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Registered number: 11059063
F S A M Limited
Financial Statements
For The Year Ended 30 November 2023
Imran Watson Chartered Certified Accountants
FCCA
Listerhills Science Park
18 Campus Road
Bradford
West Yorkshire
BD7 1HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11059063
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,395 141,446
141,395 141,446
CURRENT ASSETS
Cash at bank and in hand 2 1
2 1
Creditors: Amounts Falling Due Within One Year 5 (31,468 ) (15,975 )
NET CURRENT ASSETS (LIABILITIES) (31,466 ) (15,974 )
TOTAL ASSETS LESS CURRENT LIABILITIES 109,929 125,472
Creditors: Amounts Falling Due After More Than One Year 6 (142,588 ) (148,919 )
NET LIABILITIES (32,659 ) (23,447 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (32,759 ) (23,547 )
SHAREHOLDERS' FUNDS (32,659) (23,447)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Fahad Mahmood
Director
27/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
F S A M Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11059063 . The registered office is 12 Toller Grove, Bradford, West Yorkshire, BD9 5NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% on staright line basis
Fixtures & Fittings 20% on reducing balanace method
Computer Equipment 20% on reducing balance method
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 1)
- 1
4. Tangible Assets
Land & Property
Freehold Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 141,190 500 141,690
As at 30 November 2023 141,190 500 141,690
Depreciation
As at 1 December 2022 - 244 244
Provided during the period - 51 51
As at 30 November 2023 - 295 295
Net Book Value
As at 30 November 2023 141,190 205 141,395
As at 1 December 2022 141,190 256 141,446
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,740 900
Bank loans and overdrafts 9 3
Corporation tax 10 10
Director's loan account 29,709 15,062
31,468 15,975
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 142,588 148,919
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4