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FINISHING TOUCHES INTERNATIONAL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023






FINISHING TOUCHES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03480716)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINISHING TOUCHES INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: D J Mullins





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 03480716 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

FINISHING TOUCHES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03480716)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,267 156
Investments 5 112 1,343,750
1,379 1,343,906

CURRENT ASSETS
Debtors 6 1,362,082 252,629
Cash at bank and in hand 1,457 12,087
1,363,539 264,716
CREDITORS
Amounts falling due within one year 7 21,173 13,524
NET CURRENT ASSETS 1,342,366 251,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,343,745

1,595,098

CREDITORS
Amounts falling due after more than one
year

8

-

(3,362

)

PROVISIONS FOR LIABILITIES - (30 )
NET ASSETS 1,343,745 1,591,706

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,342,745 1,590,706
SHAREHOLDERS' FUNDS 1,343,745 1,591,706

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

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

The director acknowledges his 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.

FINISHING TOUCHES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03480716)

BALANCE SHEET - continued
31ST DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th August 2024 and were signed by:





D J Mullins - Director


FINISHING TOUCHES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03480716)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Finishing Touches International 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 as modified by the revaluation of certain assets.

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.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FINISHING TOUCHES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03480716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023 4,750 580 5,330
Additions - 1,533 1,533
At 31st December 2023 4,750 2,113 6,863
DEPRECIATION
At 1st January 2023 4,594 580 5,174
Charge for year 39 383 422
At 31st December 2023 4,633 963 5,596
NET BOOK VALUE
At 31st December 2023 117 1,150 1,267
At 31st December 2022 156 - 156

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2023 1,478,750
Impairments (134,888 )
Reclassification/transfer (1,343,750 )
At 31st December 2023 112
NET BOOK VALUE
At 31st December 2023 112
At 31st December 2022 1,478,750

Cost or valuation at 31st December 2023 is represented by:

Other
investments
£   
Valuation in 2020 442,915
Valuation in 2021 (215,250 )
Valuation in 2022 (92,665 )
Valuation in 2023 (134,888 )
112

Fixed asset investments include amounts advanced as long term capital loan investments in unlisted businesses.

FINISHING TOUCHES INTERNATIONAL LIMITED (REGISTERED NUMBER: 03480716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Amounts owed by associates 16,312 70,129
Other debtors 1,345,770 82,500
1,362,082 152,629

Amounts falling due after more than one year:
Other debtors - 100,000

Aggregate amounts 1,362,082 252,629

Other debtors include amounts loaned under agreements. The loans are either interest free and repayable on demand or are subject to agreed interest payable and still repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 17
Taxation and social security 21 9,067
Other creditors 21,152 4,440
21,173 13,524

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors - 3,362

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Share capital 1 £1 1,000 1,000