REGISTERED NUMBER: 04977589 (England and Wales)

FINANCIAL INITIATIVES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr. J W Jennings

Mr. G P Nash

REGISTERED OFFICE:

16 Cathedral Road

Cardiff

United Kingdom

CF11 9LJ

REGISTERED NUMBER:

04977589 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

6,560

7,329

CURRENT ASSETS

Debtors

5

120,399

127,927

Cash at bank

138,040

91,408

258,439

219,335

CREDITORS

Amounts falling due within one year

6

179,201

148,688

NET CURRENT ASSETS

79,238

70,647

TOTAL ASSETS LESS CURRENT LIABILITIES

85,798

77,976

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

85,796

77,974

SHAREHOLDERS' FUNDS

85,798

77,976

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th June 2026 and were signed on its behalf by:

Mr. J W Jennings - Director

Mr. G P Nash - Director

1.	STATUTORY INFORMATION

Financial Initiatives 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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

20% straight line on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st April 2025

16,834

Additions

2,781

At 31st March 2026

19,615

DEPRECIATION

At 1st April 2025

9,505

Charge for year

3,550

At 31st March 2026

13,055

NET BOOK VALUE

At 31st March 2026

6,560

At 31st March 2025

7,329

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

100,783

120,541

Other debtors

15,453

3,223

116,236

123,764

Amounts falling due after more than one year:

Other debtors

4,163

4,163

Aggregate amounts

120,399

127,927

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

32,847

44,011

Taxation and social security

129,288

94,720

Other creditors

17,066

9,957

179,201

148,688

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

2

Ordinary

£1

2

2