Fid Trust International Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04339274 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Fid Trust International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs N T Cheng-Sing

SECRETARIES:

H N Purrunsing

FTI (Secretariat) Ltd

REGISTERED OFFICE:

Kensington Pavilion

96 Kensington High Street

London

W8 4SG

REGISTERED NUMBER:

04339274 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,000

2,371

3,000

2,371

CURRENT ASSETS

Debtors

6

65,828

61,130

Cash at bank

137,354

101,138

203,182

162,268

CREDITORS

Amounts falling due within one year

7

56,672

51,828

NET CURRENT ASSETS

146,510

110,440

TOTAL ASSETS LESS CURRENT LIABILITIES

149,510

112,811

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

149,410

112,711

149,510

112,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 11 September 2023 and were signed by:

Mrs N T Cheng-Sing - Director

1.	STATUTORY INFORMATION

Fid Trust International 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of the tangible fixed assets over their expected useful lives as follows:

Plant & Machinery - 33.33%per annum on WDV

Computer equipment - 10%per annum on cost

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2022

and 31 December 2022

1,910

AMORTISATION

At 1 January 2022

and 31 December 2022

1,910

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

22,883

Additions

2,073

At 31 December 2022

24,956

DEPRECIATION

At 1 January 2022

20,512

Charge for year

1,444

At 31 December 2022

21,956

NET BOOK VALUE

At 31 December 2022

3,000

At 31 December 2021

2,371

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

10,828

11,311

Other debtors

55,000

49,819

65,828

61,130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

30,138

25,842

Taxation and social security

15,257

10,741

Other creditors

11,277

15,245

56,672

51,828