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REGISTERED NUMBER: 06917915 (England and Wales)


Friend4friend Limited

Unaudited Financial Statements

for the Year Ended 31st May 2023






Friend4friend Limited (Registered number: 06917915)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Friend4friend Limited

Company Information
for the Year Ended 31st May 2023







DIRECTORS: Mr J W Hollis
Mr T C O'Gorman





SECRETARY: Mr T C O'Gorman





REGISTERED OFFICE: 24 Pleydell Road
Old Town
Swindon
Wiltshire
SN1 4DH





REGISTERED NUMBER: 06917915 (England and Wales)





ACCOUNTANTS: Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Friend4friend Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Friend4friend Limited for the year ended 31st May 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Friend4friend Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Friend4friend Limited and state those matters that we have agreed to state to the Board of Directors of Friend4friend Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Friend4friend 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 Friend4friend Limited. You consider that Friend4friend 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 Friend4friend 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.






Naail & Co
Chartered Certified Accountants
69 Lambeth Walk
London
SE11 6DX


Date: .............................................

Friend4friend Limited (Registered number: 06917915)

Abridged Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 5 233,520 289,373

CURRENT ASSETS
Debtors 253,586 17,137
Cash at bank and in hand 467,244 538,763
720,830 555,900
CREDITORS
Amounts falling due within one year 158,897 143,335
NET CURRENT ASSETS 561,933 412,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,453

701,938

CREDITORS
Amounts falling due after more than one
year

21,237

30,744
NET ASSETS 774,216 671,194

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings 774,196 671,174
SHAREHOLDERS' FUNDS 774,216 671,194

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

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

Friend4friend Limited (Registered number: 06917915)

Abridged Balance Sheet - continued
31st May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22nd February 2024 and were signed on its behalf by:





Mr T C O'Gorman - Director


Friend4friend Limited (Registered number: 06917915)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Friend4friend 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The turnover is generated from the ordinary activities of the business and is recognized when the right to consideration becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 balance sheet date.


Friend4friend Limited (Registered number: 06917915)

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

3. ACCOUNTING POLICIES - continued
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.

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.

Going concern
In the directors' assessment of the company's ability to continue as a going concern, there are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2022 - 43 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1st June 2022 612,716
Additions 21,985
At 31st May 2023 634,701
DEPRECIATION
At 1st June 2022 323,343
Charge for year 77,838
At 31st May 2023 401,181
NET BOOK VALUE
At 31st May 2023 233,520
At 31st May 2022 289,373

Friend4friend Limited (Registered number: 06917915)

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

6. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,748 9,748

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,748 9,748

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,489 20,996

7. DEFERRED TAX
£   
Balance at 1st June 2022 (9,007 )
Credit to Income Statement during year (9,149 )
Balance at 31st May 2023 (18,156 )

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20 Ordinary £1 20 20

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £135,000 (2022 - £72,000) were paid to the directors .

Friend4friend Limited (Registered number: 06917915)

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

9. RELATED PARTY DISCLOSURES - continued

Mr T C O'Gorman
Director & 25% shareholder

At the reporting date, Mr O'Gorman owed £112,616 to the company (2022: the company owed £532 to Mr O'Gorman). The company charges interest to Mr O'Gorman on the loan. Mr O'Gorman intends to repay this loan on or before 28 February 2024.

Mr J W Hollis
Director & 25% shareholder

At the reporting date, Mr Hollis owed £112,616 to the company (2022: the company owed £333 to Mr Hollis). The company charges interest to Mr Hollis on the loan. Mr Hollis intends to repay this loan on or before 28 February 2024.

Rent to directors

The company operates from nursing homes which are jointly owned by Mr & Mrs O'Gorman along with Mr & Mrs Hollis. The amount of rent paid to the directors during the year was £75,638 (2022: £93,114).

10. ULTIMATE CONTROLLING PARTY

There is no controlling party.