Registered Number: SC492045 Scotland
FIBROMYALGIA ACTION UK
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01 December 2021
End date: 30 November 2022
FIBROMYALGIA ACTION UK Contents Page For the year ended 30 November 2022
| Company information | 3 |
|---|---|
| Directors' report | 4 |
| Accountants' report | 6 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 10 |
| Detailed income statement | 14 |
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FIBROMYALGIA ACTION UK Company Information For the year ended 30 November 2022
Directors Glen McGregor Janet Horton Des Quinn Helen Margaret Watts Registered Number SC492045 Registered Office 12 Seedhill Road 3007 Mile End Mill Paisley PA1 1JS Accountants Josh Botham Tax & Accounting Services Ltd Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW
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FIBROMYALGIA ACTION UK Directors' Report For the year ended 30 November 2022
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 November 2022.
Principal activities
Principal activity of the company during the financial year was of Fibromyalgia awareness.
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to :
-
select suitable accounting policies and then apply them consistently
-
make judgements and accounting estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Directors
The directors who served the company throughout the year were as follows:
Glen McGregor Janet Horton Des Quinn
Helen Margaret Watts
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FIBROMYALGIA ACTION UK Directors' Report For the year ended 30 November 2022
This report was approved by the board and signed on its behalf by:
Glen McGregor Director
Date approved: 26 January 2023
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FIBROMYALGIA ACTION UK Accountants' Report For the year ended 30 November 2022
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Josh Botham Tax & Accounting Services Ltd
30 November 2022
.................................................... Josh Botham Tax & Accounting Services Ltd Archer House Britland Estate Northbourne Road Eastbourne BN22 8PW 26 January 2023
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FIBROMYALGIA ACTION UK Income Statement For the year ended 30 November 2022
| Notes Turnover Cost of sales Gross profit Selling and distribution costs Administrative expenses Operating profit 2 Interest payable and similar charges 4 Profit/(Loss) on ordinary activities before taxation Tax on profit on ordinary activities Profit/(Loss) for the financial year |
2022 £ 103,240 (48,566) 54,674 (3,577) (44,038) 7,059 0 7,059 0 7,059 |
2021 £ 155,074 (43,399) |
|---|---|---|
| 111,675 (3,773) (79,889) |
||
| 28,013 (16) |
||
| 27,997 0 |
||
| 27,997 |
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FIBROMYALGIA ACTION UK Statement of Financial Position As at 30 November 2022
| Notes Fixed assets Tangible fixed assets 5 Current assets Stocks 6 Debtors: amounts falling due within one year 7 Cash at bank and in hand Creditors: amount falling due within one year 8 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account 9 Shareholder's funds |
2022 £ 589 589 2,420 1,542 319,255 323,217 1,225 324,442 325,031 325,031 325,031 325,031 |
2021 £ 589 |
|---|---|---|
| 589 2,420 1,436 314,647 |
||
| 318,503 (1,120) |
||
| 317,383 | ||
| 317,972 | ||
| 317,972 | ||
| 317,972 | ||
| 317,972 |
For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
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FIBROMYALGIA ACTION UK Statement of Financial Position As at 30 November 2022
The financial statements were approved by the board of directors on 26 January 2023 and were signed on its behalf by:
Glen McGregor Director
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FIBROMYALGIA ACTION UK Notes to the Financial Statements For the year ended 30 November 2022
General Information
Fibromyalgia Action UK is a private company, limited by shares, registered in Scotland, registration number SC492045, registration address 12 Seedhill Road, 3007 Mile End Mill, Paisley, PA1 1JS.
The presentation currency is £ sterling.
1. Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
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FIBROMYALGIA ACTION UK Notes to the Financial Statements For the year ended 30 November 2022
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in interest payable and similar charges within the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 4 Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Operating profit/(loss)
| Operating profit/(loss) | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| The operating profit is stated after charging: | ||
| Operating leases | 2 | 860 |
3. Average number of employees
Average number of employees during the year was 4 (2021 : 4).
4. Interest payable and similar charges
| Bank & Other Loan Interest | 2022 £ 0 0 |
2021 £ 16 |
|---|---|---|
| 16 |
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FIBROMYALGIA ACTION UK Notes to the Financial Statements For the year ended 30 November 2022
| 5. Tangible fixed assets Cost or valuation At 01 December 2021 Additions Disposals At 30 November 2022 Depreciation At 01 December 2021 Charge for year On disposals At 30 November 2022 Net book values Closing balance as at 30 November 2022 Opening balance as at 01 December 2021 6. Stocks Stocks 7. Debtors: amounts falling due within one year Trade Debtors Prepayments & Accrued Income |
Fixtures and Fittings £ 5,215 - - 5,215 4,626 - - 4,626 589 589 2022 £ 2,420 2,420 2022 £ 294 1,248 1,542 |
Total £ 5,215 - - |
|
|---|---|---|---|
| 5,215 | |||
| 4,626 - - |
|||
| 4,626 | |||
| 589 | |||
| 589 | |||
| 2021 £ 2,420 2,420 2021 £ 294 1,142 1,436 |
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FIBROMYALGIA ACTION UK Notes to the Financial Statements For the year ended 30 November 2022
8. Creditors: amount falling due within one year
| Creditors: amount falling due within one year | ||
|---|---|---|
| Trade Creditors Accrued Expenses Other Creditors |
2022 £ 1,078 252 (2,555) (1,225) |
2021 £ 927 194 (1) |
| 1,120 |
9. Profit and loss account
| Profit and loss account | |
|---|---|
| Balance at 01 December 2021 Profit for the year Balance at 30 November 2022 |
2022 £ 317,972 7,059 |
| 325,031 |
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FIBROMYALGIA ACTION UK Detailed Income Statement For the year ended 30 November 2022
| Turnover Sales Bank Interest Donations Recieved Payroll Income Charities Aid Foundation Legacies Other Income Cost of sales Purchases Direct Wages & Salaries Employer's PAYE & NI Contributions Pension Contributions Other Direct Costs Gross profit Selling and distribution costs Transport, Freight & Carriage Operating Lease Charges - Plant & Equipment Administrative expenses Wages & Salaries Employer's PAYE & NI Contributions Pension Contributions Staff Training Staff Welfare Accountancy Fees Legal and Professional Fees (Allowable) Rates & Water Rent Light, Heat & Power Cleaning of Premises General Travel Expenses Bad Debts Written Off (Specific) |
4,288 38,311 2,986 1,264 1,717 |
2022 £ 34 7 75,821 1,269 522 194 25,393 103,240 (48,566) 54,674 (3,577) |
930 41,180 0 0 1,289 |
2021 £ 0 0 77,184 7,472 1,164 34,310 34,944 |
|---|---|---|---|---|
| 155,074 (43,399) |
||||
| 3,575 2 |
2,913 860 |
|||
| 111,675 (3,773) |
||||
| 796 0 0 173 43 530 1,375 2,558 21,749 1,936 30 0 0 |
13,941 4,861 1,867 0 279 660 2,121 0 23,352 1,047 0 845 4,380 |
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FIBROMYALGIA ACTION UK Detailed Income Statement For the year ended 30 November 2022
| Bank Charges Exchange Rate Losses/Gains Advertising General Insurance Computer Expenses Stationery & Postage Telephone, Fax & Internet Sundry Expenses Trustees Expenses Subscriptions Volunteer expenses Operating profit Interest payable and similar charges Bank & Other Loan Interest Profit/(Loss) on ordinary activities before taxation Profit/(Loss) for the financial year |
163 144 0 3,486 2,591 2,449 1,646 625 140 3,252 352 |
(44,038) 7,059 0 7,059 7,059 |
222 102 1,238 2,358 10,953 3,677 1,938 211 1,226 2,619 1,992 |
(79,889) |
|---|---|---|---|---|
| 0 | 16 |
|||
| 28,013 (16) |
||||
| 27,997 | ||||
| 27,997 |
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