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Company Registration No. 13400645 (England and Wales)
FQVC LIMITED Unaudited accounts for the year ended 31 May 2025
FQVC LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FQVC LIMITED Company Information for the year ended 31 May 2025
Director
Sebastian Powell
Company Number
13400645 (England and Wales)
Registered Office
3rd Floor 86-90 Paul Street London England EC2A 4NE United Kingdom
- 3 -
FQVC LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
42,682
55,462
Investments
5
6,677
6,677
49,359
62,139
Current assets
Debtors
6
182,895
303,373
Investments
7
40,500
-
Cash at bank and in hand
49,196
21,691
272,591
325,064
Creditors: amounts falling due within one year
8
(321,521)
(345,675)
Net current liabilities
(48,930)
(20,611)
Total assets less current liabilities
429
41,528
Creditors: amounts falling due after more than one year
9
-
(41,147)
Net assets
429
381
Capital and reserves
Called up share capital
1
1
Profit and loss account
428
380
Shareholders' funds
429
381
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2026 and were signed on its behalf by
Sebastian Powell Director Company Registration No. 13400645
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FQVC LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
FQVC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13400645. The registered office is 3rd Floor 86-90 Paul Street, London, England, EC2A 4NE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33.33% on straight line
Investments
Investments in shares are included at fair value.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
85,301
2,472
3,821
91,594
Additions
-
1,365
661
2,026
At 31 May 2025
85,301
3,837
4,482
93,620
Depreciation
At 1 June 2024
34,654
132
1,346
36,132
Charge for the year
12,661
921
1,224
14,806
At 31 May 2025
47,315
1,053
2,570
50,938
Net book value
At 31 May 2025
37,986
2,784
1,912
42,682
At 31 May 2024
50,647
2,340
2,475
55,462
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FQVC LIMITED Notes to the Accounts for the year ended 31 May 2025
5
Investments
Other investments
£
Valuation at 1 June 2024
6,677
Valuation at 31 May 2025
6,677
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
84,000
Other debtors
182,895
219,373
182,895
303,373
7
Investments held as current assets
2025
2024
£
£
Unlisted investments
40,500
-
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
9,768
20,643
VAT
80,691
86,473
Obligations under finance leases and hire purchase contracts
-
10,870
Trade creditors
454
207
Taxes and social security
174,604
142,482
Other creditors
4
-
Accruals
1,000
1,000
Deferred income
55,000
84,000
321,521
345,675
9
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
41,147
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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