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REGISTERED NUMBER: 04111624 (England and Wales)









Financial Statements

for the Year Ended

30 September 2023

for

First Financial
Intermediaries Limited

First Financial
Intermediaries Limited (Registered number: 04111624)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


First Financial
Intermediaries Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: M Caplan
J Caplan
S M Ryder
G Pearse





SECRETARY: Mrs E Caplan





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 04111624 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

First Financial
Intermediaries Limited (Registered number: 04111624)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 35,573 44,906
35,573 44,906

CURRENT ASSETS
Debtors 6 1,766,609 1,264,153
Cash at bank and in hand 590,335 909,820
2,356,944 2,173,973
CREDITORS
Amounts falling due within one year 7 375,910 334,360
NET CURRENT ASSETS 1,981,034 1,839,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,016,607

1,884,519

CREDITORS
Amounts falling due after more than one
year

8

(78,750

)

(123,750

)

PROVISIONS FOR LIABILITIES (7,485 ) (11,227 )
NET ASSETS 1,930,372 1,749,542

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 1,930,268 1,749,438
SHAREHOLDERS' FUNDS 1,930,372 1,749,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

First Financial
Intermediaries Limited (Registered number: 04111624)

Statement of Financial Position - continued
30 September 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





M Caplan - Director


First Financial
Intermediaries Limited (Registered number: 04111624)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

First Financial Intermediaries 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.

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


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.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Preparation of consolidated financial statements
The financial statements contain information about First Financial Intermediaries Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.
Fixtures, fittings & equipment - 20% on cost
Bicycle - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


First Financial
Intermediaries Limited (Registered number: 04111624)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
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 25 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 240,000
AMORTISATION
At 1 October 2022
and 30 September 2023 240,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures,
fittings
& equipment Bicycle Totals
£    £    £   
COST
At 1 October 2022 275,247 9,749 284,996
Additions 9,594 - 9,594
At 30 September 2023 284,841 9,749 294,590
DEPRECIATION
At 1 October 2022 237,828 2,262 240,090
Charge for year 16,977 1,950 18,927
At 30 September 2023 254,805 4,212 259,017
NET BOOK VALUE
At 30 September 2023 30,036 5,537 35,573
At 30 September 2022 37,419 7,487 44,906

First Financial
Intermediaries Limited (Registered number: 04111624)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,509,226 990,818
Short term loans 242,000 242,000
Prepayments & accrued income 15,383 31,335
1,766,609 1,264,153

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,000 45,000
Trade creditors 6,606 14,344
Tax 93,547 156,275
Social security & other taxes 28,199 31,592
Other creditors 9,892 8,314
Directors' current accounts 46,081 57,847
Accruals & deferred income 146,585 20,988
375,910 334,360

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 78,750 123,750