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Company registration number: 03284649
FELBRIDGE MANAGEMENT SERVICES LIMITED
Unaudited abridged financial statements
31 March 2024
FELBRIDGE MANAGEMENT SERVICES LIMITED
Contents
Directors and other information
Directors report
Accountant's report
Statement of comprehensive income
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
FELBRIDGE MANAGEMENT SERVICES LIMITED
Directors and other information
Directors Mr A Tonge
Mrs A Tonge
Secretary Mrs A Tonge
Company number 03284649
Registered office 69-75 Boston Manor Road
Brentford
Middlesex
TW8 9JJ
Business address Altons, The Limes
Felbridge
West Sussex
RH19 2QY
Accountant SPC Nathans
69-75 Boston Manor Road
Brentford
Middlesex
TW8 9JJ
FELBRIDGE MANAGEMENT SERVICES LIMITED
Directors report
Year ended 31 March 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2024.
Directors
The directors who served the company during the year were as follows:
Mr A Tonge
Mrs A Tonge
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 19 November 2024 and signed on behalf of the board by:
Mr A Tonge
Director
FELBRIDGE MANAGEMENT SERVICES LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of FELBRIDGE MANAGEMENT SERVICES LIMITED
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of FELBRIDGE MANAGEMENT SERVICES LIMITED for the year ended 31 March 2024 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
My work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
SPC Nathans
Chartered Certified Accountants
69-75 Boston Manor Road
Brentford
Middlesex
TW8 9JJ
19 November 2024
FELBRIDGE MANAGEMENT SERVICES LIMITED
Statement of comprehensive income
Year ended 31 March 2024
2024 2023
Note £ £
Turnover 19,305 18,908
Other operating income 1,725 725
_______ _______
21,030 19,633
Depreciation and other amounts written off tangible and intangible fixed assets ( 6,692) ( 262)
Other operating expenses ( 16,918) ( 10,844)
_______ _______
Operating (loss)/profit ( 2,580) 8,527
_______ _______
(Loss)/profit before taxation ( 2,580) 8,527
Tax on (loss)/profit ( 391) ( 1,021)
_______ _______
(Loss)/profit for the financial year and total comprehensive income ( 2,971) 7,506
_______ _______
All the activities of the company are from continuing operations.
FELBRIDGE MANAGEMENT SERVICES LIMITED
Abridged statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 43,291 30,321
_______ _______
43,291 30,321
Current assets
Debtors 12,667 3,140
Cash at bank and in hand 59,783 62,637
_______ _______
72,450 65,777
Creditors: amounts falling due
within one year ( 43,279) ( 20,665)
_______ _______
Net current assets 29,171 45,112
_______ _______
Total assets less current liabilities 72,462 75,433
_______ _______
Net assets 72,462 75,433
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 72,460 75,431
_______ _______
Shareholders funds 72,462 75,433
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 19 November 2024 , and are signed on behalf of the board by:
Mr A Tonge
Director
Company registration number: 03284649
FELBRIDGE MANAGEMENT SERVICES LIMITED
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2022 2 67,925 67,927
(Loss)/profit for the year 7,506 7,506
_______ _______ _______
Total comprehensive income for the year - 7,506 7,506
_______ _______ _______
At 31 March 2023 and 1 April 2023 2 75,431 75,433
(Loss)/profit for the year ( 2,971) ( 2,971)
_______ _______ _______
Total comprehensive income for the year - ( 2,971) ( 2,971)
_______ _______ _______
At 31 March 2024 2 72,460 72,462
_______ _______ _______
FELBRIDGE MANAGEMENT SERVICES LIMITED
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 69-75 Boston Manor Road, Brentford, Middlesex, TW8 9JJ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 6,692 262
_______ _______
6. Tangible assets
£
Cost
At 1 April 2023 36,669
Additions 27,000
Disposals ( 10,550)
_______
At 31 March 2024 53,119
_______
Depreciation
At 1 April 2023 6,348
Charge for the year 6,692
Disposals ( 3,212)
_______
At 31 March 2024 9,828
_______
Carrying amount
At 31 March 2024 43,291
_______
At 31 March 2023 30,321
_______
7. Directors advances, credits and guarantees
None