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REGISTERED NUMBER: 03294502 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FCLS GROUP LIMITED

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FCLS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J Blackmore
A Smart
P Dunn





SECRETARY: S J Blackmore





REGISTERED OFFICE: 16 Churchhill Way
Cardiff
CF10 2DX





REGISTERED NUMBER: 03294502 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 660,153 13,683
Investments 6 - -
660,153 13,683

CURRENT ASSETS
Stocks 1,000 2,000
Debtors 7 670,962 706,349
Cash at bank 767,573 868,454
1,439,535 1,576,803
CREDITORS
Amounts falling due within one year 8 (520,396 ) (438,501 )
NET CURRENT ASSETS 919,139 1,138,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,579,292

1,151,985

CREDITORS
Amounts falling due after more than one
year

9

(388,581

)

(55,000

)

PROVISIONS FOR LIABILITIES (23,897 ) (2,552 )
NET ASSETS 1,166,814 1,094,433

CAPITAL AND RESERVES
Called up share capital 47 47
Capital redemption reserve 55 55
Retained earnings 1,166,712 1,094,331
SHAREHOLDERS' FUNDS 1,166,814 1,094,433

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

BALANCE SHEET - continued
30 APRIL 2024


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 30 July 2024 and were signed on its behalf by:





S J Blackmore - Director


FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 29,320
AMORTISATION
At 1 May 2023
and 30 April 2024 29,320
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 - 23,878 - 29,872 53,750
Additions 564,362 - 112,215 - 676,577
At 30 April 2024 564,362 23,878 112,215 29,872 730,327
DEPRECIATION
At 1 May 2023 - 15,731 - 24,336 40,067
Charge for year - 1,222 28,054 831 30,107
At 30 April 2024 - 16,953 28,054 25,167 70,174
NET BOOK VALUE
At 30 April 2024 564,362 6,925 84,161 4,705 660,153
At 30 April 2023 - 8,147 - 5,536 13,683

Included in cost of land and buildings is freehold land of £ 564,362 (2023 - £ 0 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 112,215
At 30 April 2024 112,215
DEPRECIATION
Charge for year 28,054
At 30 April 2024 28,054
NET BOOK VALUE
At 30 April 2024 84,161

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 4
PROVISIONS
At 1 May 2023
and 30 April 2024 4
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 534,660 418,548
Other debtors 136,302 287,801
670,962 706,349

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,050 -
Hire purchase contracts 13,547 -
Trade creditors 172,365 89,494
Taxation and social security 289,313 286,931
Other creditors 9,121 62,076
520,396 438,501

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 309,429 -
Hire purchase contracts 79,152 -
Other creditors - 55,000
388,581 55,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 129,179 -

FCLS GROUP LIMITED (REGISTERED NUMBER: 03294502)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 345,479 -

The bank loan is secured on the companies business premises at B1 Vantage Office Park

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
S J Blackmore
Balance outstanding at start of year (4 ) 48,727
Amounts advanced - 113,769
Amounts repaid (1,238 ) (162,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,242 ) (4 )

A Smart
Balance outstanding at start of year 50,375 -
Amounts advanced - 75,375
Amounts repaid (50,375 ) (25,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50,375

P Dunn
Balance outstanding at start of year 90,000 -
Amounts advanced - 90,000
Amounts repaid (90,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 90,000