Company Registration No. 07863112 (England and Wales)
FWAG East Consultancy Limited
Unaudited accounts
for the year ended 30 November 2023
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
FWAG East Consultancy Limited
for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FWAG East Consultancy Limited for the year ended
30 November 2023 as set out on pages
3 -
5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Eden Accounting Ltd
Chartered Certified Accountants
The Pavilion
Kingfisher Way
Huntingdon
Cambridgeshire
PE29 6FN
26 March 2024
FWAG East Consultancy Limited
Statement of financial position
as at 30 November 2023
Tangible assets
6,144
7,109
Cash at bank and in hand
359,038
381,864
Creditors: amounts falling due within one year
(224,786)
(224,183)
Net current assets
375,290
273,361
Net assets
381,434
280,470
Called up share capital
100
100
Profit and loss account
381,334
280,370
Shareholders' funds
381,434
280,470
For the year ending 30 November 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by
E O'Beirne-Ranelagh
Director
Company Registration No. 07863112
FWAG East Consultancy Limited
Notes to the Accounts
for the year ended 30 November 2023
FWAG East Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 07863112. The registered office is Church Farm, Maris Lane, Trumpington, Cambridge, CB2 9LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
FWAG East Consultancy Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment
At 30 November 2023
19,320
At 30 November 2023
13,176
Amounts falling due within one year
Trade debtors
221,826
114,644
Other debtors
19,212
1,036
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
40,498
135,512
Taxes and social security
143,280
78,916
Other creditors
38,508
9,755
7
Average number of employees
During the year the average number of employees was 9 (2022: 7).