Company Registration No. 08517238 (England and Wales)
FIEM Accountancy & Management Services Limited
Unaudited accounts
for the year ended 31 May 2023
FIEM Accountancy & Management Services Limited
Statement of financial position
as at 31 May 2023
Tangible assets
3,657
4,571
Cash at bank and in hand
2,415
1,898
Creditors: amounts falling due within one year
(7,636)
(4,485)
Net current liabilities
(4,686)
(2,487)
Total assets less current liabilities
(1,029)
2,084
Creditors: amounts falling due after more than one year
(8,333)
(12,333)
Net liabilities
(9,362)
(10,249)
Called up share capital
100
100
Profit and loss account
(9,462)
(10,349)
Shareholders' funds
(9,362)
(10,249)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2024 and were signed on its behalf by
Farid Ahmed Vohra
Director
Company Registration No. 08517238
FIEM Accountancy & Management Services Limited
Notes to the Accounts
for the year ended 31 May 2023
FIEM Accountancy & Management Services Limited is a private company, limited by shares, registered in England and Wales, registration number 08517238. The registered office is 43D KNOX ROAD, LONDON, E7 9JS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents the value of work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
7,063
9,765
16,828
At 31 May 2023
7,063
9,765
16,828
At 1 June 2022
4,859
7,398
12,257
Charge for the year
441
473
914
At 31 May 2023
5,300
7,871
13,171
At 31 May 2023
1,763
1,894
3,657
At 31 May 2022
2,204
2,367
4,571
FIEM Accountancy & Management Services Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,000
4,000
Loans from directors
2,204
-
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Farid Ahmed Vohra is the ultimate controlling party by virture of 100% shareholdings in the company.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).