Company registration number 05121812 (England and Wales)
Fivenines UK Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Fivenines UK Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Fivenines UK Limited
Statement of financial position
as at 30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
15,992
184
Current assets
Stocks
314
1,063
Debtors
93,096
65,867
Cash at bank and in hand
72,958
111,647
166,368
178,577
Creditors: amounts falling due within one year
(178,120)
(177,556)
Net current (liabilities)/assets
(11,752)
1,021
Total assets less current liabilities
4,240
1,205
Capital and reserves
Called up share capital
320
320
Profit and loss reserves
3,920
885
Total equity
4,240
1,205
Fivenines UK Limited
Statement of financial position (continued)
as at 30 April 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 2 October 2024 and are signed on its behalf by:
D S Moncaster
Director
Company Registration No. 05121812
Fivenines UK Limited
Notes to the financial statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon provision of goods and services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is recognised on all timing differences between the carrying amount of the assets and liabilities in the financial statements and the corresponding tax rates bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the ned of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at tax rates that expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Fivenines UK Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
7
6
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 May 2023
37,711
Additions
22,103
Disposals
(12,571)
At 30 April 2024
47,243
Depreciation and impairment
At 1 May 2023
37,527
Depreciation charged in the year
2,874
Eliminated in respect of disposals
(9,150)
At 30 April 2024
31,251
Carrying amount
At 30 April 2024
15,992
At 30 April 2023
184
4
Company information
Fivenines UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hope Park Workspaces, Trevor Foster Way, Bradford, West Yorkshire, BD5 8HH.