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REGISTERED NUMBER: 05895083 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

FINANCIAL EXPERIENCE LIMITED

FINANCIAL EXPERIENCE LIMITED (REGISTERED NUMBER: 05895083)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FINANCIAL EXPERIENCE LIMITED

Company Information
FOR THE YEAR ENDED 30 APRIL 2024







Director: Mrs S Evans





Registered office: 1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ





Registered number: 05895083 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

FINANCIAL EXPERIENCE LIMITED (REGISTERED NUMBER: 05895083)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,714 18,850

CURRENT ASSETS
Debtors 5 248,492 225,810
Cash at bank 138 1,587
248,630 227,397
CREDITORS
Amounts falling due within one year 6 252,894 178,589
NET CURRENT (LIABILITIES)/ASSETS (4,264 ) 48,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,450

67,658

CREDITORS
Amounts falling due after more than one
year

7

6,390

34,173
NET ASSETS 5,060 33,485

CAPITAL AND RESERVES
Called up share capital 8 5,000 5,000
Retained earnings 60 28,485
SHAREHOLDERS' FUNDS 5,060 33,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 November 2024 and were signed by:





Mrs S Evans - Director


FINANCIAL EXPERIENCE LIMITED (REGISTERED NUMBER: 05895083)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Financial Experience 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.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 - 3 ) .

FINANCIAL EXPERIENCE LIMITED (REGISTERED NUMBER: 05895083)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 7,028 60,069 32,597 99,694
Additions - - 20,564 20,564
Disposals - - (20,564 ) (20,564 )
At 30 April 2024 7,028 60,069 32,597 99,694
DEPRECIATION
At 1 May 2023 1,280 54,480 25,084 80,844
Charge for year 140 1,118 1,878 3,136
At 30 April 2024 1,420 55,598 26,962 83,980
NET BOOK VALUE
At 30 April 2024 5,608 4,471 5,635 15,714
At 30 April 2023 5,748 5,589 7,513 18,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 248,492 225,810

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 20,000 17,268
Hire purchase contracts - 3,818
Taxation and social security 6,981 6,263
Other creditors 225,913 151,240
252,894 178,589

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 6,390 34,173

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
5,000 Ordinary £1 5,000 5,000

FINANCIAL EXPERIENCE LIMITED (REGISTERED NUMBER: 05895083)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2024 and the period ended 30 April 2023:

30.4.24 30.4.23
£    £   
Mrs S Evans
Balance outstanding at start of year (312 ) (22,560 )
Amounts advanced (11,733 ) (10,752 )
Amounts repaid 31,790 33,000
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,745 (312 )