1 June 2023 false No description of principal activity Taxfiler 2024.6 13400645business:PrivateLimitedCompanyLtd2023-06-012024-05-31 134006452023-05-31 134006452023-06-012024-05-31 13400645business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 13400645business:FilletedAccounts2023-06-012024-05-31 134006452024-05-31 13400645business:Director12023-06-012024-05-31 13400645business:RegisteredOffice2023-06-012024-05-31 134006452023-05-31 13400645core:WithinOneYear2024-05-31 13400645core:WithinOneYear2023-05-31 13400645core:AfterOneYear2024-05-31 13400645core:AfterOneYear2023-05-31 13400645core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 13400645core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 13400645core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 13400645core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 13400645core:PreviouslyStatedAmount2024-05-31 13400645core:PreviouslyStatedAmount2023-05-31 13400645business:SmallEntities2023-06-012024-05-31 13400645countries:EnglandWales2023-06-012024-05-31 13400645core:MotorVehicles2023-06-012024-05-31 13400645core:FurnitureFittings2023-06-012024-05-31 13400645core:ComputerEquipment2023-06-012024-05-31 13400645core:MotorVehicles2023-05-31 13400645core:FurnitureFittings2023-05-31 13400645core:ComputerEquipment2023-05-31 13400645core:MotorVehicles2024-05-31 13400645core:FurnitureFittings2024-05-31 13400645core:ComputerEquipment2024-05-31 134006452022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13400645 (England and Wales)
FQVC LIMITED Unaudited accounts for the year ended 31 May 2024
FQVC LIMITED Unaudited accounts Contents
Page
- 2 -
FQVC LIMITED Company Information for the year ended 31 May 2024
Director
Sebastian Powell
Company Number
13400645 (England and Wales)
Registered Office
3rd Floor 86-90 Paul Street London England EC2A 4NE United Kingdom
- 3 -
FQVC LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,462 
68,450 
Investments
6,677 
6,677 
62,139 
75,127 
Current assets
Debtors
303,373 
257,052 
Cash at bank and in hand
21,691 
38,890 
325,064 
295,942 
Creditors: amounts falling due within one year
(345,675)
(278,197)
Net current (liabilities)/assets
(20,611)
17,745 
Total assets less current liabilities
41,528 
92,872 
Creditors: amounts falling due after more than one year
(41,147)
(52,017)
Net assets
381 
40,855 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
380 
40,854 
Shareholders' funds
381 
40,855 
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2025 and were signed on its behalf by
Sebastian Powell Director Company Registration No. 13400645
- 4 -
FQVC LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
FQVC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13400645. The registered office is 3rd Floor 86-90 Paul Street, London, England, EC2A 4NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33.33% on straight line
Investments
Investments in shares are included at fair value.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
85,301 
- 
1,599 
86,900 
Additions
- 
2,472 
2,222 
4,694 
At 31 May 2024
85,301 
2,472 
3,821 
91,594 
Depreciation
At 1 June 2023
17,771 
- 
679 
18,450 
Charge for the year
16,883 
132 
667 
17,682 
At 31 May 2024
34,654 
132 
1,346 
36,132 
Net book value
At 31 May 2024
50,647 
2,340 
2,475 
55,462 
At 31 May 2023
67,530 
- 
920 
68,450 
- 5 -
FQVC LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Investments
Other investments 
£ 
Valuation at 1 June 2023
6,677 
Valuation at 31 May 2024
6,677 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
84,000 
25,230 
Other debtors
219,373 
231,822 
303,373 
257,052 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
20,643 
- 
VAT
86,473 
108,582 
Obligations under finance leases and hire purchase contracts
10,870 
8,776 
Trade creditors
207 
415 
Taxes and social security
142,482 
98,674 
Accruals
1,000 
1,000 
Deferred income
84,000 
60,750 
345,675 
278,197 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
41,147 
52,017 
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).
- 6 -