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REGISTERED NUMBER: 03264074 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st January 2024

for

Finalscale Limited

Finalscale Limited (Registered number: 03264074)






Contents of the Financial Statements
for the year ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Finalscale Limited

Company Information
for the year ended 31st January 2024







DIRECTOR: Mr P Cliff



REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE



REGISTERED NUMBER: 03264074 (England and Wales)



ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE



BANKERS: Lloyds TSB
Corporation Street
Blackpool

Finalscale Limited (Registered number: 03264074)

Balance Sheet
31st January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,599 1,881

CURRENT ASSETS
Debtors 5 9,292 7,817
Cash at bank 135,080 108,512
144,372 116,329
CREDITORS
Amounts falling due within one year 6 21,575 29,541
NET CURRENT ASSETS 122,797 86,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,396

88,669

PROVISIONS FOR LIABILITIES 328 357
NET ASSETS 124,068 88,312

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,968 88,212
SHAREHOLDERS' FUNDS 124,068 88,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

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.

Finalscale Limited (Registered number: 03264074)

Balance Sheet - continued
31st January 2024



The financial statements were approved by the director and authorised for issue on 30th October 2024 and were signed by:





Mr P Cliff - Director


Finalscale Limited (Registered number: 03264074)

Notes to the Financial Statements
for the year ended 31st January 2024

1. STATUTORY INFORMATION

Finalscale 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.

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.
Plant and machinery etc - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Finalscale Limited (Registered number: 03264074)

Notes to the Financial Statements - continued
for the year ended 31st January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023
and 31st January 2024 14,985
DEPRECIATION
At 1st February 2023 13,104
Charge for year 282
At 31st January 2024 13,386
NET BOOK VALUE
At 31st January 2024 1,599
At 31st January 2023 1,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,292 7,817

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 19,701 16,364
Other creditors 1,874 13,177
21,575 29,541

7. RELATED PARTY DISCLOSURES

The director has loaned the Company money on which no interest is charged by agreement. The balance outstanding on this loan at the accounting year end of £561 (2022 - £12,769) is included in creditors due within one year.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Cliff.