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REGISTERED NUMBER: 14776448 (England and Wales)
























Unaudited Financial Statements

for the Period 3 April 2023 to 30 April 2024

for

Friend & Simmonds Ltd

Friend & Simmonds Ltd (Registered number: 14776448)






Contents of the Financial Statements
for the Period 3 April 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Friend & Simmonds Ltd

Company Information
for the Period 3 April 2023 to 30 April 2024







DIRECTORS: R E Friend
Mrs R Friend





REGISTERED OFFICE: 1733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT





REGISTERED NUMBER: 14776448 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Friend & Simmonds Ltd (Registered number: 14776448)

Balance Sheet
30 April 2024

Notes £    £   
FIXED ASSETS
Investments 5 1,850

CURRENT ASSETS
Debtors 6 11,250
Cash at bank 373
11,623
CREDITORS
Amounts falling due within one
year

7

16,808
NET CURRENT LIABILITIES (5,185 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,335

)

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (3,435 )
SHAREHOLDERS' FUNDS (3,335 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 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 by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





R E Friend - Director


Friend & Simmonds Ltd (Registered number: 14776448)

Notes to the Financial Statements
for the Period 3 April 2023 to 30 April 2024

1. STATUTORY INFORMATION

Friend & Simmonds 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There have been no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company had net current liabilities of £5,185, however the directors believe that the company will be able to meet its liabilities as they fall due and therefore feels it appropriate to draw up these financial statements on the going concern basis. These financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the period 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 period 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.

Loans from directors
As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

Friend & Simmonds Ltd (Registered number: 14776448)

Notes to the Financial Statements - continued
for the Period 3 April 2023 to 30 April 2024

3. ACCOUNTING POLICIES - continued

Accounting period
Being the company's initial accounting period, these financial statements cover a period of 394 days.

Investments
Investments in joint ventures, associates and other participating interests are measured at cost less impairment.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5. FIXED ASSET INVESTMENTS
Interest
Interest in other
in participating
associate interests Totals
£    £    £   
COST
Additions 50 1,800 1,850
At 30 April 2024 50 1,800 1,850
NET BOOK VALUE
At 30 April 2024 50 1,800 1,850


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 10,000
Other debtors 1,250
11,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 232
Social security and other
taxes

162
Directors' current accounts 16,414
16,808

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

9. CAPITAL COMMITMENTS
£   
Contracted but not provided for in the
financial statements -

Friend & Simmonds Ltd (Registered number: 14776448)

Notes to the Financial Statements - continued
for the Period 3 April 2023 to 30 April 2024

10. RELATED PARTY DISCLOSURES

Loans from key management personnel are unsecured and interest free with no specific repayment terms.

Balance with associate is unsecured and interest free with no specific repayment terms.