1 01/04/2023 31/03/2024 2024-03-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08386417 2023-04-01 2024-03-31 08386417 2024-03-31 08386417 2023-03-31 08386417 2022-04-01 2023-03-31 08386417 2023-03-31 08386417 2022-03-31 08386417 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08386417 bus:Director1 2023-04-01 2024-03-31 08386417 core:FurnitureFittingsToolsEquipment 2023-03-31 08386417 core:FurnitureFittingsToolsEquipment 2024-03-31 08386417 core:WithinOneYear 2024-03-31 08386417 core:WithinOneYear 2023-03-31 08386417 core:ShareCapital 2024-03-31 08386417 core:ShareCapital 2023-03-31 08386417 core:RetainedEarningsAccumulatedLosses 2024-03-31 08386417 core:RetainedEarningsAccumulatedLosses 2023-03-31 08386417 core:FurnitureFittingsToolsEquipment 2023-03-31 08386417 bus:SmallEntities 2023-04-01 2024-03-31 08386417 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08386417 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08386417 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08386417 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 08386417
Fiducia Business Consulting Limited
Unaudited filleted financial statements
31 March 2024
Fiducia Business Consulting Limited
Contents
Statement of financial position
Notes to the financial statements
Fiducia Business Consulting Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 7,426 8,506
_______ _______
7,426 8,506
Current assets
Debtors 6 1,738 1,302
Cash at bank and in hand 8,586 16,024
_______ _______
10,324 17,326
Creditors: amounts falling due
within one year 7 ( 733) ( 2,423)
_______ _______
Net current assets 9,591 14,903
_______ _______
Total assets less current liabilities 17,017 23,409
Provisions for liabilities ( 394) ( 1,616)
_______ _______
Net assets 16,623 21,793
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 16,613 21,783
_______ _______
Shareholder funds 16,623 21,793
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
Arron Rhodes
Director
Company registration number: 08386417
Fiducia Business Consulting Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Four Columns, Broughton Hall Business Park, Skipton, North Yorkshire, BD23 3AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 17,696 17,696
Additions 1,922 1,922
Disposals ( 2,700) ( 2,700)
_______ _______
At 31 March 2024 16,918 16,918
_______ _______
Depreciation
At 1 April 2023 9,190 9,190
Charge for the year 1,664 1,664
Disposals ( 1,362) ( 1,362)
_______ _______
At 31 March 2024 9,492 9,492
_______ _______
Carrying amount
At 31 March 2024 7,426 7,426
_______ _______
At 31 March 2023 8,506 8,506
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 1,738 1,302
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 733 2,423
_______ _______