1 September 2024 false Taxfiler 2024.6 true 03618245business:PrivateLimitedCompanyLtd2024-09-012025-08-31 036182452024-08-31 036182452024-09-012025-08-31 03618245business:AuditExemptWithAccountantsReport2024-09-012025-08-31 03618245business:FilletedAccounts2024-09-012025-08-31 036182452025-08-31 03618245business:Director12024-09-012025-08-31 03618245business:CompanySecretary12024-09-012025-08-31 03618245business:RegisteredOffice2024-09-012025-08-31 036182452024-08-31 03618245core:WithinOneYear2025-08-31 03618245core:WithinOneYear2024-08-31 03618245core:AfterOneYear2025-08-31 03618245core:AfterOneYear2024-08-31 03618245core:ShareCapitalcore:PreviouslyStatedAmount2025-08-31 03618245core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 03618245core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-08-31 03618245core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 03618245core:PreviouslyStatedAmount2025-08-31 03618245core:PreviouslyStatedAmount2024-08-31 03618245business:SmallEntities2024-09-012025-08-31 03618245countries:EnglandWales2024-09-012025-08-31 03618245core:MotorVehicles2024-09-012025-08-31 03618245core:FurnitureFittings2024-09-012025-08-31 03618245core:ComputerEquipment2024-09-012025-08-31 03618245core:OtherPropertyPlantEquipment2024-09-012025-08-31 03618245core:MotorVehicles2024-08-31 03618245core:ComputerEquipment2024-08-31 03618245core:MotorVehicles2025-08-31 03618245core:ComputerEquipment2025-08-31 036182452023-09-012024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 03618245 (England and Wales)
FEE CORPORATION LIMITED Unaudited accounts for the year ended 31 August 2025
FEE CORPORATION LIMITED Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
FEE CORPORATION LIMITED Company Information for the year ended 31 August 2025
Director
Gloria Aiyesimoju
Secretary
Olaniyi Ogunsina
Company Number
03618245 (England and Wales)
Registered Office
47 Siebert Road Blackhealth London SE3 7EJ
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
- 3 -
FEE CORPORATION LIMITED Accountants' report
Accountants' report to the director of FEE CORPORATION LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 August 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FEE CORPORATION LIMITED for the year ended 31 August 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FEE CORPORATION LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FEE CORPORATION LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FEE CORPORATION LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FEE CORPORATION LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FEE CORPORATION LIMITED. You consider that FEE CORPORATION LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FEE CORPORATION LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 22 May 2026
- 4 -
FEE CORPORATION LIMITED Statement of financial position as at 31 August 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
6,338 
6,501 
Current assets
Debtors
5
575 
575 
Cash at bank and in hand
26 
38 
601 
613 
Creditors: amounts falling due within one year
6
(36,378)
(35,324)
Net current liabilities
(35,777)
(34,711)
Total assets less current liabilities
(29,439)
(28,210)
Creditors: amounts falling due after more than one year
7
(97,826)
(97,826)
Net liabilities
(127,265)
(126,036)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(127,267)
(126,038)
Shareholders' funds
(127,265)
(126,036)
For the year ending 31 August 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 her 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 22 May 2026 and were signed on its behalf by
Gloria Aiyesimoju Director Company Registration No. 03618245
- 5 -
FEE CORPORATION LIMITED Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
FEE CORPORATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03618245. The registered office is 47 Siebert Road, Blackhealth, London, SE3 7EJ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20
Fixtures & fittings
10
Computer equipment
25
Other tangible fixed assets
20
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
- 6 -
FEE CORPORATION LIMITED Notes to the Accounts for the year ended 31 August 2025
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2024
23,613 
11,261 
34,874 
At 31 August 2025
23,613 
11,261 
34,874 
Depreciation
At 1 September 2024
20,261 
8,112 
28,373 
Charge for the year
84 
79 
163 
At 31 August 2025
20,345 
8,191 
28,536 
Net book value
At 31 August 2025
3,268 
3,070 
6,338 
At 31 August 2024
3,352 
3,149 
6,501 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
264 
264 
Other debtors
311 
311 
575 
575 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Amounts owed to group undertakings and other participating interests
36,153 
35,099 
Accruals
225 
225 
36,378 
35,324 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Amounts owed to group undertakings and other participating interests
97,826 
97,826 
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 7 -