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REGISTERED NUMBER: 12636222 (England and Wales)















Foster London Group Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Foster London Group Ltd (Registered number: 12636222)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Foster London Group Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs C L Turns





REGISTERED OFFICE: Borough Yards
13 Dirty Lane
London
SE1 9PA





REGISTERED NUMBER: 12636222 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Foster London Group Ltd (Registered number: 12636222)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,932 11,748

CURRENT ASSETS
Debtors 5 82,462 250,524
Cash at bank 92,725 71,816
175,187 322,340
CREDITORS
Amounts falling due within one year 6 119,638 301,128
NET CURRENT ASSETS 55,549 21,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,481

32,960

PROVISIONS FOR LIABILITIES 2,035 2,230
NET ASSETS 71,446 30,730

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,346 30,630
SHAREHOLDERS' FUNDS 71,446 30,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 26 September 2024 and were signed by:



Mrs C L Turns - Director


Foster London Group Ltd (Registered number: 12636222)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Foster London Group Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance
Computer equipment - 33% on cost

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.

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 12 (2022 - 8 ) .

Foster London Group Ltd (Registered number: 12636222)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 January 2023 9,012 9,683 18,695
Additions 6,600 6,920 13,520
At 31 December 2023 15,612 16,603 32,215
DEPRECIATION
At 1 January 2023 2,471 4,476 6,947
Charge for year 2,559 4,777 7,336
At 31 December 2023 5,030 9,253 14,283
NET BOOK VALUE
At 31 December 2023 10,582 7,350 17,932
At 31 December 2022 6,541 5,207 11,748

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 61,797 245,760
Other debtors 20,665 4,764
82,462 250,524

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 21,066 14,012
Taxation and social security 57,910 63,943
Other creditors 40,662 223,173
119,638 301,128

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mrs C L Turns
Balance outstanding at start of year - -
Amounts advanced 17,301 -
Amounts repaid (14,045 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,256 -