Company registration number: 10437810
Unaudited financial statements
for the year ended 31 October 2024
for
Fids Consultancy Ltd
Pages for filing with the Registrar
Company registration number: 10437810
Fids Consultancy Ltd
Balance sheet
as at 31 October 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 4,336 3,846
Investments 5 623,123 475,551
627,459 479,397
Current assets
Debtors 897,172 631,784
Cash at bank and in hand 305,604 165,963
1,202,776 797,747
Creditors: amounts falling due within one
year
(228,478) (91,863)
Net current assets 974,298 705,884
Total assets less current liabilities 1,601,757 1,185,281
Provisions for liabilities (824) (731)
NET ASSETS 1,600,933 1,184,550
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,600,833 1,184,450
TOTAL EQUITY 1,600,933 1,184,550
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10437810
Fids Consultancy Ltd
Balance sheet - continued
as at 31 October 2024
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 July 2025 and signed on its behalf by:
Mr A Fidler, Director
29 July 2025
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Fids Consultancy Ltd
Notes to the financial statements
for the year ended 31 October 2024
1 Company information
Fids Consultancy Ltd is a private company registered in England and Wales. Its registered number is 10437810. The company is limited by shares. Its registered office is Hillier Hopkins LLP, 249 Silbury Boulevard, Milton Keynes, Buckinghamshire, MK9 1NA.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 33% straight line
Computer equipment - 25% straight line
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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Fids Consultancy Ltd
Notes to the financial statements - continued
for the year ended 31 October 2024
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 November 2023 9,159
Additions 1,987
At 31 October 2024 11,146
Depreciation
At 1 November 2023 5,313
Charge for year 1,497
At 31 October 2024 6,810
Net book value
At 31 October 2024 4,336
At 31 October 2023 3,846
If property, plant, and equipment had not been revalued, they would have been included at the following historical cost:
2024 2023
£ £
Cost 11,146 9,159
Accumulated depreciation 6,810 5,313
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Fids Consultancy Ltd
Notes to the financial statements - continued
for the year ended 31 October 2024
5 Fixed asset investments
Investments other than loans
Other
investments
other than
loans
£
Cost
At 1 November 2023 475,551
Additions 147,572
At 31 October 2024 623,123
Net book value
At 31 October 2024 623,123
At 31 October 2023 475,551
6 Advances, credit and guarantees granted to directors
The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023.
2024 2023
£ £
Balance outstanding at start of year 92,214 (401)
Amounts advanced - 92,615
Amounts repaid (95,324) -
Balance outstanding at end of year (3,110) 92,214
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