FAIRCOMPLUS_LIMITED_30_Apr_2026_companies_house_set_of

		2026	2025
Fixed assets
Tangible assets	5	22,979		28,472
Current assets
Stocks		65,000		65,000
Debtors	6	489,586		482,739
Cash at bank and in hand		1,181		1,450
		555,767		549,189
Creditors: amounts falling due within one year	7	(251,552	)	(268,158	)
Net current assets		304,215		281,031
Total assets less current liabilities		327,194		309,503
Creditors: amounts falling due after more than one year	8	(84,219	)	(21,579	)
Provisions for liabilities		(216	)	(631	)
Net assets		242,759		287,293
Capital and reserves
Called up share capital		100		100
Profit and loss account		242,659		287,193
Shareholders funds		242,759		287,293

Faircomplus Limited

Notes to the Financial Statements

Year ended

30 April 2026

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.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4 Average number of employees

The average number of persons employed by the company during the year was

(2025:

26.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 May 2025	102,318
Disposals	(504	)
Other movements	1
At 30 April 2026	101,815
Depreciation
At 1 May 2025	73,846
Charge	5,641
Disposals	(651	)
At 30 April 2026	78,836
Carrying amount
At 30 April 2026	22,979
At 30 April 2025	28,472

6 Debtors

	2026	2025
	£	£
Trade debtors	123,613	148,493
Other debtors	365,973	334,246
	489,586	482,739

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

	2026	2025
	£	£
Trade debtors	123,613	148,493
Other debtors	352,623	329,923
	476,236	478,416

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

7 Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	48,383	54,010
Trade creditors	34,701	29,450
Taxation and social security	131,032	181,856
Other creditors	37,436	2,842
	251,552	268,158

8 Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans and overdrafts	84,219		21,579

This is an unsecured loan with 34 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: (£304,102)

Less advances in the year: £192,707

Plus private transactions: £5,287

Plus amounts repaid: £12,147

Plus dividends : £152,574

Balance c/fwd (£326,801)

10 Related party transactions

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

Nature of the related party relationship	Transaction value
	2026		2025
	£		£
Directors Loan Accounts	(22,700	)	(42,650	)

Nature of the related party relationship	Balance outstanding
	2026		2025
	£		£
Directors Loan Accounts	(326,802	)	(304,102	)

		2026		2025
	Note	£		£
Fixed assets
Tangible assets	5	22,979		28,472
Current assets
Stocks		65,000		65,000
Debtors	6	489,586		482,739
Cash at bank and in hand		1,181		1,450
		555,767		549,189
Creditors: amounts falling due within one year	7	(251,552	)	(268,158	)
Net current assets		304,215		281,031
Total assets less current liabilities		327,194		309,503
Creditors: amounts falling due after more than one year	8	(84,219	)	(21,579	)
Provisions for liabilities		(216	)	(631	)
Net assets		242,759		287,293
Capital and reserves
Called up share capital		100		100
Profit and loss account		242,659		287,193
Shareholders funds		242,759		287,293