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Registered Number: 12565281
England and Wales

 

 

 

FRIENDLY FINANCE SERVICES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 4,026    4,737 
4,026    4,737 
Current assets      
Debtors 4 19,388    17,341 
Cash at bank and in hand 18,997    20,226 
38,385    37,567 
Creditors: amount falling due within one year 5 (13,109)   (18,025)
Net current assets 25,276    19,542 
 
Total assets less current liabilities 29,302    24,279 
Net assets 29,302    24,279 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 29,202    24,179 
Shareholders' funds 29,302    24,279 
 


For the year ended 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:
  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 directors acknowledge 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 January 2025 and were signed on its behalf by:


-------------------------------
Neil Simon Meyrick
Director
1
General Information
Friendly Finance Services Limited is a private company, limited by shares, registered in England and Wales, registration number 12565281, registration address 1 Triton Square, London, England, NW1 3DX.

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 directors believe that the company is experiencing good levels of sales and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer equipment 15%
2.

Average number of employees


Average number of employees during the year was 2 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 May 2023 5,862    5,862 
Additions  
Disposals  
At 30 April 2024 5,862    5,862 
Depreciation
At 01 May 2023 1,125    1,125 
Charge for year 711    711 
On disposals  
At 30 April 2024 1,836    1,836 
Net book values
Closing balance as at 30 April 2024 4,026    4,026 
Opening balance as at 01 May 2023 4,737    4,737 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 21,390    17,010 
Provision for Doubtful Debts (7,560)  
Prepayments & Accrued Income 657    331 
Directors' Current Accounts 4,901   
19,388    17,341 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 836    (251)
Corporation Tax 1,345    4,300 
Accrued Expenses 292    280 
Directors' Current Accounts   2,155 
VAT 10,636    11,541 
13,109    18,025 

2