Firmbeam Limited Accounts






Firmbeam Limited

	Company No. 01793735
		Information for Filing with The Registrar
		31 March 2021

The Director presents his report and the accounts for the year ended 31 March 2021.

Principal activities
The principal activity of the company during the year under review was Non-scheduled Passenger Air Transport.




Director

The Director who served at any time during the year was as follows:

E.B. Salter





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

E.B. Salter
Director
18 November 2021

at	31 March 2021
Company No.		01793735	Notes	2021	2020
				£	£
Fixed assets

	Tangible assets		4	22,479	22,479


				22,479	22,479
Current assets

	Debtors		5	-	505

	Cash at bank and in hand			1,849	4,519
				1,849	5,024
Creditors: Amount falling due within one year			6	(2,067)	(766)
Net current (liabilities)/assets				(218)	4,258
Total assets less current liabilities				22,261	26,737
Creditors: Amounts falling due after more than one year			7	(800)	-



Net assets				21,461	26,737

Capital and reserves
	Called up share capital			6	6
	Share premium account		8	67,577	67,577


	Profit and loss account		8	(46,122)	(40,846)

Total equity				21,461	26,737



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2021 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 18 November 2021
And signed on its behalf by:
E.B. Salter
Director
18 November 2021

for the year ended 31 March 2021

General information

Its registered number is: 01793735

Its registered office is:

The Old Dairy, Mill Farm

Hankham Hall Road, Hankham

Pevensey

East Sussex

BN24 5AG

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2021	2020
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	0

4	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation
		At 1 April 2020	43,332	43,332




		At 31 March 2021	43,332	43,332
		Depreciation
		At 1 April 2020	20,853	20,853




		At 31 March 2021	20,853	20,853
		Net book values
		At 31 March 2021	22,479	22,479
		At 31 March 2020	22,479	22,479

5	Debtors
			2021	2020
			£	£
		Trade debtors	-	505







			-	505

6	Creditors:
		amounts falling due within one year
			2021	2020
			£	£




		Trade creditors	2,068	767





		Accruals and deferred income	(1)	(1)
			2,067	766

7	Creditors:
		amounts falling due after more than one year
			2021	2020
			£	£







		Accruals and deferred income	800	-
			800	-

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.