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Registration number: 08514020

FSJCONSULTANCY LIMITED

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2023

 

FSJCONSULTANCY LIMITED

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

FSJCONSULTANCY LIMITED

Company Information

Chairman

Ms E J Sanderson

Director

Mr M C Franks

Registered office

17 VEYSEY CLOSE
EXETER
DEVON
EX2 6AS

Accountants

R. Branner & Co
Chartered Certified Accountants
18 New Street
Honiton
Devon
EX14 1EY

 

FSJCONSULTANCY LIMITED

(Registration number: 08514020)
Abridged Balance Sheet as at 31 October 2023

Note

31 October
2023
£

31 October
2022
£

Fixed assets

 

Tangible assets

4

1,064

1,596

Current assets

 

Debtors

5

2,702

-

Cash at bank and in hand

 

238

388

 

2,940

388

Creditors: Amounts falling due within one year

(13,703)

(694)

Net current liabilities

 

(10,763)

(306)

Total assets less current liabilities

 

(9,699)

1,290

Accruals and deferred income

 

(790)

(1,042)

Net (liabilities)/assets

 

(10,489)

248

Capital and reserves

 

Called up share capital

6

90

90

Retained earnings

(10,579)

158

Shareholders' (deficit)/funds

 

(10,489)

248

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 March 2024
 

 

FSJCONSULTANCY LIMITED

(Registration number: 08514020)
Abridged Balance Sheet as at 31 October 2023

.........................................
Ms E J Sanderson
Chairman

.........................................
Mr M C Franks
Director

 

FSJCONSULTANCY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
17 VEYSEY CLOSE
EXETER
DEVON
EX2 6AS

These financial statements were authorised for issue by the director on 26 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

FSJCONSULTANCY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% on Cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

FSJCONSULTANCY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

4,762

4,762

At 31 October 2023

4,762

4,762

Depreciation

At 1 November 2022

3,166

3,166

Charge for the year

532

532

At 31 October 2023

3,698

3,698

Carrying amount

At 31 October 2023

1,064

1,064

At 31 October 2022

1,596

1,596

5

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

31 October
2023

31 October
2022

 

No.

£

No.

£

Ordinary A of £1 each

45

45

45

45

Ordinary B of £1 each

45

45

45

45

 

90

90

90

90

7

Dividends

Interim dividends paid

 

FSJCONSULTANCY LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

   

31 October
2023
£

 

31 October
2022
£

Interim dividend of £Nil (2022 - £44.44) per each Ordinary A

 

-

 

2,000

Interim dividend of £Nil (2022 - £66.67) per each Ordinary B

 

-

 

3,000

   

-

 

5,000

8

Related party transactions

Transactions with the director

2023

At 1 November 2022
£

Repayments by director
£

At 31 October 2023
£

Ms E J Sanderson

Director's loan

(499)

-

(499)

       
     

Mr M C Franks

Director's loan

(127)

(13,077)

(13,204)

       
     

 

2022

At 1 November 2021
£

Advances to director
£

Repayments by director
£

At 31 October 2022
£

Ms E J Sanderson

Director's loan

(343)

-

(156)

(499)

         
       

Mr M C Franks

Director's loan

(2,260)

2,133

-

(127)

         
       

 

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

8,293

8,233