Fastleansmart UK Limited - Filleted accounts

Registered number

08167364

Fastleansmart UK Limited

Filleted Accounts

For the year ended 31 December 2024

Fastleansmart UK Limited
Registered number:		08167364
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		8,867			12,532

Current assets
Debtors	4	2,522,163			1,484,724
Cash at bank and in hand		601,116			887,001
		3,123,279			2,371,725

Creditors: amounts falling due within one year	5	(2,181,806)			(1,416,234)

Net current assets			941,473			955,491

Total assets less current liabilities			950,340			968,023

Provisions for liabilities			(2,218)			(3,134)

Net assets			948,122			964,889

Capital and reserves
Called up share capital			125			125
Profit and loss account			947,997			964,764

Shareholders' funds			948,122			964,889

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Approved by the board on 23 May 2025




J B Squire
Director

Fastleansmart UK Limited
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.

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings and equipment	25% per annum on cost


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price).

	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. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	Contributions to staff defined pension plans are expensed in the period to which they relate.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		15		14




3	Tangible fixed assets
					Fixtures fittings and equipment
£
	Cost
	At 1 January 2024				28,210
	Additions				1,939
	Disposals				-
	At 31 December 2024				30,149

	Depreciation
	At 1 January 2024				15,678
	Charge for the year				5,604
	At 31 December 2024				21,282

	Net book value
	At 31 December 2024				8,867
	At 31 December 2023				12,532




4	Debtors		2024		2023
£				£

	Trade debtors		1,079,996		543,757
	Amounts owed by group undertakings		1,015,336		505,067
	Prepayments and accrued income		426,741		435,650
	Other debtors		90		250
			2,522,163		1,484,724


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

	Trade creditors		12,297		16,207
	Amounts owed to group undertakings		574,595		-
	Taxes and social security costs		758,389		478,814
	Accruals and deferred income		826,459		913,586
	Other creditors		10,066		7,627
			2,181,806		1,416,234


6	Controlling party

	The company is controlled by Solvares Group Gmbh.



7	Other information

	Fastleansmart UK Limited is a private company limited by shares and incorporated in England. Its registered office is Merlin House, Brunel Road, Theale, Reading, RG7 4AB.