2023-06-01 2024-05-31 false No description of principal activity Capium Accounts Production 1.1 08076402 bus:FullAccounts 2023-06-01 2024-05-31 08076402 bus:FRS102 2023-06-01 2024-05-31 08076402 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08076402 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08076402 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08076402 2023-06-01 2024-05-31 08076402 2024-05-31 08076402 bus:RegisteredOffice 2023-06-01 2024-05-31 08076402 core:WithinOneYear 2024-05-31 08076402 core:AfterOneYear 2024-05-31 08076402 bus:Director1 2023-06-01 2024-05-31 08076402 bus:Director1 2024-05-31 08076402 bus:Director1 2022-06-01 2023-05-31 08076402 2022-06-01 08076402 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 08076402 2022-06-01 2023-05-31 08076402 2023-05-31 08076402 core:WithinOneYear 2023-05-31 08076402 core:AfterOneYear 2023-05-31 08076402 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 08076402 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 08076402 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 08076402 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 08076402 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 08076402 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 08076402 core:Non-currentFinancialInstruments 2024-05-31 08076402 core:Non-currentFinancialInstruments 2023-05-31 08076402 core:ShareCapital 2024-05-31 08076402 core:ShareCapital 2023-05-31 08076402 core:RetainedEarningsAccumulatedLosses 2024-05-31 08076402 core:RetainedEarningsAccumulatedLosses 2023-05-31 08076402 dpl:Item1 2023-06-01 08076402 dpl:Item1 2024-05-31 08076402 dpl:Item1 2022-06-01 08076402 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 08076402
England and Wales

 

 

 

FINCOLE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Abu Ul Hassan Tajwer
Registered Number 08076402
Registered Office 9 Garford Street
London
E14 8JG
Accountants IAC Accountants Limited
Regal Court Business Centre
42-44 High Street
Slough, England
SL1 1EL
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 3,532   
Investments 4 100    100 
3,632    100 
Current assets      
Creditors: amount falling due within one year 5 (4,285)  
Net current assets (4,285)  
 
Total assets less current liabilities (653)   100 
Net assets (653)   100 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (753)  
Shareholders' funds (653)   100 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 07 November 2024 and were signed by:


-------------------------------
Abu Ul Hassan Tajwer
Director
2
General Information
Fincole Limited is a private company, limited by shares, registered in England and Wales, registration number 08076402, registration address 9 Garford Street, London, E14 8JG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The director has confirmed that he will continue to give financial support to the company until such time as its position improves. The director consider that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.


Deferred tax is measured using 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.

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.


Current and deferred tax assets and liabilities are not discounted.
Trade Mark
Trade Mark is stated at cost less amortization. Amortization is calculated on a straight line basis over the estimated expected useful economic life of the Trade Mark of 10 years.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Intangible fixed assets

Cost Trade Mark   Total
  £   £
At 01 June 2023  
Additions 3,925    3,925 
Disposals  
At 31 May 2024 3,925    3,925 
Amortisation
At 01 June 2023  
Charge for year 393    393 
On disposals  
At 31 May 2024 393    393 
Net book values
At 31 May 2024 3,532    3,532 
At 31 May 2023  


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 June 2023 100    100 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 May 2024 100    100 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Accrued Expenses 360   
Other Creditors 3,925   
4,285   

6.

Related Party Transactions

Creditors due within one year include an interest free amount of £3,925 (2023 - £Nil) due to connected company in which the director has controlling interest.
3