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Company registration number:
05112408
Faircomplus Limited
Unaudited Filleted Financial Statements for the year ended
30 April 2025
Faircomplus Limited
Statement of Financial Position
30 April 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 | 28,472 |  | 8,035 |
Current assets |  |  |  |  |
Stocks |  | 65,000 |  | 65,000 |
Debtors | 6 | 482,739 |  | 468,556 |
Cash at bank and in hand |  | 1,450 |  | 10,106 |
|  | 549,189 |  | 543,662 |
Creditors: amounts falling due within one year | 7 | (268,158 | ) | (323,220 | )
Net current assets |  | 281,031 |  | 220,442 |
Total assets less current liabilities |  | 309,503 |  | 228,477 |
Creditors: amounts falling due after more than one year | 8 | (21,579 | ) | (4,664 | )
Provisions for liabilities |  | (631 | ) | (1,122 | )
Net assets |  | 287,293 |  | 222,691 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 100 |  | 100 |
Profit and loss account |  | 287,193 |  | 222,591 |
Shareholders funds |  | 287,293 |  | 222,691 |

For the year ending
30 April 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 January 2026
, and are signed on behalf of the board by:

D Lambert
Director

Company registration number:
05112408
Faircomplus Limited
Notes to the Financial Statements
Year ended
30 April 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
2b The Green
,
Kings Norton
,
Birmingham
,
West Midlands
,
B38 8SD
, England.

## 2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

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 and in sterling (GBP) which is the functional currency of the .
All amounts have been rounded to the nearest pound, unless otherwise indicated.

## Going concern

The directors do not anticipate any changes to the current company activity for the foreseeable future and will have sufficient funds to continue to meet its liabilities as they fall due for at least twelve months from the date of the approval of the financial statements. Therefore, the financial statements have been prepared on a going concern basis.

## Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

## Current tax

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.

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment | 25% straight line
Motor vehicles | 25% straight line

## Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

## Stocks

Work in progress is valued at the lower of cost and net realisable value.

## Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

## Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

## Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or long term finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under long term finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

## 4 Average number of employees

The average number of persons employed by the company during the year was
26
(2024:
26.00
).

## 5 Tangible assets

| Plant and machinery etc.
--- | ---
| £
Cost |  |
At 1 May 2024 | 71,261 |
Additions | 31,057 |
At 30 April 2025 | 102,318 |
Depreciation |  |
At 1 May 2024 | 63,226 |
Charge | 10,621 |
Other movements | (1 | )
At 30 April 2025 | 73,846 |
Carrying amount |  |
At 30 April 2025 | 28,472 |
At 30 April 2024 | 8,035 |

## 6 Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 148,493 |  | 180,683 |
Other debtors | 334,246 |  | 287,873 |
| 482,739 |  | 468,556 |

The debtors above include the following amounts falling due after more than one year:

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 148,493 |  | 180,683 |
Other debtors | 329,923 |  | 287,273 |
| 478,416 |  | 467,956 |

Other debtors include office rental deposit, directors loans due to the company and section 455 tax .

## 7 Creditors: amounts falling due within one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 54,010 |  | 81,417 |
Trade creditors | 29,450 |  | 31,998 |
Taxation and social security | 181,856 |  | 203,484 |
Other creditors | 2,842 |  | 6,321 |
| 268,158 |  | 323,220 |

## 8 Creditors: amounts falling due after more than one year

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 21,579 |  | 4,664 |

This is an unsecured loan with 20 months remaining on the term of the loan.

## 9 Directors' advances, credit and guarantees

The following aggregate advances and credits have been made to the directors
Balance b/fwd: (£258,518)
Less advances in the year: £162,735
Plus private transactions: £9,849
Plus amounts repaid: £4,200
Plus dividends : £103,102
Balance c/fwd (£304,102)

## 10 Related party transactions

During the year the company entered into the following transactions with related parties:

| 2025 | 2024
--- | --- | ---
| £ | £
Directors Loan Accounts | (304,102 | ) | (258,518 | )