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Registered Number: 13499510
England and Wales

 

 

 

FINCRA TECHNOLOGIES LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

FINCRA TECHNOLOGIES LIMITED
Contents Page
For the year ended 31 December 2024
Report to the directors on the preparation of the unaudited statutory accounts of Fincra Technologies Limited for the year ended 31 December 2024.
We have not been instructed to carry out an audit or a review of the accounts of Fincra Technologies 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. 


Accountancy Enterprise Ltd
71-75 Shelton Street
Covent Garden
WC2H 9JQ
29 September 2025
1
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 3,161    2,865 
3,161    2,865 
Current assets      
Debtors 5,529    10 
Creditors: amount falling due within one year (2,525)   (131,536)
Net current assets 3,004    (131,526)
 
Total assets less current liabilities 6,165    (128,661)
Creditors: amount falling due after more than one year (417,577)   0 
Net assets (411,412)   (128,661)
 

Capital and reserves 		     
Called up share capital 4 10    10 
Other Comprehensive Income 5 (860)   0 
Profit and loss account (410,562)   (128,671)
Shareholders' funds (411,412)   (128,661)
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 September 2025 and were signed on its behalf by:


-------------------------------
Peter Obinwanne Owunna
Director
2
General Information
Fincra Technologies Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company's Information page.

The financial statements are prepared in sterling which is the functional currency of the company.
1.

Accounting policies

Significant accounting policies
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 3 years
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 January 2024 4,298    4,298 
Additions 2,593    2,593 
Disposals -    - 
At 31 December 2024 6,891    6,891 
Depreciation
At 01 January 2024 1,433    1,433 
Charge for year 2,297    2,297 
On disposals -    - 
At 31 December 2024 3,730    3,730 
Net book values
Closing balance as at 31 December 2024 3,161    3,161 
Opening balance as at 01 January 2024 2,865    2,865 


4.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
10 Class A shares of £1.00 each 10    10 
10    10 

5.

Other Comprehensive Income

2024
£		   2023
£
Foreign currency adjustments (860)   0 
(860)   0 

3