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REGISTERED NUMBER: 05292720 (England and Wales)












Financial Statements

for the Year Ended 31 August 2024

for

Federal Management Limited

Federal Management Limited (Registered number: 05292720)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Federal Management Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M A Curtis-Smith





REGISTERED OFFICE: 1c Maple Court
Maple View
Skelmersdale
WN8 9TW





REGISTERED NUMBER: 05292720 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Federal Management Limited (Registered number: 05292720)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 12,509 14,717

CURRENT ASSETS
Debtors 5 55,109 68,875
Cash at bank and in hand 99,412 122,663
154,521 191,538
CREDITORS
Amounts falling due within one year 6 138,112 169,005
NET CURRENT ASSETS 16,409 22,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,918

37,250

CREDITORS
Amounts falling due after more than one year 7 31,250 49,583
NET LIABILITIES (2,332 ) (12,333 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (3,332 ) (13,333 )
SHAREHOLDERS' FUNDS (2,332 ) (12,333 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Federal Management Limited (Registered number: 05292720)

Balance Sheet - continued
31 August 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 director and authorised for issue on 4 March 2025 and were signed by:





M A Curtis-Smith - Director


Federal Management Limited (Registered number: 05292720)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Federal Management 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.

The accounts have been prepared on the basis that the business is a going concern. The business is supported by the creditors and their continued support has been assumed for the next year. On this basis the business is considered to be a going concern and the accounts have been prepared accordingly.

Turnover
Revenue 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.
Fixtures and fittings - 15% on reducing balance

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 11 (2023 - 14 ) .

Federal Management Limited (Registered number: 05292720)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 34,743
DEPRECIATION
At 1 September 2023 20,026
Charge for year 2,208
At 31 August 2024 22,234
NET BOOK VALUE
At 31 August 2024 12,509
At 31 August 2023 14,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 31,659 45,425
Other debtors 23,450 23,450
55,109 68,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 18,333 18,333
Trade creditors 5,108 4,689
Social security and other taxes 21,938 18,598
Client monies held 92,733 122,885
Accrued expenses - 4,500
138,112 169,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 18,333 18,333
Bank loans - 2-5 years 12,917 31,250
31,250 49,583

Federal Management Limited (Registered number: 05292720)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. RELATED PARTY DISCLOSURES

The company rents premises on normal commercial terms from an associated company Curtis-Smith & Associates Limited. The charge in the accounts is £27,875 (2023: £27,500)