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REGISTERED NUMBER: 08962390 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

FFACE SOLUTIONS LTD

FFACE SOLUTIONS LTD (REGISTERED NUMBER: 08962390)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FFACE SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: A C Ffolkes





REGISTERED OFFICE: Fircroft
126 Weyhill Road
Andover
Hampshire
SP10 3BE





REGISTERED NUMBER: 08962390 (England and Wales)





ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE

FFACE SOLUTIONS LTD (REGISTERED NUMBER: 08962390)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 452 372

CURRENT ASSETS
Stocks 454 958
Debtors 5 5,215 6,177
Cash at bank 371 1,610
6,040 8,745
CREDITORS
Amounts falling due within one year 6 4,648 4,176
NET CURRENT ASSETS 1,392 4,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,844

4,941

CREDITORS
Amounts falling due after more than one year 7 19,000 18,000
NET LIABILITIES (17,156 ) (13,059 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (17,157 ) (13,060 )
SHAREHOLDERS' FUNDS (17,156 ) (13,059 )

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

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

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 24 December 2023 and were signed by:





A C Ffolkes - Director


FFACE SOLUTIONS LTD (REGISTERED NUMBER: 08962390)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Fface Solutions 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.

Going Concern

The accounts are being prepared on a Going Concern basis on the understanding that the director's loan will not be repaid until funds are available.

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 and machinery - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 274 2,372 2,646
Additions 390 - 390
At 31 March 2023 664 2,372 3,036
DEPRECIATION
At 1 April 2022 180 2,094 2,274
Charge for year 128 182 310
At 31 March 2023 308 2,276 2,584
NET BOOK VALUE
At 31 March 2023 356 96 452
At 31 March 2022 94 278 372

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 348 1,310

FFACE SOLUTIONS LTD (REGISTERED NUMBER: 08962390)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

5. DEBTORS - continued
31.3.23 31.3.22
£    £   
Amounts falling due after more than one year:
Tax 4,867 4,867

Aggregate amounts 5,215 6,177

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 366 2,349
Social security and other taxes - 441
Other creditors 194 -
Directors' current accounts 4,088 1,386
4,648 4,176

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Directors' loan accounts 19,000 18,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2022 (13,060 )
Deficit for the year (4,097 )
At 31 March 2023 (17,157 )

10. RELATED PARTY DISCLOSURES

The director Andrew Ffolkes made further loans to the company during the year and there were amounts of £23,088 due to him at the year end. An amount of £4,088 has been shown as repayable in one year and £19,000 as repayable after one year and when funds are available.