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REGISTERED NUMBER: 05593733 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

FINLAY MAC ASSOCIATES LIMITED

FINLAY MAC ASSOCIATES LIMITED (REGISTERED NUMBER: 05593733)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FINLAY MAC ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr N S Sandy
Mrs J L Sandy





SECRETARY: Mr N S Sandy





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 05593733 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

FINLAY MAC ASSOCIATES LIMITED (REGISTERED NUMBER: 05593733)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,214 1,751

CURRENT ASSETS
Debtors 5 167 81,326
Cash at bank 44,100 93,281
44,267 174,607
CREDITORS
Amounts falling due within one year 6 4,210 22,937
NET CURRENT ASSETS 40,057 151,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,271

153,421

PROVISIONS FOR LIABILITIES 7 231 333
NET ASSETS 41,040 153,088

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 40,040 152,088
SHAREHOLDERS' FUNDS 41,040 153,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




Mr N S Sandy - Director


FINLAY MAC ASSOCIATES LIMITED (REGISTERED NUMBER: 05593733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Finlay Mac Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from ordinary activities and stated net of Value Added Tax. Revenue is recognised at the point when the company satisfies a performance obligation to a customer as agreed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 33.3% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FINLAY MAC ASSOCIATES LIMITED (REGISTERED NUMBER: 05593733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 11,927
DEPRECIATION
At 1 November 2022 10,176
Charge for year 537
At 31 October 2023 10,713
NET BOOK VALUE
At 31 October 2023 1,214
At 31 October 2022 1,751

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 43,535
Other debtors 167 37,791
167 81,326

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 444 19,334
Other creditors 3,766 3,603
4,210 22,937

7. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 231 333

Deferred
tax
£   
Balance at 1 November 2022 333
Utilised during year (102 )
Balance at 31 October 2023 231

8. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £679 (31.10.22: owed by £37,353).

FINLAY MAC ASSOCIATES LIMITED (REGISTERED NUMBER: 05593733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr N S Sandy.