Company Registration No. 03618245 (England and Wales)
FEE CORPORATION LIMITED
Unaudited accounts
for the year ended 31 August 2024
FEE CORPORATION LIMITED
Unaudited accounts
Contents
FEE CORPORATION LIMITED
Company Information
for the year ended 31 August 2024
Director
Gloria Aiyesimoju
Secretary
Olaniyi Ogunsina
Company Number
03618245 (England and Wales)
Registered Office
47 Siebert Road
Blackhealth
London
SE3 7EJ
Accountants
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
FEE CORPORATION LIMITED
Accountants' report
Accountants' report to the director of FEE CORPORATION LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FEE CORPORATION LIMITED for the year ended
31 August 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FEE CORPORATION LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FEE CORPORATION LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FEE CORPORATION LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FEE CORPORATION LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FEE CORPORATION LIMITED. You consider that FEE CORPORATION LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FEE CORPORATION LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
29 May 2025
FEE CORPORATION LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
6,501
6,668
Cash at bank and in hand
38
65
Creditors: amounts falling due within one year
(35,324)
(34,286)
Net current liabilities
(34,711)
(33,646)
Total assets less current liabilities
(28,210)
(26,978)
Creditors: amounts falling due after more than one year
(97,826)
(97,826)
Net liabilities
(126,036)
(124,804)
Called up share capital
2
2
Profit and loss account
(126,038)
(124,806)
Shareholders' funds
(126,036)
(124,804)
For the year ending 31 August 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 her 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 29 May 2025 and were signed on its behalf by
Gloria Aiyesimoju
Director
Company Registration No. 03618245
FEE CORPORATION LIMITED
Notes to the Accounts
for the year ended 31 August 2024
FEE CORPORATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03618245. The registered office is 47 Siebert Road, Blackhealth, London, SE3 7EJ.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Other tangible fixed assets
20
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
FEE CORPORATION LIMITED
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
23,613
11,261
34,874
At 31 August 2024
23,613
11,261
34,874
At 1 September 2023
20,175
8,031
28,206
Charge for the year
86
81
167
At 31 August 2024
20,261
8,112
28,373
At 31 August 2024
3,352
3,149
6,501
At 31 August 2023
3,438
3,230
6,668
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
35,099
34,061
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts owed to group undertakings and other participating interests
97,826
97,826
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).