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Company Registration No. 08137889 (England and Wales)
FIVIC LTD Unaudited accounts for the year ended 31 July 2023
FIVIC LTD Unaudited accounts Contents
Page
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FIVIC LTD Company Information for the year ended 31 July 2023
Director
Victoria Isaac
Secretary
Victoria Issac
Company Number
08137889 (England and Wales)
Registered Office
803 Old Kent Road London England SE15 1NX
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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FIVIC LTD Accountants' report
Accountants' report to the director of FIVIC LTD on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FIVIC LTD for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FIVIC LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FIVIC LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FIVIC LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FIVIC LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FIVIC LTD. You consider that FIVIC LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FIVIC LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 30 April 2024
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FIVIC LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,325 
8,325 
Current assets
Debtors
72,973 
72,973 
Cash at bank and in hand
1,913 
1,913 
74,886 
74,886 
Creditors: amounts falling due within one year
(47,038)
(47,038)
Net current assets
27,848 
27,848 
Total assets less current liabilities
36,173 
36,173 
Creditors: amounts falling due after more than one year
(35,646)
(35,646)
Net assets
527 
527 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
526 
526 
Shareholders' funds
527 
527 
For the year ending 31 July 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 director acknowledges her 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 and authorised for issue on 30 April 2024 and were signed on its behalf by
Victoria Isaac Director Company Registration No. 08137889
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FIVIC LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
FIVIC LTD is a private company, limited by shares, registered in England and Wales, registration number 08137889. The registered office is 803 Old Kent Road, London, England, SE15 1NX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Motor vehicles
25
Fixtures & fittings
10
Computer equipment
25
Other tangible fixed assets
20
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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FIVIC LTD Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
4,250 
6,000 
10,250 
At 31 July 2023
4,250 
6,000 
10,250 
Depreciation
At 1 August 2022
425 
1,500 
1,925 
At 31 July 2023
425 
1,500 
1,925 
Net book value
At 31 July 2023
3,825 
4,500 
8,325 
At 31 July 2022
3,825 
4,500 
8,325 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
72,973 
72,973 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
46,503 
46,503 
Other creditors
79 
79 
Accruals
456 
456 
47,038 
47,038 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,000 
30,000 
Amounts owed to group undertakings and other participating interests
5,646 
5,646 
35,646 
35,646 
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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