETS 30,082 26,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,449

40,231

PROVISIONS FOR LIABILITIES 1,970 2,627
NET ASSETS 38,479 37,604

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 38,379 37,504
SHAREHOLDERS' FUNDS 38,479 37,604

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

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

Fineworks (South West) Limited (Registered number: 05598909)

Statement of Financial Position - continued
31 October 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 20 February 2024 and were signed by:





P Hopkinson - Director


Fineworks (South West) Limited (Registered number: 05598909)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Fineworks (South West) 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.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fineworks (South West) Limited (Registered number: 05598909)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 15,437 22,000 1,288 38,725
DEPRECIATION
At 1 November 2022 14,005 9,625 1,271 24,901
Charge for year 358 3,094 5 3,457
At 31 October 2023 14,363 12,719 1,276 28,358
NET BOOK VALUE
At 31 October 2023 1,074 9,281 12 10,367
At 31 October 2022 1,432 12,375 17 13,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 10,753 9,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Tax 8,837 8,840
VAT 4,978 5,000
Pension 450 450
Directors' current accounts 320 671
14,585 14,961

Fineworks (South West) Limited (Registered number: 05598909)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

P Hopkinson
Director

During the year the company entered into the following transactions with the director:

2023 2022

Dividends paid 34,000 27,000

Use of residence as office 208 208

Capital introduced - -

Capital withdrawn 351 13,276

At the year end the amount due to the director was £320 (2022 - £671).

9. ULTIMATE CONTROLLING PARTY

The controlling party is P Hopkinson.