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Registration number: 10969694

5F Professional Services Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

5F Professional Services Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

5F Professional Services Limited

(Registration number: 10969694)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

150,228

117,025

Other financial assets

5

100

-

 

150,328

117,025

Current assets

 

Debtors

360,043

19,983

Cash at bank and in hand

 

1,792

15,519

 

361,835

35,502

Creditors: Amounts falling due within one year

6

(479,096)

(141,736)

Net current liabilities

 

(117,261)

(106,234)

Total assets less current liabilities

 

33,067

10,791

Creditors: Amounts falling due after more than one year

7

(46,795)

(9,467)

Provisions for liabilities

(6,312)

(2,232)

Net liabilities

 

(20,040)

(908)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(20,140)

(1,008)

Total equity

 

(20,040)

(908)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 9 April 2025
 

Mr S Cooke

Director

 

5F Professional Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Stables
Shaw Lane
Beckwithshaw
Harrogate
HG3 1QZ

These financial statements were authorised for issue by the director on 9 April 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 30 September 2024, an amount is owed to the director, who has agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing balance

Plant and Machinery

25% Straight line

Fixtures and Fittings

25% Straight line

 

5F Professional Services Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 October 2023

217,996

Additions

95,783

Disposals

(38,500)

At 30 September 2024

275,279

Depreciation

At 1 October 2023

100,972

Charge for the year

46,337

Eliminated on disposal

(22,258)

At 30 September 2024

125,051

Carrying amount

At 30 September 2024

150,228

At 30 September 2023

117,025

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Additions

100

100

At 30 September 2024

100

100

Carrying amount

At 30 September 2024

100

100

6

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £12,000 (2023 - £5,100).

7

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £46,795 (2023 - £9,467).