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Company No: 08237617 (England and Wales)

FWCM LIMITED

Unaudited Financial Statements
For the financial period from 01 November 2022 to 30 April 2024
Pages for filing with the registrar

FWCM LIMITED

Unaudited Financial Statements

For the financial period from 01 November 2022 to 30 April 2024

Contents

FWCM LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
FWCM LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 30.04.2024 31.10.2022
£ £
Current assets
Debtors 3 3,063 11,360
Cash at bank and in hand 4,387 4,387
7,450 15,747
Creditors: amounts falling due within one year 4 ( 7,439) ( 8,480)
Net current assets 11 7,267
Total assets less current liabilities 11 7,267
Net assets 11 7,267
Capital and reserves
Called-up share capital 5 10 10
Profit and loss account 1 7,257
Total shareholder's funds 11 7,267

For the financial period ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of FWCM Limited (registered number: 08237617) were approved and authorised for issue by the Board of Directors on 28 November 2024. They were signed on its behalf by:

Mr F W C Manning
Director
FWCM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 November 2022 to 30 April 2024
FWCM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 November 2022 to 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

FWCM Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Chy Nyverow, Newham Road, Truro, TR1 2DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The reporting period was 18 months from the 1st of October 2022 to the 30th April 2024

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

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

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
01.11.2022 to
30.04.2024
Year ended
31.10.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 1 1

3. Debtors

30.04.2024 31.10.2022
£ £
Amounts owed by directors 0 11,360
Other debtors 3,063 0
3,063 11,360

4. Creditors: amounts falling due within one year

30.04.2024 31.10.2022
£ £
Amounts owed to directors 4,170 0
Accruals 2,520 4,260
Taxation and social security 749 4,220
7,439 8,480

5. Called-up share capital

30.04.2024 31.10.2022
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10