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REGISTERED NUMBER: 08659593 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

FACET5 LIMITED

FACET5 LIMITED (REGISTERED NUMBER: 08659593)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FACET5 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: N Buckley
C A M Henniker
Ms R J Williams
G A Gemmell





SECRETARY: KRB Secretaries Limited





REGISTERED OFFICE: c/o Kidd Rapinet
29 Harbour Exchange Square
London
E14 9GE





REGISTERED NUMBER: 08659593 (England and Wales)





ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

FACET5 LIMITED (REGISTERED NUMBER: 08659593)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,845 5,640

CURRENT ASSETS
Debtors 5 333,958 299,697
Cash at bank 568,185 656,776
902,143 956,473
CREDITORS
Amounts falling due within one year 6 (121,877 ) (223,773 )
NET CURRENT ASSETS 780,266 732,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,111

738,340

CREDITORS
Amounts falling due after more than one year 7 (18,346 ) (28,333 )
NET ASSETS 770,765 710,007

CAPITAL AND RESERVES
Called up share capital 200 180
Retained earnings 8 770,565 709,827
SHAREHOLDERS' FUNDS 10 770,765 710,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

FACET5 LIMITED (REGISTERED NUMBER: 08659593)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





C A M Henniker - Director


FACET5 LIMITED (REGISTERED NUMBER: 08659593)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Facet5 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery reducing rate at 25% per annum.

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.

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 8 (2022 - 8 ) .

FACET5 LIMITED (REGISTERED NUMBER: 08659593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 20,634
Additions 8,309
At 30 September 2023 28,943
DEPRECIATION
At 1 October 2022 14,994
Charge for year 5,104
At 30 September 2023 20,098
NET BOOK VALUE
At 30 September 2023 8,845
At 30 September 2022 5,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 279,428 253,179
Other debtors 54,530 46,518
333,958 299,697

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,888 10,000
Net wages 1 23
Trade creditors 73,133 101,011
Taxation and social security 32,316 41,272
Other creditors 5,539 71,467
121,877 223,773

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,346 28,333

FACET5 LIMITED (REGISTERED NUMBER: 08659593)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. RESERVES
Retained
earnings
£   

At 1 October 2022 709,827
Profit for the year 60,738
At 30 September 2023 770,565

9. RELATED PARTY DISCLOSURES

During the year, the directors, Mr Norman Buckley and Mrs Rebekah Williams, held 56% and 44% respectively, of the issued share capital of the company.

10. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2023 2022
£    £   
Profit for the financial year 60,738 217,508
New share capital subscribed 20 -
Profit/Loss brought forward - 492,319
Share Capital brought forward - 180
Net addition to shareholders' funds 60,758 710,007
Opening shareholders' funds 710,007 -
Closing shareholders' funds 770,765 710,007