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Firmus Associates Limited
Registered Number:08972626
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
08972626
As at 30 April 2023
Firmus Associates Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
809,655
810,219
2
809,655
810,219
Current assets
Trade and other receivables
14,404
24,752
3
46,698
Cash and cash equivalents
9,062
33,814
61,102
Trade and other payables: amounts falling due within one
year
(43,506)
(31,352)
4
17,596
2,462
Net current assets
Total assets less current liabilities
812,117
827,815
Trade and other payables: amounts falling due after more
than one year
(297,075)
(277,217)
5
534,900
Net assets
530,740
Capital and reserves
Called up share capital
100
100
Retained earnings
534,800
530,640
534,900
530,740
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Barry Leonard Thurston Director
These financial statements were approved and authorised for issue by the Board on 17 January 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 30 April 2023
Firmus Associates Limited
Notes to the Financial Statements
Statutory Information
Firmus Associates Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08972626.
Registered address:
Redroofs
Berrington Road
Tenbury Wells
WR15 8EN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
10% Straight line
33% Straight line
Computer equipment
20% Straight line
Fixtures and fittings
Investment property
Investment property is shown at cost. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 May 2022
830,923
4,446
2,882
27,958
795,637
4,723
-
-
4,723
-
Additions
At 30 April 2023
32,681
2,882
4,446
835,646
795,637
Provision for depreciation and impairment
At 01 May 2022
20,704
4,446
1,073
11,221
3,964
Charge for year
5,287
-
477
4,014
796
At 30 April 2023
25,991
4,446
1,550
15,235
4,760
At 30 April 2023
Net book value
790,877
17,446
1,332
-
809,655
At 30 April 2022
791,673
16,737
1,809
-
810,219
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For the year ended 30 April 2023
Firmus Associates Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
24,752
14,404
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
21,000
22,250
Bank loans and overdraft
-
7,500
Trade creditors
1,965
-
Taxation and social security
975
2,271
Directors' loan accounts
7,412
11,485
31,352
43,506
The loans are mortgages, from Barclays Bank, that are secured on the properties owned by the company.
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
277,217
297,075
The loans are mortgages, from Barclays Bank, that are secured on the properties owned by the company.
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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