Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112132023-04-01truefalseThe principal activity of the Company during the period was the creation of events, targeted incentives and reward schemes for corporate customers through brand engagement consultancy.trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05540382 2023-04-01 2024-03-31 05540382 2022-04-01 2023-03-31 05540382 2024-03-31 05540382 2023-03-31 05540382 c:Director3 2023-04-01 2024-03-31 05540382 d:CurrentFinancialInstruments 2024-03-31 05540382 d:CurrentFinancialInstruments 2023-03-31 05540382 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 05540382 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05540382 d:ShareCapital 2024-03-31 05540382 d:ShareCapital 2023-03-31 05540382 d:RetainedEarningsAccumulatedLosses 2024-03-31 05540382 d:RetainedEarningsAccumulatedLosses 2023-03-31 05540382 c:FRS102 2023-04-01 2024-03-31 05540382 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05540382 c:FullAccounts 2023-04-01 2024-03-31 05540382 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05540382 2 2023-04-01 2024-03-31 05540382 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05540382









FMI AGENCY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FMI AGENCY LIMITED
REGISTERED NUMBER: 05540382

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
720
43,636

Debtors: amounts falling due within one year
 4 
443,776
104,624

Cash at bank and in hand
 5 
38,342
213,265

  
482,838
361,525

Creditors: amounts falling due within one year
 6 
(480,849)
(364,291)

Net current assets/(liabilities)
  
 
 
1,989
 
 
(2,766)

Total assets less current liabilities
  
1,989
(2,766)

  

Net assets/(liabilities)
  
1,989
(2,766)


Capital and reserves
  

Called up share capital 
  
1,050
1,050

Profit and loss account
  
939
(3,816)

  
1,989
(2,766)


Page 1

 
FMI AGENCY LIMITED
REGISTERED NUMBER: 05540382
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
C A Kier
Director

Date: 26 November 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FMI AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

FMI Agency Limited is a private company limited by shares, incorporated in England & Wales (registration number 05540382). Its registered office is 101 New Cavendish Street,1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
 
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
FMI AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 12).

Page 4

 
FMI AGENCY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
263,258
69,353

Amounts owed by group undertakings
164,945
-

Prepayments and accrued income
15,573
35,271

443,776
104,624



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
38,342
213,265

38,342
213,265



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
70,420
29,722

Amounts owed to group undertakings
-
63,475

Other taxation and social security
68,443
19,571

Accruals and deferred income
341,986
251,523

480,849
364,291


 
Page 5