1 April 2022 v2024.6.1 micro_entity_frs_105_v1_1_1 filingSoftwarefalsetruetruetruefalseNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP063242692022-04-012023-03-31063242692023-03-31063242692022-03-3106324269core:WithinOneYear2023-03-3106324269core:WithinOneYear2022-03-3106324269core:AfterOneYear2023-03-3106324269core:AfterOneYear2022-03-3106324269bus:RegisteredOffice2022-04-012023-03-31063242692021-04-012022-03-3106324269bus:Director12022-04-012023-03-310632426912022-04-012023-03-3106324269countries:EnglandWales2022-04-012023-03-3106324269bus:AuditExemptWithAccountantsReport2022-04-012023-03-3106324269bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106324269bus:Micro-entities2022-04-012023-03-3106324269bus:FullAccounts2022-04-012023-03-31
Company registration number:
06324269
Fastbridge Finance Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2023
Fastbridge Finance Limited
Statement of Financial Position
31 March 2023
20232022
££
Fixed assets
24
 
24
 
   
Current assets
889,392
 
881,334
 
Creditors: amounts falling due within one year
(368,838
)
(432,508
)
Net current assets
520,554
 
448,826
 
Total assets less current liabilities
520,578
 
448,850
 
Creditors: amounts falling due after more than one year
(175,337
)
(176,476
)
Net assets
345,241
 
272,374
 
   
Capital and reserves
345,241
 
272,374
 

Notes to the Financial Statements

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
The King Rufus Eling Hill
,
Totton
,
Southampton
,
SO40 9HE
, England.
Notes to the Accounts.
1. Tangible and intangible fixed assets
Tangible and intangible fixed assets are stated at cost at or the current market valuation less the accumulated depreciation. Less any impairment losses. If and when the item/s are sold, the costs will be calculated and the item will be disposed of accordingly.
2. Investment.
Investments are recognised initially at the market or a fair value of any such investment.
This is normally calculated as the cost less any transaction costs. For example buyers fees and or added interest. there may be other fees that are applicable.
The investments are then measured at the costs including the profit and loss.
3. Loans and Borrowing.
Loans and borrowing are initially recognised at the transaction price including any costs that coincide with the initial price.
Subsequently, there are measured at amortised cost, using the sum of the digits method less any impairments.
4. Corporation Tax.
Corporation tax shows as £136.00
This is because the accounts have balanced this figure from amounts already paid.
There is nothing left to pay for the financial year 2021-2022.

2 Average number of employees

The average number of persons employed by the company during the year was
2
(2022:
2
).
For the year ending
31 March 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
1 March 2024
, and are signed on behalf of the board by:
M Wallace
Director
Company registration number:
06324269