REGISTERED NUMBER: 06609330 (England and Wales)

FIRST CAPITAL INDEPENDENT FINANCIAL

ADVISERS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

J R Beck

REGISTERED OFFICE:

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

REGISTERED NUMBER:

06609330 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

231,075

223,569

231,075

223,569

CURRENT ASSETS

Debtors

5

20,570

8,218

Cash at bank and in hand

364,815

565,757

385,385

573,975

CREDITORS

Amounts falling due within one year

6

582,918

597,014

NET CURRENT LIABILITIES

(197,533

)

(23,039

)

TOTAL ASSETS LESS CURRENT LIABILITIES

33,542

200,530

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

33,442

200,430

SHAREHOLDERS' FUNDS

33,542

200,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2025 and were signed by:

J R Beck - Director

1.	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 historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,072,505

AMORTISATION

At 1 January 2024

and 31 December 2024

1,072,505

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 January 2024

232,395

105,276

337,671

Additions

-

24,120

24,120

At 31 December 2024

232,395

129,396

361,791

DEPRECIATION

At 1 January 2024

32,536

81,566

114,102

Charge for year

4,648

11,966

16,614

At 31 December 2024

37,184

93,532

130,716

NET BOOK VALUE

At 31 December 2024

195,211

35,864

231,075

At 31 December 2023

199,859

23,710

223,569

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Other debtors

19,220

8,218

Amounts falling due after more than one year:

Other debtors

1,350

-

Aggregate amounts

20,570

8,218

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

324,000

370,000

Taxation and social security

131,139

125,916

Other creditors

127,779

101,098

582,918

597,014

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J R Beck

Balance outstanding at start of year

-

-

Amounts advanced

4,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,000

-