1 November 2022 false No description of principal activity Taxfiler 2024.5 04593152business:PrivateLimitedCompanyLtd2022-11-012023-10-31 045931522022-10-31 045931522022-11-012023-10-31 04593152business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 04593152business:FilletedAccounts2022-11-012023-10-31 045931522023-10-31 04593152business:Director12022-11-012023-10-31 04593152business:Director22022-11-012023-10-31 04593152business:CompanySecretary12022-11-012023-10-31 04593152business:RegisteredOffice2022-11-012023-10-31 045931522022-10-31 04593152core:WithinOneYear2023-10-31 04593152core:WithinOneYear2022-10-31 04593152core:AfterOneYear2023-10-31 04593152core:AfterOneYear2022-10-31 04593152core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 04593152core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 04593152core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 04593152core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 04593152core:PreviouslyStatedAmount2023-10-31 04593152core:PreviouslyStatedAmount2022-10-31 04593152business:SmallEntities2022-11-012023-10-31 04593152countries:EnglandWales2022-11-012023-10-31 04593152core:FurnitureFittings2022-11-012023-10-31 04593152core:ComputerEquipment2022-11-012023-10-31 04593152core:MotorVehicles2022-10-31 04593152core:FurnitureFittings2022-10-31 04593152core:ComputerEquipment2022-10-31 04593152core:MotorVehicles2022-11-012023-10-31 04593152core:MotorVehicles2023-10-31 04593152core:FurnitureFittings2023-10-31 04593152core:ComputerEquipment2023-10-31 045931522021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 04593152 (England and Wales)
Finger Industries Limited Unaudited accounts for the year ended 31 October 2023
Finger Industries Limited Unaudited accounts Contents
Page
- 2 -
Finger Industries Limited Company Information for the year ended 31 October 2023
Directors
M J Kenyon J Ford
Secretary
J Ford
Company Number
04593152 (England and Wales)
Registered Office
192 Shoreham Street Sheffield South Yorkshire S1 4SQ
Accountants
Automated Accountancy The Business Village Innovation Way Barnsley South Yorkshire S75 1JL
- 3 -
Finger Industries Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,794 
10,862 
Current assets
Debtors
183,572 
145,211 
Cash at bank and in hand
88,503 
43,999 
272,075 
189,210 
Creditors: amounts falling due within one year
(253,276)
(163,720)
Net current assets
18,799 
25,490 
Total assets less current liabilities
32,593 
36,352 
Creditors: amounts falling due after more than one year
(27,877)
(33,334)
Provisions for liabilities
Deferred tax
(3,449)
(2,716)
Net assets
1,267 
302 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,265 
300 
Shareholders' funds
1,267 
302 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by
M J Kenyon Director Company Registration No. 04593152
- 4 -
Finger Industries Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Finger Industries Limited is a private company, limited by shares, registered in England and Wales, registration number 04593152. The registered office is 192 Shoreham Street, Sheffield, South Yorkshire, S1 4SQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% on cost
Computer equipment
33% on cost
Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
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 statement of financial position date.
- 5 -
Finger Industries Limited Notes to the Accounts for the year ended 31 October 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments. Financial Instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
4,496 
30,776 
132,951 
168,223 
Additions
- 
- 
6,481 
6,481 
At 31 October 2023
4,496 
30,776 
139,432 
174,704 
Depreciation
At 1 November 2022
4,496 
21,335 
131,530 
157,361 
Charge for the year
- 
711 
2,838 
3,549 
At 31 October 2023
4,496 
22,046 
134,368 
160,910 
Net book value
At 31 October 2023
- 
8,730 
5,064 
13,794 
At 31 October 2022
- 
9,441 
1,421 
10,862 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
161,562 
59,965 
Accrued income and prepayments
22,010 
- 
Other debtors
- 
85,246 
183,572 
145,211 
- 6 -
Finger Industries Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,333 
8,333 
VAT
19,479 
- 
Trade creditors
55,918 
5,712 
Taxes and social security
45,742 
53,131 
Other creditors
117,406 
96,544 
Loans from directors
153 
- 
Accruals
6,245 
- 
253,276 
163,720 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,877 
33,334 
8
Loans to directors
During the year advances and credits were made to directors with a market rate of interest charged. At the balance sheet date the balance was £nil (2022: £77,044).
9
Average number of employees
During the year the average number of employees was 10 (2022: 9).
- 7 -