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REGISTERED NUMBER: 04657167 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

FAST & EFFICIENT FINANCE LIMITED

FAST & EFFICIENT FINANCE LIMITED (REGISTERED NUMBER: 04657167)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FAST & EFFICIENT FINANCE LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs J Barton
Mrs S R Josty





SECRETARY: Mrs S R Josty





REGISTERED OFFICE: 15 Ty Gwyn Crescent
Cyncoed
Cardiff





REGISTERED NUMBER: 04657167 (England and Wales)

FAST & EFFICIENT FINANCE LIMITED (REGISTERED NUMBER: 04657167)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 278,300 318,511

CURRENT ASSETS
Debtors 5 1,446,000 1,451,682
Cash at bank 290,863 247,926
1,736,863 1,699,608
CREDITORS
Amounts falling due within one year 6 (1,438 ) (840 )
NET CURRENT ASSETS 1,735,425 1,698,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,013,725

2,017,279

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,013,723 2,017,277
SHAREHOLDERS' FUNDS 2,013,725 2,017,279

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

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

FAST & EFFICIENT FINANCE LIMITED (REGISTERED NUMBER: 04657167)

Balance Sheet - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:





Mrs J Barton - Director


FAST & EFFICIENT FINANCE LIMITED (REGISTERED NUMBER: 04657167)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Fast & Efficient Finance 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.

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.

Turnover
Fee income is recognised on an accruals basis and comprises amounts charged to customers in respect of servicing of loans.Fee income is recognised in the profit and loss account within other operating income.

Fee income ceases to be recognised where there is a reasonable doubt over its collectability.

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 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.

3. EMPLOYEES AND DIRECTORS

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

FAST & EFFICIENT FINANCE LIMITED (REGISTERED NUMBER: 04657167)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023 318,511
Disposals (40,211 )
At 31 July 2024 278,300
NET BOOK VALUE
At 31 July 2024 278,300
At 31 July 2023 318,511

List investments are £278,300 at cost. The market value of these investments at 31 July 2024 is £326,589.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,682
Money lending 1,446,000 1,450,000
1,446,000 1,451,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 538 -
Accrued expenses 900 840
1,438 840

7. RELATED PARTY DISCLOSURES

Mrs J. Barton and Mrs S. Josty are directors of N L Holdings Limited. The amount due from N L Holdings Limited is included in the accounts as loan debtors - money lending. The loan is repayable on demand. As at 31st July 2024 the amount due from N L Holdings Limited was £1,446,000 (2023 - £1,450,000).

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J. Barton.