Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01falsefalseDebt collection11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09859574 2022-12-01 2023-11-30 09859574 2021-12-01 2022-11-30 09859574 2023-11-30 09859574 2022-11-30 09859574 2021-12-01 09859574 c:Director3 2022-12-01 2023-11-30 09859574 d:CurrentFinancialInstruments 2023-11-30 09859574 d:CurrentFinancialInstruments 2022-11-30 09859574 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09859574 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09859574 d:ShareCapital 2022-12-01 2023-11-30 09859574 d:ShareCapital 2023-11-30 09859574 d:ShareCapital 2021-12-01 2022-11-30 09859574 d:ShareCapital 2022-11-30 09859574 d:ShareCapital 2021-12-01 09859574 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 09859574 d:RetainedEarningsAccumulatedLosses 2023-11-30 09859574 d:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 09859574 d:RetainedEarningsAccumulatedLosses 2022-11-30 09859574 d:RetainedEarningsAccumulatedLosses 2021-12-01 09859574 c:OrdinaryShareClass1 2022-12-01 2023-11-30 09859574 c:OrdinaryShareClass1 2023-11-30 09859574 c:OrdinaryShareClass1 2022-11-30 09859574 c:FRS102 2022-12-01 2023-11-30 09859574 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09859574 c:FullAccounts 2022-12-01 2023-11-30 09859574 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09859574










FB COLLECTIONS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
FB COLLECTIONS LIMITED
REGISTERED NUMBER: 09859574

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
434,330
214,063

Cash at bank and in hand
 5 
10,389
15,348

  
444,719
229,411

Creditors: amounts falling due within one year
 6 
(263,008)
(214,391)

Net current assets
  
 
 
181,711
 
 
15,020

Total assets less current liabilities
  
181,711
15,020

  

Net assets
  
181,711
15,020


Capital and reserves
  

Called up share capital 
 7 
15,000
15,000

Profit and loss account
  
166,711
20

  
181,711
15,020


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2024.




Q R Ghafoor
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
FB COLLECTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 December 2021
15,000
3,370
18,370


Comprehensive income for the year

Loss for the year
-
(3,350)
(3,350)
Total comprehensive income for the year
-
(3,350)
(3,350)



At 1 December 2022
15,000
20
15,020


Comprehensive income for the year

Profit for the year
-
166,691
166,691
Total comprehensive income for the year
-
166,691
166,691


At 30 November 2023
15,000
166,711
181,711


The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FB COLLECTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

FB Collections Limited (the company) is a private company limited by shares incorporated and domiciled in the United Kingdom. The company registration number is 09859574 and the registered address is Pinnacle Building, 2 Prospect Place, Pride Park, Derby, DE24 8HG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

  
2.3

Revenue

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policy adopted for the recognition of turnover is as follows:
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

  
2.4

Interest Income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

  
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
FB COLLECTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Amounts owed by connected companies
434,035
63,802

Other debtors
295
150,261

434,330
214,063



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
10,389
15,348


Page 4

 
FB COLLECTIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
25
-

Corporation tax
48,814
-

Other creditors
213,519
213,518

Accruals and deferred income
650
873

263,008
214,391


Included within other creditors is £213,519 which is owed to a director. The amount is unsecured, interest free and repayable on demand. 


7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



15,000 (2022 - 15,000) Ordinary shares of £1.00 each
15,000
15,000



8.


Controlling party

The Company is under the control of the sole director who owns the entire share capital.


Page 5