Fintricity Consulting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05468780 (England and Wales)

Fintricity Consulting Limited

Unaudited Financial Statements for the Year Ended 30 June 2020

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

2,480

3,099

CURRENT ASSETS

Debtors

5

11,775

11,775

Cash at bank

13

13

11,788

11,788

CREDITORS

Amounts falling due within one year

6

294,867

292,440

NET CURRENT LIABILITIES

(283,079

)

(280,652

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(280,599

)

(277,553

)

PROVISIONS FOR LIABILITIES

447

558

NET LIABILITIES

(281,046

)

(278,111

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(282,046

)

(279,111

)

(281,046

)

(278,111

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 June 2021 and were signed by:

A Doshi - Director

1.	STATUTORY INFORMATION

Fintricity Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05468780

Registered office:

5 Scott Avenue

London

SW1 3PA

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.

Tangible fixed assets

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

Taxation

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

and 30 June 2020

17,317

DEPRECIATION

At 1 July 2019

14,218

Charge for year

619

At 30 June 2020

14,837

NET BOOK VALUE

At 30 June 2020

2,480

At 30 June 2019

3,099

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Other debtors

11,775

11,775

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade creditors

(27

)

-

Other creditors

294,894

292,440

294,867

292,440

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2020 and 30 June 2019:

30.6.20

30.6.19

£

£

A Doshi

Balance outstanding at start of year

111,038

66,550

Amounts advanced

63,024

48,469

Amounts repaid

(50

)

(3,981

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

174,012

111,038