IRIS Accounts Production v24.2.0.383 03937121 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039371212023-08-31039371212024-08-31039371212023-09-012024-08-31039371212022-08-31039371212022-09-012023-08-31039371212023-08-3103937121ns15:EnglandWales2023-09-012024-08-3103937121ns14:PoundSterling2023-09-012024-08-3103937121ns10:Director12023-09-012024-08-3103937121ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3103937121ns10:SmallEntities2023-09-012024-08-3103937121ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3103937121ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3103937121ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3103937121ns10:FullAccounts2023-09-012024-08-3103937121ns10:Director22023-09-012024-08-3103937121ns10:RegisteredOffice2023-09-012024-08-3103937121ns5:CurrentFinancialInstruments2024-08-3103937121ns5:CurrentFinancialInstruments2023-08-3103937121ns5:ShareCapital2024-08-3103937121ns5:ShareCapital2023-08-3103937121ns5:RetainedEarningsAccumulatedLosses2024-08-3103937121ns5:RetainedEarningsAccumulatedLosses2023-08-3103937121ns5:ComputerEquipment2023-09-012024-08-3103937121ns5:ComputerEquipment2023-08-3103937121ns5:ComputerEquipment2024-08-3103937121ns5:ComputerEquipment2023-08-3103937121ns5:CostValuation2023-08-3103937121ns5:DisposalsRepaymentsInvestments2024-08-3103937121ns5:CostValuation2024-08-3103937121ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3103937121ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3103937121ns5:WithinOneYear2024-08-3103937121ns5:WithinOneYear2023-08-3103937121ns5:BetweenOneFiveYears2024-08-3103937121ns5:BetweenOneFiveYears2023-08-3103937121ns5:MoreThanFiveYears2024-08-3103937121ns5:MoreThanFiveYears2023-08-3103937121ns5:AllPeriods2024-08-3103937121ns5:AllPeriods2023-08-3103937121ns5:RetainedEarningsAccumulatedLosses2023-08-3103937121ns5:RetainedEarningsAccumulatedLosses2023-09-012024-08-31
REGISTERED NUMBER: 03937121 (England and Wales)















Finangle Limited

Financial Statements for the Year Ended 31st August 2024






Finangle Limited (Registered number: 03937121)

Contents of the Financial Statements
for the Year Ended 31st August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Finangle Limited

Company Information
for the Year Ended 31st August 2024







DIRECTORS: D P de Laszlo
H S Mighell





REGISTERED OFFICE: 5 Albany Courtyard
Piccadilly
London
WIJ 0HF





REGISTERED NUMBER: 03937121 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Finangle Limited (Registered number: 03937121)

Balance Sheet
31st August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 - 19,500
- 19,500

CURRENT ASSETS
Debtors 6 113,813 166,068
Cash at bank 132,274 209,810
246,087 375,878
CREDITORS
Amounts falling due within one year 7 (36,692 ) (137,980 )
NET CURRENT ASSETS 209,395 237,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

209,395

257,398

CAPITAL AND RESERVES
Called up share capital 4,213,710 4,213,710
Retained earnings 9 (4,004,315 ) (3,956,312 )
SHAREHOLDERS' FUNDS 209,395 257,398

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

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

The directors acknowledge their 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.

Finangle Limited (Registered number: 03937121)

Balance Sheet - continued
31st August 2024


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 Board of Directors and authorised for issue on 7th November 2024 and were signed on its behalf by:





H S Mighell - Director


Finangle Limited (Registered number: 03937121)

Notes to the Financial Statements
for the Year Ended 31st August 2024


1. STATEMENT OF COMPLIANCE

Finangle Limited is a private company limited by shares and is incorporated in England and Wales, registration number 03937121. The registered office is 5 Albany Courtyard, Piccadilly, London, W1J 0HF.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements have been prepared under the historical convention, with investments held at market value.

Turnover
Turnover represents net invoiced sales of services and recharged expenses, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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.

Fixed asset investments
Listed investments are stated at market value.

Finangle Limited (Registered number: 03937121)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Income Statement when there is objective evidence that the asset is impaired.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st September 2023
and 31st August 2024 2,115
DEPRECIATION
At 1st September 2023
and 31st August 2024 2,115
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 -

Finangle Limited (Registered number: 03937121)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st September 2023 55,300
Disposals (55,300 )
At 31st August 2024 -
PROVISIONS
At 1st September 2023 35,800

Eliminated on disposal (35,800 )
At 31st August 2024 -
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 19,500

Fixed asset investments were disposed of during the year, the original cost was £55,300.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 28,406
Other debtors 53,719 52,219
VAT - 4,586
Prepayments and accrued income 60,094 80,857
113,813 166,068

Included within other debtors is £50,830 being a rent deposit held by the landlords of the premises from which the company operates. The deposit is subject to a fixed charge held by the landlords as security against all future rent payments.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Creditors - 36,790
Social security and other taxes 2,566 2,048
VAT 2,687 -
Directors' current accounts 7,131 8,285
Accruals and deferred income 24,308 90,857
36,692 137,980

Finangle Limited (Registered number: 03937121)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 74,508 118,778
Between one and five years 298,031 475,112
In more than five years 265,166 564,196
637,705 1,158,086

9. RESERVES
Retained
earnings
£   

At 1st September 2023 (3,956,312 )
Deficit for the year (48,003 )
At 31st August 2024 (4,004,315 )