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REGISTERED NUMBER: 07761207 (England and Wales)















Financial Statements for the Year Ended 30th September 2023

for

FAEFA Consulting Ltd

FAEFA Consulting Ltd (Registered number: 07761207)






Contents of the Financial Statements
for the Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FAEFA Consulting Ltd

Company Information
for the Year Ended 30th September 2023







DIRECTOR: I Hammond





REGISTERED OFFICE: 8 Hemmells
Basildon
Essex
SS15 6ED





REGISTERED NUMBER: 07761207 (England and Wales)





ACCOUNTANTS: Dormer Finance Limited
8 Hemmells
Basildon
Essex
SS15 6ED

FAEFA Consulting Ltd (Registered number: 07761207)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,092 1,236

CURRENT ASSETS
Stocks 5 130,992 -
Debtors 6 159,728 614,062
Cash at bank 578,750 282,773
869,470 896,835
CREDITORS
Amounts falling due within one year 7 212,712 313,624
NET CURRENT ASSETS 656,758 583,211
TOTAL ASSETS LESS CURRENT
LIABILITIES

657,850

584,447

PROVISIONS FOR LIABILITIES 218 247
NET ASSETS 657,632 584,200

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 657,622 584,190
SHAREHOLDERS' FUNDS 657,632 584,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 by the director and authorised for issue on 6th August 2024 and were signed by:



I Hammond - Director


FAEFA Consulting Ltd (Registered number: 07761207)

Notes to the Financial Statements
for the Year Ended 30th September 2023

1. STATUTORY INFORMATION

FAEFA Consulting Ltd 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 represents net invoiced sales of services and goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FAEFA Consulting Ltd (Registered number: 07761207)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st October 2022 486 2,131 2,617
Additions - 651 651
At 30th September 2023 486 2,782 3,268
DEPRECIATION
At 1st October 2022 373 1,008 1,381
Charge for year 29 766 795
At 30th September 2023 402 1,774 2,176
NET BOOK VALUE
At 30th September 2023 84 1,008 1,092
At 30th September 2022 113 1,123 1,236

5. STOCKS
2023 2022
£    £   
Work-in-progress 130,992 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 149,789 601,829
Other debtors 5,149 5,924
VAT 4,790 6,309
159,728 614,062

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 102,840 175,268
Corporation tax 28,707 39,069
Other creditors 255 259
Directors' current accounts 79,260 97,378
Accrued expenses 1,650 1,650
212,712 313,624

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the directors' current account was credited with £1,600 for use of home as office space.