Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity1010truetruefalse 06835126 2023-07-01 2024-06-30 06835126 2022-07-01 2023-06-30 06835126 2024-06-30 06835126 2023-06-30 06835126 c:Director1 2023-07-01 2024-06-30 06835126 d:FurnitureFittings 2023-07-01 2024-06-30 06835126 d:FurnitureFittings 2024-06-30 06835126 d:FurnitureFittings 2023-06-30 06835126 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06835126 d:ComputerEquipment 2023-07-01 2024-06-30 06835126 d:ComputerEquipment 2024-06-30 06835126 d:ComputerEquipment 2023-06-30 06835126 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06835126 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 06835126 d:CurrentFinancialInstruments 2024-06-30 06835126 d:CurrentFinancialInstruments 2023-06-30 06835126 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06835126 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06835126 d:ShareCapital 2024-06-30 06835126 d:ShareCapital 2023-06-30 06835126 d:RetainedEarningsAccumulatedLosses 2024-06-30 06835126 d:RetainedEarningsAccumulatedLosses 2023-06-30 06835126 c:FRS102 2023-07-01 2024-06-30 06835126 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 06835126 c:FullAccounts 2023-07-01 2024-06-30 06835126 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06835126 2 2023-07-01 2024-06-30 06835126 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06835126









FRANCIS SULTANA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
FRANCIS SULTANA LIMITED
REGISTERED NUMBER: 06835126

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
16,089
21,454

  
16,089
21,454

Current assets
  

Stocks
  
48,975
198,554

Debtors: amounts falling due within one year
 5 
1,575,649
1,055,763

Cash at bank and in hand
  
923,888
237,217

  
2,548,512
1,491,534

Creditors: amounts falling due within one year
 6 
(2,253,591)
(954,981)

Net current assets
  
 
 
294,921
 
 
536,553

Total assets less current liabilities
  
311,010
558,007

  

Net assets
  
311,010
558,007


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
310,910
557,907

  
311,010
558,007


Page 1

 
FRANCIS SULTANA LIMITED
REGISTERED NUMBER: 06835126
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



F Sultana
Director

Date: 27 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FRANCIS SULTANA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Francis Sultana Limied is a private company limited by shares and incorporated in England and Wales. Its registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Page 3

 
FRANCIS SULTANA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25% Reducing Balance
Computer equipment
-
25% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
FRANCIS SULTANA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
FRANCIS SULTANA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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



3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
32,174
34,607
66,781



At 30 June 2024

32,174
34,607
66,781



Depreciation


At 1 July 2023
26,167
19,160
45,327


Charge for the year on owned assets
1,502
3,863
5,365



At 30 June 2024

27,669
23,023
50,692



Net book value



At 30 June 2024
4,505
11,584
16,089



At 30 June 2023
6,007
15,447
21,454

Page 6

 
FRANCIS SULTANA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
864,314
578,327

Other debtors
486,673
250,000

Prepayments and accrued income
224,662
227,436

1,575,649
1,055,763



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
849,522
250,838

Trade creditors
613,903
551,714

Corporation tax
264,634
102,061

Other taxation and social security
17,319
36,992

Other creditors
71,538
876

Accruals and deferred income
436,675
12,500

2,253,591
954,981



7.


Pension commitments

The Company contributes to a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,010 (2023: £10,163). 

 
Page 7