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COMPANY REGISTRATION NUMBER: 04533509
FLS Tenant Referencing Services Ltd
Filleted Unaudited Financial Statements
30 September 2024
FLS Tenant Referencing Services Ltd
Financial Statements
Year ended 30 September 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
FLS Tenant Referencing Services Ltd
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
22,500
25,000
Tangible assets
6
8,522
93,259
--------
---------
31,022
118,259
Current assets
Debtors
7
19,208
27,480
Cash at bank and in hand
181,297
10,230
---------
--------
200,505
37,710
Creditors: amounts falling due within one year
8
187,159
139,528
---------
---------
Net current assets/(liabilities)
13,346
( 101,818)
--------
---------
Total assets less current liabilities
44,368
16,441
Creditors: amounts falling due after more than one year
9
6,665
16,667
--------
--------
Net assets/(liabilities)
37,703
( 226)
--------
--------
Capital and reserves
Called up share capital
4
2
Profit and loss account
37,699
( 228)
--------
----
Shareholders funds/(deficit)
37,703
( 226)
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FLS Tenant Referencing Services Ltd
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:
A C Attwood
Director
Company registration number: 04533509
FLS Tenant Referencing Services Ltd
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2-10% Straight line
Website development
-
20% straight line
Fixtures and fittings
-
20% straight line
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
25,000
--------
Amortisation
Charge for the year
2,500
--------
At 30 September 2024
2,500
--------
Carrying amount
At 30 September 2024
22,500
--------
At 30 September 2023
25,000
--------
6. Tangible assets
Freehold property
Website development
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
148,412
136,283
29,674
121,424
435,793
Additions
1,040
1,040
Disposals
( 148,412)
( 8,400)
( 156,812)
---------
---------
--------
---------
---------
At 30 September 2024
128,923
29,674
121,424
280,021
---------
---------
--------
---------
---------
Depreciation
At 1 October 2023
76,621
118,982
26,139
120,792
342,534
Charge for the year
2,177
7,940
1,424
632
12,173
Disposals
( 78,798)
( 4,410)
( 83,208)
---------
---------
--------
---------
---------
At 30 September 2024
122,512
27,563
121,424
271,499
---------
---------
--------
---------
---------
Carrying amount
At 30 September 2024
6,411
2,111
8,522
---------
---------
--------
---------
---------
At 30 September 2023
71,791
17,301
3,535
632
93,259
---------
---------
--------
---------
---------
7. Debtors
2024
2023
£
£
Trade debtors
14,738
14,730
Other debtors
4,470
12,750
--------
--------
19,208
27,480
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
19,476
12,599
Corporation tax
97,087
69,134
Social security and other taxes
51,462
43,986
Other creditors
9,134
3,809
---------
---------
187,159
139,528
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,665
16,667
-------
--------
10. Related party transactions
At the year end the company owed the directors £4,825 (2023: nil).