Registered number
08600568
Floataway Limited
Report and Accounts
31 July 2022
Floataway Limited
Report to the director on the preparation of the unaudited statutory accounts of Floataway Limited for the year ended 31 July 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Floataway Limited for the year ended 31 July 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
16 August 2022
Floataway Limited
Registered number: 08600568
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 1,515 2,272
Current assets
Debtors 4 10,529 15,705
Cash at bank and in hand 328 5,512
10,857 21,217
Creditors: amounts falling due within one year 5 40 (4,097)
Net current assets 10,897 17,120
Total assets less current liabilities 12,412 19,392
Creditors: amounts falling due after more than one year 6 (15,671) (19,251)
Net (liabilities)/assets (3,259) 141
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,359) 41
Shareholder's funds (3,259) 141
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R T Brown
Director
Approved by the board on 16 August 2022
Floataway Limited
Notes to the Accounts
for the year ended 31 July 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Grants
Grant income is recognised in the accounting period to which the monies relate.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% reducing balance
Fixtures, fittings, tools and equipment 33% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2021 7,245
At 31 July 2022 7,245
Depreciation
At 1 August 2021 4,973
Charge for the year 757
At 31 July 2022 5,730
Net book value
At 31 July 2022 1,515
At 31 July 2021 2,272
4 Debtors 2022 2021
£ £
Other debtors 10,529 15,705
5 Creditors: amounts falling due within one year 2022 2021
£ £
Corporation tax - 3,775
Other taxes and social security costs (40) 322
(40) 4,097
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loan 15,671 19,251
The bank loan is guaranteed by the government to a maximum level of £16,000 being 80% of the principal loan sum.
7 Other information
Floataway Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Mandarin Way
Alvaston
Derby
Derbyshire
DE24 8YE
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