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REGISTERED NUMBER: 05328163 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

FACE2FACE SERVICES LIMITED

FACE2FACE SERVICES LIMITED (REGISTERED NUMBER: 05328163)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FACE2FACE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Miss R M Fareham





SECRETARY: P L J Fareham





REGISTERED OFFICE: Cliff Mead
96 Victoria Avenue
Shanklin
Isle of Wight
PO37 6QW





REGISTERED NUMBER: 05328163 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

FACE2FACE SERVICES LIMITED (REGISTERED NUMBER: 05328163)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,995 7,518
Investments 5 501 501
4,496 8,019

CURRENT ASSETS
Debtors 6 150,323 222,523
Cash at bank 103,495 159,051
253,818 381,574
CREDITORS
Amounts falling due within one year 7 34,387 26,891
NET CURRENT ASSETS 219,431 354,683
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,927

362,702

CREDITORS
Amounts falling due after more than one
year

8

-

31,894
NET ASSETS 223,927 330,808

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 223,807 330,688
SHAREHOLDERS' FUNDS 223,927 330,808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Miss R M Fareham - Director


FACE2FACE SERVICES LIMITED (REGISTERED NUMBER: 05328163)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Face2face Services 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 9 ) .

FACE2FACE SERVICES LIMITED (REGISTERED NUMBER: 05328163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 38,510 7,748 48,448 94,706
Disposals - (7,748 ) - (7,748 )
At 31 January 2024 38,510 - 48,448 86,958
DEPRECIATION
At 1 February 2023 36,831 5,552 44,805 87,188
Charge for year 419 - 908 1,327
Eliminated on disposal - (5,552 ) - (5,552 )
At 31 January 2024 37,250 - 45,713 82,963
NET BOOK VALUE
At 31 January 2024 1,260 - 2,735 3,995
At 31 January 2023 1,679 2,196 3,643 7,518

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 501
NET BOOK VALUE
At 31 January 2024 501
At 31 January 2023 501

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 16,245
Other debtors 41,020 206,278
Directors' loan accounts 106,278 -
Tax 3,025 -
150,323 222,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,281 10,072
Trade creditors 300 288
Tax - 51
Social security and other taxes 159 -
VAT 3 4,920
Other creditors - 541
Directors' loan accounts - 9,401
Accrued expenses 1,644 1,618
34,387 26,891

FACE2FACE SERVICES LIMITED (REGISTERED NUMBER: 05328163)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 10,072
Bank loans - 2-5 years - 21,822
- 31,894

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, Miss R Fareham's loan to the company inccreased. As at 31 January 2024, she owed the company £106,278 (2023; £9,401). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss R M Fareham.

This was by virtue of her 100% holding of the issued share capital.