REGISTERED NUMBER: 01419902 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

FINANCIAL AND MANAGEMENT INFORMATION

SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J W F Clements

REGISTERED OFFICE:

167B John Wilson Business Park

Harvey Drive

Chestfield

Whitstable

Kent

CT5 3RA

REGISTERED NUMBER:

01419902 (England and Wales)

ACCOUNTANTS:

Kemp Carr Brown & Co.

55 East Street

Faversham

Kent

ME13 8AF

BANKERS:

H.S.B.C.

115 High Street

Sittingbourne

Kent

ME10 4AL

FIXED ASSETS

Intangible assets

4

960

1,424

Tangible assets

5

152,850

570,646

153,810

572,070

CURRENT ASSETS

Debtors

6

203,024

478,378

Cash at bank

402,688

1,002,471

605,712

1,480,849

CREDITORS

Amounts falling due within one year

7

591,358

442,775

NET CURRENT ASSETS

14,354

1,038,074

TOTAL ASSETS LESS CURRENT LIABILITIES

168,164

1,610,144

PROVISIONS FOR LIABILITIES

5,737

1,336

NET ASSETS

162,427

1,608,808

CAPITAL AND RESERVES

Called up share capital

100

200

Share premium

46,847

46,847

Retained earnings

115,480

1,561,761

SHAREHOLDERS' FUNDS

162,427

1,608,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 3 December 2025 and were signed by:

J W F Clements - Director

1.	STATUTORY INFORMATION

Financial and Management Information Systems 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.

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.

Turnover

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

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Long leasehold

-

10% on cost

Improvements to property

-

20% on cost

Office equipment

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on 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.

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 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Computer

costs

software

Totals

£

£

£

COST

At 1 June 2024

33,013

61,750

94,763

Additions

-

619

619

Disposals

(33,013

)

(37,432

)

(70,445

)

At 31 May 2025

-

24,937

24,937

AMORTISATION

At 1 June 2024

33,013

60,326

93,339

Amortisation for year

-

1,083

1,083

Eliminated on disposal

(33,013

)

(37,432

)

(70,445

)

At 31 May 2025

-

23,977

23,977

NET BOOK VALUE

At 31 May 2025

-

960

960

At 31 May 2024

-

1,424

1,424

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

leasehold

property

Website

£

£

£

COST

At 1 June 2024

597,124

1,526

11,629

Additions

-

5,301

-

Disposals

(445,542

)

-

(4,558

)

At 31 May 2025

151,582

6,827

7,071

DEPRECIATION

At 1 June 2024

46,035

1,526

11,517

Charge for year

3,209

41

113

Eliminated on disposal

(22,277

)

331

(4,558

)

At 31 May 2025

26,967

1,898

7,072

NET BOOK VALUE

At 31 May 2025

124,615

4,929

(1

)

At 31 May 2024

551,089

-

112

Office

Motor

Computer

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

44,804

17,500

120,815

793,398

Additions

2,579

-

8,464

16,344

Disposals

(26,136

)

(17,500

)

(63,779

)

(557,515

)

At 31 May 2025

21,247

-

65,500

252,227

DEPRECIATION

At 1 June 2024

43,012

17,500

103,162

222,752

Charge for year

939

-

6,242

10,544

Eliminated on disposal

(26,136

)

(17,500

)

(63,779

)

(133,919

)

At 31 May 2025

17,815

-

45,625

99,377

NET BOOK VALUE

At 31 May 2025

3,432

-

19,875

152,850

At 31 May 2024

1,792

-

17,653

570,646

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

196,947

185,740

Other debtors

3,819

-

Directors' loan accounts

-

290,000

Prepayments

2,258

2,638

203,024

478,378

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

4,009

4,479

Deferred income

497,420

348,778

Tax

49,901

49,320

VAT

37,328

37,498

Accrued expenses

2,700

2,700

591,358

442,775

Deferred income of £497420 is income applicable to service and support contracts for the period subsequent to 31 May 2025.