2023-06-012024-05-312024-05-31false08838304FISCALE LIMITED2025-02-2469203falseiso4217:GBPxbrli:pure088383042023-06-01088383042024-05-31088383042023-06-012024-05-31088383042022-06-01088383042023-05-31088383042022-06-012023-05-3108838304bus:SmallEntities2023-06-012024-05-3108838304bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3108838304bus:AbridgedAccounts2023-06-012024-05-3108838304bus:PrivateLimitedCompanyLtd2023-06-012024-05-3108838304core:WithinOneYear2024-05-3108838304core:AfterOneYear2024-05-3108838304core:WithinOneYear2023-05-3108838304core:AfterOneYear2023-05-3108838304core:ShareCapital2024-05-3108838304core:SharePremium2024-05-3108838304core:RevaluationReserve2024-05-3108838304core:OtherReservesSubtotal2024-05-3108838304core:RetainedEarningsAccumulatedLosses2024-05-3108838304core:ShareCapital2023-05-3108838304core:SharePremium2023-05-3108838304core:RevaluationReserve2023-05-3108838304core:OtherReservesSubtotal2023-05-3108838304core:RetainedEarningsAccumulatedLosses2023-05-3108838304core:LandBuildings2024-05-3108838304core:PlantMachinery2024-05-3108838304core:Vehicles2024-05-3108838304core:FurnitureFittings2024-05-3108838304core:OfficeEquipment2024-05-3108838304core:NetGoodwill2024-05-3108838304core:IntangibleAssetsOtherThanGoodwill2024-05-3108838304core:ListedExchangeTraded2024-05-3108838304core:UnlistedNon-exchangeTraded2024-05-3108838304core:LandBuildings2023-05-3108838304core:PlantMachinery2023-05-3108838304core:Vehicles2023-05-3108838304core:FurnitureFittings2023-05-3108838304core:OfficeEquipment2023-05-3108838304core:NetGoodwill2023-05-3108838304core:IntangibleAssetsOtherThanGoodwill2023-05-3108838304core:ListedExchangeTraded2023-05-3108838304core:UnlistedNon-exchangeTraded2023-05-3108838304core:LandBuildings2023-06-012024-05-3108838304core:PlantMachinery2023-06-012024-05-3108838304core:Vehicles2023-06-012024-05-3108838304core:FurnitureFittings2023-06-012024-05-3108838304core:OfficeEquipment2023-06-012024-05-3108838304core:NetGoodwill2023-06-012024-05-3108838304core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3108838304core:ListedExchangeTraded2023-06-012024-05-3108838304core:UnlistedNon-exchangeTraded2023-06-012024-05-3108838304core:MoreThanFiveYears2023-06-012024-05-3108838304core:Non-currentFinancialInstruments2024-05-3108838304core:Non-currentFinancialInstruments2023-05-3108838304dpl:CostSales2023-06-012024-05-3108838304dpl:DistributionCosts2023-06-012024-05-3108838304core:LandBuildings2023-06-012024-05-3108838304core:PlantMachinery2023-06-012024-05-3108838304core:Vehicles2023-06-012024-05-3108838304core:FurnitureFittings2023-06-012024-05-3108838304core:OfficeEquipment2023-06-012024-05-3108838304dpl:AdministrativeExpenses2023-06-012024-05-3108838304core:NetGoodwill2023-06-012024-05-3108838304core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3108838304dpl:GroupUndertakings2023-06-012024-05-3108838304dpl:ParticipatingInterests2023-06-012024-05-3108838304dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3108838304core:ListedExchangeTraded2023-06-012024-05-3108838304dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3108838304core:UnlistedNon-exchangeTraded2023-06-012024-05-3108838304dpl:CostSales2022-06-012023-05-3108838304dpl:DistributionCosts2022-06-012023-05-3108838304core:LandBuildings2022-06-012023-05-3108838304core:PlantMachinery2022-06-012023-05-3108838304core:Vehicles2022-06-012023-05-3108838304core:FurnitureFittings2022-06-012023-05-3108838304core:OfficeEquipment2022-06-012023-05-3108838304dpl:AdministrativeExpenses2022-06-012023-05-3108838304core:NetGoodwill2022-06-012023-05-3108838304core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3108838304dpl:GroupUndertakings2022-06-012023-05-3108838304dpl:ParticipatingInterests2022-06-012023-05-3108838304dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3108838304core:ListedExchangeTraded2022-06-012023-05-3108838304dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3108838304core:UnlistedNon-exchangeTraded2022-06-012023-05-3108838304core:NetGoodwill2024-05-3108838304core:IntangibleAssetsOtherThanGoodwill2024-05-3108838304core:LandBuildings2024-05-3108838304core:PlantMachinery2024-05-3108838304core:Vehicles2024-05-3108838304core:FurnitureFittings2024-05-3108838304core:OfficeEquipment2024-05-3108838304core:AfterOneYear2024-05-3108838304core:WithinOneYear2024-05-3108838304core:ListedExchangeTraded2024-05-3108838304core:UnlistedNon-exchangeTraded2024-05-3108838304core:ShareCapital2024-05-3108838304core:SharePremium2024-05-3108838304core:RevaluationReserve2024-05-3108838304core:OtherReservesSubtotal2024-05-3108838304core:RetainedEarningsAccumulatedLosses2024-05-3108838304core:NetGoodwill2023-05-3108838304core:IntangibleAssetsOtherThanGoodwill2023-05-3108838304core:LandBuildings2023-05-3108838304core:PlantMachinery2023-05-3108838304core:Vehicles2023-05-3108838304core:FurnitureFittings2023-05-3108838304core:OfficeEquipment2023-05-3108838304core:AfterOneYear2023-05-3108838304core:WithinOneYear2023-05-3108838304core:ListedExchangeTraded2023-05-3108838304core:UnlistedNon-exchangeTraded2023-05-3108838304core:ShareCapital2023-05-3108838304core:SharePremium2023-05-3108838304core:RevaluationReserve2023-05-3108838304core:OtherReservesSubtotal2023-05-3108838304core:RetainedEarningsAccumulatedLosses2023-05-3108838304core:NetGoodwill2022-06-0108838304core:IntangibleAssetsOtherThanGoodwill2022-06-0108838304core:LandBuildings2022-06-0108838304core:PlantMachinery2022-06-0108838304core:Vehicles2022-06-0108838304core:FurnitureFittings2022-06-0108838304core:OfficeEquipment2022-06-0108838304core:AfterOneYear2022-06-0108838304core:WithinOneYear2022-06-0108838304core:ListedExchangeTraded2022-06-0108838304core:UnlistedNon-exchangeTraded2022-06-0108838304core:ShareCapital2022-06-0108838304core:SharePremium2022-06-0108838304core:RevaluationReserve2022-06-0108838304core:OtherReservesSubtotal2022-06-0108838304core:RetainedEarningsAccumulatedLosses2022-06-0108838304core:AfterOneYear2023-06-012024-05-3108838304core:WithinOneYear2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:CostValuation2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3108838304core:Non-currentFinancialInstrumentscore:CostValuation2024-05-3108838304core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-05-3108838304core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-05-3108838304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-05-3108838304core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-05-3108838304core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-05-3108838304core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-05-3108838304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-05-3108838304core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-05-3108838304core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3108838304core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3108838304core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3108838304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3108838304core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3108838304core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3108838304core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3108838304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3108838304core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3108838304bus:Director12023-06-012024-05-31

FISCALE LIMITED

Registered Number
08838304
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

FISCALE LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

MAYHEW, John Alan

Registered Address

The Old Post Office The Street
Great Wratting
Haverhill
CB9 7HQ

Place of Business

The Epicentre

Haverhill Research Park

Enterprise Way

Haverhill

CB9 7LR


Registered Number

08838304 (England and Wales)
FISCALE LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,73810,497
4,73810,497
Current assets
Debtors462,01093,948
Cash at bank and on hand230,536396,078
292,546490,026
Creditors amounts falling due within one year5(210,541)(150,782)
Net current assets (liabilities)82,005339,244
Total assets less current liabilities86,743349,741
Creditors amounts falling due after one year6(151,882)(199,807)
Provisions for liabilities7-(152,500)
Net assets(65,139)(2,566)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(66,139)(3,566)
Shareholders' funds(65,139)(2,566)
The financial statements were approved and authorised for issue by the Director on 24 February 2025, and are signed on its behalf by:
MAYHEW, John Alan
Director
Registered Company No. 08838304
FISCALE LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
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
The Director believes the Company continues to be a going concern and has prepared the accounts on this basis. A number of considerations have been taken into account when preparing forecasts for 2024/25 and 2025/26 linked to the recent favourable outcome of the FTT in which HMRC lost their significant claim against a client of the Company and has declined to appeal. As such, the Company expects future revenue to flow from this, and other similar cases brought by clients. In the interim, the shareholders will support the company following a restructure to reduce on going costs, whilst still being able to serve our existing and potential client base.
Turnover policy
Turnover comprises revenue recognised by the Company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts. Recognition of turnover is based upon the performance of contractual arrangements and is recognised upon agreement of claims by HMRC.
Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Employee benefits
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Depreciation is provided on the following basis:

Straight line (years)
Land and buildings5
Fixtures and fittings5
Office Equipment4
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
2.Average number of employees

20242023
Average number of employees during the year716
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 23102,728
Additions672
Disposals(91,169)
At 31 May 2412,231
Depreciation and impairment
At 01 June 2392,231
Charge for year3,620
On disposals(88,358)
At 31 May 247,493
Net book value
At 31 May 244,738
At 31 May 2310,497
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables19,86248,698
Other debtors2,9022,897
Prepayments and accrued income39,24642,353
Total62,01093,948
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables20,53736,272
Bank borrowings and overdrafts49,18547,686
Amounts owed to related parties85,01410,558
Taxation and social security20,97739,810
Other creditors772,053
Accrued liabilities and deferred income34,75114,403
Total210,541150,782
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts151,882199,807
Total151,882199,807
Bank loans totalling £201,067 (2023: £247,193) are secured by way of fixed and floating charges over the assets of the company.
7.Provisions for liabilities
The provision held in the prior year was made up of trade related cases where legal costs and fee reimbursements may have been required by the company. Following the recent favourable outcome of the FTT in which HMRC lost their significant claim against a client of the Company and their decision not to appeal, the provision has been released.

2024

2023

££
Other provisions-152,500
Total-152,500