Finnberg & Company Limited
Company Information
for the year ended 28 February 2023
Director
Alexander Thomas Gostwick
Company Number
09980139 (England and Wales)
Registered Office
57 Green Lane
Tadworth
Surrey
KT20 6TJ
Accountants
Bloodwood Accounting Ltd
57 Green Lane
Tadworth
Surrey
KT20 6TJ
Finnberg & Company Limited
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
1,237
8,989
Creditors: amounts falling due within one year
(23,601)
(29,231)
Net current assets
5,918
19,365
Total assets less current liabilities
6,421
20,149
Creditors: amounts falling due after more than one year
(15,167)
(16,929)
Net (liabilities)/assets
(8,746)
3,220
Called up share capital
1
1
Profit and loss account
(8,747)
3,219
Shareholders' funds
(8,746)
3,220
For the year ending 28 February 2023 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 23 November 2023 and were signed on its behalf by
Alexander Thomas Gostwick
Director
Company Registration No. 09980139
Finnberg & Company Limited
Notes to the Accounts
for the year ended 28 February 2023
Finnberg & Company Limited is a private company, limited by shares, registered in England and Wales, registration number 09980139. The registered office is 57 Green Lane, Tadworth, Surrey, KT20 6TJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
100% small items
Computer equipment
33% straight line for whole years only
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At valuation
At 1 March 2022
98
686
784
At 28 February 2023
98
755
853
Charge for the year
98
252
350
At 28 February 2023
98
252
350
At 28 February 2023
-
503
503
At 28 February 2022
98
686
784
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
460
638
Loans from directors
23,141
28,593
Finnberg & Company Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Alexander Thomas Gostwick
Current Account - Payable at call - no interest
28,593
-
5,452
23,141
8
Transactions with related parties
Director lease part of his home to the company; total value for this year = £2,400.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).