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Company Registration No. 07496275 (England and Wales)
FINANCIALS DIRECT LTD Unaudited accounts for the year ended 31 January 2024
FINANCIALS DIRECT LTD Unaudited accounts Contents
Page
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FINANCIALS DIRECT LTD Company Information for the year ended 31 January 2024
Director
Aatif Malik
Company Number
07496275 (England and Wales)
Registered Office
Apex House, Calthrope Road Birmingham England B15 1TR United Kingdom
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FINANCIALS DIRECT LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,712 
2,524 
Current assets
Debtors
27,852 
26,859 
Cash at bank and in hand
5,850 
2,258 
33,702 
29,117 
Creditors: amounts falling due within one year
(38,160)
(34,221)
Net current liabilities
(4,458)
(5,104)
Net liabilities
(2,746)
(2,580)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,747)
(2,581)
Shareholders' funds
(2,746)
(2,580)
For the year ending 31 January 2024 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 director acknowledges his 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 and authorised for issue on 30 October 2024 and were signed on its behalf by
Aatif Malik Director Company Registration No. 07496275
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FINANCIALS DIRECT LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
FINANCIALS DIRECT LTD is a private company, limited by shares, registered in England and Wales, registration number 07496275. The registered office is Apex House, , Calthrope Road, Birmingham, England, B15 1TR, United Kingdom.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Straight Line
Computer equipment
10% Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
800 
7,320 
8,120 
At 31 January 2024
800 
7,320 
8,120 
Depreciation
At 1 February 2023
600 
4,996 
5,596 
Charge for the year
80 
732 
812 
At 31 January 2024
680 
5,728 
6,408 
Net book value
At 31 January 2024
120 
1,592 
1,712 
At 31 January 2023
200 
2,324 
2,524 
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FINANCIALS DIRECT LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,852 
26,859 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
29,885 
21,669 
Other creditors
4,158 
5,894 
Deferred income
4,117 
6,658 
38,160 
34,221 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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