Registered number
09168668
Friendly Score UK Limited
Filleted Accounts
31 August 2024
Friendly Score UK Limited
Registered number: 09168668
Statement of Financial Position
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 412 472
Current assets
Debtors 4 56,434 31,973
Cash at bank and in hand 29,419 15,320
85,853 47,293
Creditors: amounts falling due within one year 5 (40,489) (120,641)
Net current assets/(liabilities) 45,364 (73,348)
Total assets less current liabilities 45,776 (72,876)
Creditors: amounts falling due after more than one year 6 (12,932) (16,258)
Net assets/(liabilities) 32,844 (89,134)
Capital and reserves
Share capital 207,893 198,310
Share premium 2,359,352 2,108,936
Profit and loss account (2,534,401) (2,396,380)
Shareholders' funds 32,844 (89,134)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Loubna Bazine
Director
Approved by the board on 18 September 2024
Friendly Score UK Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rendering services of analysing social and online data of the businesses or individuals to assess borrower risk and default probability. Turnover is recognised in the financial statements to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% reducing balance
Computer equipment 20% reducing balance
Resaerch and development
Expenditure on research activities is recognised in the profit and loss account as an expense as incurred.

Expenditure on development activities may be capitalised if the product or process is technically and commercially feasible and the company intends and has the technical ability and sufficient resources to complete development, future economic benefits are probable and if the company can measure reliably the expenditure attributable to the tangible asset during its development. Development activities involve design for, construction or testing of the production of new or substantially improved products and processes. The expenditure capitalised includes the costs of materials, direct labour and an appropriate proportion of overheads and capital borrowing costs. Other development expenditure is recognised in the profit and loss account as an expense as incurred.

Capitalised development costs are not treated as a realised loss for the purpose of determining the company's distributable profits as the costs meet the conditions requiring them to be treated as an asset in accordance with FRS 102 Section 18.


Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax asset is recognised in respect of a tax loss carried forward to offset against future profit. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is considered immaterial . 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to statement of income and retained earnings
Pensions
The company operates a pension plan for its employees. Contributions are expensed in the period to which they relate. Amounts not paid are shown as a liability on the balance sheet. The assets of the scheme are held separately from those of the company in an independently administered fund.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 8,754
At 31 August 2024 8,754
Depreciation
At 1 September 2023 8,282
Charge for the year 60
At 31 August 2024 8,342
Net book value
At 31 August 2024 412
At 31 August 2023 472
4 Debtors 2024 2023
£ £
Trade debtors 10,849 9,700
Other debtors 45,585 22,273
56,434 31,973
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 3,326 3,326
Trade creditors 22,149 33,261
Taxation and social security costs 13,207 18,858
Other creditors 1,807 65,196
40,489 120,641
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,932 16,258
Bounce Back Loan as at 31 August 24 totals £16,258, of which £12,932 falls due after one year.
7 Related party transactions
Friendly Score Poland is a wholly owned subsidiary of Friendly Score UK Ltd, acquired 14 March 2017.
During the year, transactions between Friendly Score Poland are £45,911 (£55,287 - August 2023).
8 Other information
Friendly Score UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
84 Brook Street
London
W1K 5EH
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