| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| for |
| FINCH PM LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| for |
| FINCH PM LIMITED |
| FINCH PM LIMITED (REGISTERED NUMBER: 05003903) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| FINCH PM LIMITED |
| Company Information |
| for the Year Ended 28 February 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Station House |
| Station Approach |
| East Horsley |
| Leatherhead |
| Surrey |
| KT24 6QX |
| FINCH PM LIMITED (REGISTERED NUMBER: 05003903) |
| Balance Sheet |
| 28 February 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| FINCH PM LIMITED (REGISTERED NUMBER: 05003903) |
| Balance Sheet - continued |
| 28 February 2025 |
| The financial statements were approved by the director and authorised for issue on |
| FINCH PM LIMITED (REGISTERED NUMBER: 05003903) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2025 |
| 1. | STATUTORY INFORMATION |
| Finch PM Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of 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. |
| Research and development |
| Research and development costs are stated at cost less accumulated amortisation and accumulated impairment losses. |
| Amortisation is calculated, using the straight line method, to allocate the depreciable life of the assets to their residual values over the estimated useful lives as follows: |
| Software: 5 years |
| Where factors such as technological advancement or changes in market price, indicate that the residual value, useful life or amortisation rates have changed these are amended to reflect the new circumstances. |
| The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. |
| Costs associated with maintaining the computer software are recognised as an expenses when incurred. |
| Software development costs are recognised as an intangible asset when all of the following criteria are demonstrated: |
| - The technical feasibility of completing the software so that it will be available for |
| use or sale. |
| - The intention to complete the software and use or sell it. |
| - The ability to use the software or to sell it. |
| - How the software will generate probable future economic benefits. |
| - The availability of adequate technical, financial and other resources to complete the |
| development and to use or sell the software. |
| - The ability to measure reliably the expenditure attributable to the software during |
| Other development expenditure that does not meet these criteria are recognised as an expense when incurred. |
| Research and development |
| Tangible fixed assets |
| Equipment | - |
| Fixtures and fittings | - |
| FINCH PM LIMITED (REGISTERED NUMBER: 05003903) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Developmen |
| costs |
| £ |
| COST |
| At 1 March 2024 |
| and 28 February 2025 |
| AMORTISATION |
| At 1 March 2024 |
| and 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| Equipment | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2024 |
| Additions |
| At 28 February 2025 |
| DEPRECIATION |
| At 1 March 2024 |
| Charge for year |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| FINCH PM LIMITED (REGISTERED NUMBER: 05003903) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2025 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 March 2024 |
| and 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bounce Back Loan |