Company Registration No. 13400645 (England and Wales)
FQVC LIMITED
Unaudited accounts
for the year ended 31 May 2024
FQVC LIMITED
Unaudited accounts
Contents
FQVC LIMITED
Company Information
for the year ended 31 May 2024
Company Number
13400645 (England and Wales)
Registered Office
3rd Floor 86-90 Paul Street
London
England
EC2A 4NE
United Kingdom
FQVC LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
55,462
68,450
Cash at bank and in hand
21,691
38,890
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)
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
FQVC LIMITED
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
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
At 31 May 2024
50,647
2,340
2,475
55,462
At 31 May 2023
67,530
-
920
68,450
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
Amounts falling due within one year
Trade debtors
84,000
25,230
Other debtors
219,373
231,822
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,643
-
Obligations under finance leases and hire purchase contracts
10,870
8,776
Taxes and social security
142,482
98,674
Deferred income
84,000
60,750
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).