2023-02-012024-01-312024-01-31false13138754FINANCE PARTNERS 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FINANCE PARTNERS LIMITED

Registered Number
13138754
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

FINANCE PARTNERS LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Faherty, Eimear
Scorer, Guy

Registered Address

13 The Close
Norwich
NR1 4DS

Registered Number

13138754 (England and Wales)
FINANCE PARTNERS LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3288102
288102
Current assets
Debtors44,836351
Cash at bank and on hand13,71318,229
18,54918,580
Creditors amounts falling due within one year5(13,924)(17,878)
Net current assets (liabilities)4,625702
Total assets less current liabilities4,913804
Net assets4,913804
Capital and reserves
Called up share capital11
Profit and loss account4,912803
Shareholders' funds4,913804
The financial statements were approved and authorised for issue by the Board of Directors on 1 May 2024, and are signed on its behalf by:
Scorer, Guy
Director
Registered Company No. 13138754
FINANCE PARTNERS LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 23300300
Additions330330
At 31 January 24630630
Depreciation and impairment
At 01 February 23198198
Charge for year144144
At 31 January 24342342
Net book value
At 31 January 24288288
At 31 January 23102102
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,836351
Total4,836351
Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security3,5482,326
Other creditors10,37612,427
Accrued liabilities and deferred income-3,125
Total13,92417,878
Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.