REGISTERED NUMBER: 03259687 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

FPA Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J E Barke

Mr I J Coates

SECRETARY:

Mr J E Barke

REGISTERED OFFICE:

1 St Andrew's House

Vernon Gate

Derby

DE1 1UJ

REGISTERED NUMBER:

03259687 (England and Wales)

AUDITORS:

Mabe Allen LLP

Chartered Accountants

Statutory Auditors

50 Osmaston Road

Derby

DE1 2HU

BANKERS:

National Westminster Bank Plc

58 St Peter's Street

Derby

Derbyshire

DE1 1XL

FIXED ASSETS

Tangible assets

4

479,500

438,128

CURRENT ASSETS

Debtors

5

284,650

328,216

Cash at bank

1,565,542

1,831,483

1,850,192

2,159,699

CREDITORS

Amounts falling due within one year

6

389,269

443,512

NET CURRENT ASSETS

1,460,923

1,716,187

TOTAL ASSETS LESS CURRENT LIABILITIES

1,940,423

2,154,315

PROVISIONS FOR LIABILITIES

8

6,841

9,163

NET ASSETS

1,933,582

2,145,152

CAPITAL AND RESERVES

Called up share capital

9

20,309

23,859

Revaluation reserve

10

297,149

240,749

Capital redemption reserve

35,691

32,141

Retained earnings

1,580,433

1,848,403

SHAREHOLDERS' FUNDS

1,933,582

2,145,152

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:

Mr J E Barke - Director

1.	STATUTORY INFORMATION

FPA Consulting 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 Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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 as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of the financial statement requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements have had the most significant effect on amounts recognised in the financial statements:-

Revaluation of land and buildings

The company carries its land and buildings at fair value with changes in fair value being recognised in comprehensive income. The current valuation used the most recent valuation report prepared by independent valuation specialists to determine fair value at 31 March 2025. The valuer made the assumption that the premises are in good repair and condition with no significant defect that would impact on the valuation. The valuer used a valuation technique which took account of the estimate of fair maintainable turnover and the marketability of the property. The determined fair value of the property is most sensitive to the estimated yield as well as the long term vacancy rate. The valuer has also taken into account the increase in interest rates, since the previous valuation took place, and the resulting impact these have on the economic environment in the UK as well as the commercial property market in general.

Income Recognition

The company assesses contract progress and determines the proportion of contract work completed at the balance sheet date in relation to the total contract works. The policy requires forecasts to be made on the projected outcomes of projects. These forecasts require assessments and judgements to be made on matters including the measurement and timing of revenue recognition. While the assumptions made are based on professional judgements, subsequent events may mean that estimates calculated prove to be inaccurate with a consequent effect on the reported results.

In respect of commissions received, management considers that the following factors indicate that the company acts as an agent:

- The company has no significant responsibility in respect of the services provided, and;

- All credit risk is borne by the supplier of the services, and;

- The company cannot vary the selling prices set by the supplier.

Revenue

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided to third parties in the normal course of business net of discounts, VAT and other sales related taxes. Revenue from services is recognised when services have been provided and the right to consideration has been earned. If services have been provided to third parties but no billing has been made, estimates are made of the amounts receivable. These estimates are based on the nature of the services supplied and contract terms.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Freehold Buildings

2% per annum of valuation

Office Equipment

33 1/3% per annum of cost

Computers

33 1/3% per annum of cost

Fixtures and Fittings

33 1/3% per annum of cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that the outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss account in other administrative expenses.

Leasing

Rentals payable under operating leases are charged to the Profit and Loss Account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Office

and

Computer

property

equipment

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 April 2024

420,000

10,281

31,352

204,534

666,167

Additions

-

-

-

1,465

1,465

Revaluations

50,000

-

-

-

50,000

At 31 March 2025

470,000

10,281

31,352

205,999

717,632

DEPRECIATION

At 1 April 2024

-

10,281

31,352

186,406

228,039

Charge for year

6,400

-

-

10,093

16,493

Revaluation adjustments

(6,400

)

-

-

-

(6,400

)

At 31 March 2025

-

10,281

31,352

196,499

238,132

NET BOOK VALUE

At 31 March 2025

470,000

-

-

9,500

479,500

At 31 March 2024

420,000

-

-

18,128

438,128

Included in cost or valuation of land and buildings is freehold land of £ 100,000 (2024 - £ 100,000 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Office

and

Computer

property

equipment

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2002

55,048

-

-

-

55,048

Valuation in 2006

145,000

-

-

-

145,000

Valuation in 2013

(110,000

)

-

-

-

(110,000

)

Valuation in 2021

(30,000

)

-

-

-

(30,000

)

Valuation in 2025

50,000

-

-

-

50,000

Cost

359,952

10,281

31,352

205,999

607,584

470,000

10,281

31,352

205,999

717,632

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

359,952

359,952

Aggregate depreciation

62,388

57,189

Freehold land and buildings were valued on the open market value basis on 31 March 2025 by Milner Commercial Chartered Surveyors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

213,432

242,738

Other debtors

1,509

1,509

Prepayments and accrued income

69,709

83,969

284,650

328,216

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

18,853

26,442

Corporation tax

47,429

62,425

Social security and other taxes

67,647

78,139

Other creditors

175,244

197,773

Accruals

80,096

78,733

389,269

443,512

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

1,738

4,228

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated Capital Allowances

6,841

9,163

Deferred

tax

£

Balance at 1 April 2024

9,163

Credit to Income Statement during year

(2,322

)

Balance at 31 March 2025

6,841

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20,309

Ordinary

£1

20,309

23,859

(2024 - 23,859 )

10.

RESERVES

Revaluation

reserve

£

At 1 April 2024

240,749

Surplus on revaluation

56,400

At 31 March 2025

297,149

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Higgins FCCA (Senior Statutory Auditor)

for and on behalf of Mabe Allen LLP

12.	FIXED ASSET INVESTMENTS

The company's investments at the balance sheet date in the share capital of companies include the following:

The Company is the Holding Company of First Procurement Limited, First Quality Solutions Limited, First Procurement Associates Limited and First Energy Solutions Limited, registered in England and Wales, all of which are Dormant and are carried at a value of £nil.