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COMPANY REGISTRATION NUMBER: 5994616
FSA Automotive Limited
Filleted Unaudited Financial Statements
For the Year Ended
30 November 2023
FSA Automotive Limited
Financial Statements
Year Ended 30th November 2023
Contents
Page
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements
1
Statement of Financial Position
2
Notes to the Financial Statements
3
FSA Automotive Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of FSA Automotive Limited
Year Ended 30th November 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30th November 2023, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
PEYTON TYLER MEARS Chartered accountants
Middleborough House 16 Middleborough Colchester Essex CO1 1QT
11 September 2024
FSA Automotive Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Current Assets
Debtors
4
1,343
671
Creditors: amounts falling due within one year
5
44,481
44,832
--------
--------
Net Current Liabilities
43,138
44,161
--------
--------
Total Assets Less Current Liabilities
( 43,138)
( 44,161)
--------
--------
Net Liabilities
( 43,138)
( 44,161)
--------
--------
Capital and Reserves
Called up share capital
200
200
Profit and loss account
( 43,338)
( 44,361)
--------
--------
Shareholders Deficit
( 43,138)
( 44,161)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 September 2024 , and are signed on behalf of the board by:
P.D. Guy
P Speakman
Director
Director
Company registration number: 5994616
FSA Automotive Limited
Notes to the Financial Statements
Year Ended 30th November 2023
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, Essex, CO1 1QT.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
4. Debtors
2023
2022
£
£
Trade debtors
1,343
671
-------
----
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
19,617
22,485
Other creditors
24,864
22,347
--------
--------
44,481
44,832
--------
--------