Funding Your Invoice Ltd - Filleted accounts

Funding Your Invoice Ltd
Registered number:		13542804
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Debtors	3	308,404			1,196,871
		308,404			1,196,871

Creditors: amounts falling due within one year	4	(910,706)			(1,586,121)

Net current liabilities			(602,302)			(389,250)

Total assets less current liabilities			(602,302)			(389,250)

Net liabilities			(602,302)			(389,250)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(602,402)			(389,350)

Shareholder's funds			(602,302)			(389,250)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr S Santos
Director
Approved by the board on 25 September 2025

Funding Your Invoice Ltd
Notes to the Accounts
for the year ended 31 December 2024

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The company advances funds to businesses on an invoice-by-invoice basis. There is a credit risk that the advance will not be recovered in full and impairment losses for any bad and doubtful debts are recognised separately.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.







1	Accounting policies (continued)

	Going Concern
	In accordance with their responsibilities as directors, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. The financial statements have been prepared on the going concern basis as the directors have expressed a willingness to provide the necessary financial support so that the company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements.

2	Employees	2024		2023
Number			Number

	Average number of persons (including directors) employed by the company	2		2


3	Debtors	2024		2023
£			£

	Trade debtors	-		63,034
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	84,569		-
	Amounts recoverable on contracts	223,835		1,133,837
		308,404		1,196,871

	Amounts recoverabe on contracts are secured by personal guarantees and charges made in the ordinary course of business.


4	Creditors: amounts falling due within one year	2024		2023
£			£

	Trade creditors	1,080		563
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	777,436		1,163,770
	Taxation and social security costs	2,549		7,368
	Other creditors	129,641		414,420
		910,706		1,586,121


5	Other information

	Funding Your Invoice Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	104 Roebuck Road
	Chessington
	England
	KT9 1EU