Company Registration No. 08824498 (England and Wales)
FIERA CONTRACT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Lawfords Consulting Limited
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
FIERA CONTRACT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FIERA CONTRACT LIMITED
Company Registration No. 08824498
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
50,858
1,943
Current assets
Debtors
4
1,359,306
863,465
Cash at bank and in hand
596,798
190,953
1,956,104
1,054,418
Creditors: amounts falling due within one year
5
(1,184,841)
(493,129)
Net current assets
771,263
561,289
Total assets less current liabilities
822,121
563,232
Creditors: amounts falling due after more than one year
6
(19,772)
(18,337)
Net assets
802,349
544,895
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
802,249
544,795
Total equity
802,349
544,895

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

FIERA CONTRACT LIMITED
Company Registration No. 08824498
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 24 July 2025
M Sternieri
Director
FIERA CONTRACT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Fiera Contract Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor, 13 St Swithin's Lane, London, EC4N 8AL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for construction services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% straight line
Motor vehicles
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

FIERA CONTRACT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
FIERA CONTRACT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
3,670
Additions
56,687
At 31 December 2024
60,357
Depreciation and impairment
At 1 January 2024
1,727
Depreciation charged in the year
7,772
At 31 December 2024
9,499
Carrying amount
At 31 December 2024
50,858
At 31 December 2023
1,943
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,006,727
778,573
Other debtors
352,579
84,892
1,359,306
863,465
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
143,333
10,000
Trade creditors
359,575
158,384
Taxation and social security
479,853
227,715
Other creditors
202,080
97,030
1,184,841
493,129

Included in creditors due within one year is an unsecured bank loan of £10,000 (2023: £10,000)

 

Included in creditors due within one year is a hire purchase liability of £36,847 (2023: £Nil) which is secured against the assets as per note 1 above.

FIERA CONTRACT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
8,336
18,337
Other creditors
11,436
-
0
19,772
18,337

Included in creditors due after one year is an unsecured bank loan of £8,336 (2023: £18,337).

 

Included in creditors due after one year is a hire purchase liability of £11,436 (2023: £Nil) which is secured against the assets as per note 1 above.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Related party transactions

At the year end £2,183 (2023: £182) was owed by the director M Sternieri to the company. At the year end £30,000 (2023: £30,000) was owed by the company to the director F Sternieri. These amounts are interest free and repayable on demand.

2024-12-312024-01-01falsefalsefalse24 July 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityM SternieriG Aprovitolo088244982024-01-012024-12-31088244982024-12-31088244982023-12-3108824498core:OtherPropertyPlantEquipment2024-12-3108824498core:OtherPropertyPlantEquipment2023-12-3108824498core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3108824498core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3108824498core:Non-currentFinancialInstrumentscore:AfterOneYear2024-12-3108824498core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3108824498core:CurrentFinancialInstruments2024-12-3108824498core:CurrentFinancialInstruments2023-12-3108824498core:Non-currentFinancialInstruments2024-12-3108824498core:Non-currentFinancialInstruments2023-12-3108824498core:ShareCapital2024-12-3108824498core:ShareCapital2023-12-3108824498core:RetainedEarningsAccumulatedLosses2024-12-3108824498core:RetainedEarningsAccumulatedLosses2023-12-3108824498core:ShareCapitalOrdinaryShareClass12024-12-3108824498core:ShareCapitalOrdinaryShareClass12023-12-3108824498bus:Director12024-01-012024-12-3108824498core:MotorVehicles2024-01-012024-12-31088244982023-01-012023-12-3108824498core:OtherPropertyPlantEquipment2023-12-3108824498core:OtherPropertyPlantEquipment2024-01-012024-12-3108824498core:WithinOneYear2024-12-3108824498core:WithinOneYear2023-12-3108824498bus:OrdinaryShareClass12024-01-012024-12-3108824498bus:OrdinaryShareClass12024-12-3108824498bus:OrdinaryShareClass12023-12-3108824498bus:PrivateLimitedCompanyLtd2024-01-012024-12-3108824498bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108824498bus:FRS1022024-01-012024-12-3108824498bus:AuditExemptWithAccountantsReport2024-01-012024-12-3108824498bus:CompanySecretary12024-01-012024-12-3108824498bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP