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REGISTERED NUMBER: 05083103 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

FOSTERINGMATTERS LIMITED

FOSTERINGMATTERS LIMITED (REGISTERED NUMBER: 05083103)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOSTERINGMATTERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr G McKay
Mrs E Mckay
Mr M Castledine





SECRETARY: Mrs E Mckay





REGISTERED OFFICE: 10 College Green
Gloucester
GL1 2LX





REGISTERED NUMBER: 05083103 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

FOSTERINGMATTERS LIMITED (REGISTERED NUMBER: 05083103)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,157 4,469

CURRENT ASSETS
Debtors 5 333,445 262,041
Cash at bank and in hand 428,528 664,005
761,973 926,046
CREDITORS
Amounts falling due within one year 6 (147,171 ) (142,851 )
NET CURRENT ASSETS 614,802 783,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,959

787,664

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 620,956 787,661
SHAREHOLDERS' FUNDS 620,959 787,664

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

FOSTERINGMATTERS LIMITED (REGISTERED NUMBER: 05083103)

BALANCE SHEET - continued
31 March 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




Mrs E Mckay - Director



Mr M Castledine - Director


FOSTERINGMATTERS LIMITED (REGISTERED NUMBER: 05083103)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fosteringmatters 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimations used in preparing the financial statements.

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.
Computer equipment, fixtures and fittings - 25% on cost and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

FOSTERINGMATTERS LIMITED (REGISTERED NUMBER: 05083103)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment,
fixtures
and
fittings
£   
COST
At 1 April 2023 101,811
Additions 6,444
At 31 March 2024 108,255
DEPRECIATION
At 1 April 2023 97,342
Charge for year 4,756
At 31 March 2024 102,098
NET BOOK VALUE
At 31 March 2024 6,157
At 31 March 2023 4,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 296,041 233,384
Other debtors 37,404 28,657
333,445 262,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,358 643
Trade creditors 4,706 5,720
Taxation and social security 104,312 106,082
Other creditors 36,795 30,406
147,171 142,851