Floyen Limited SC686581 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is technology service activities. The company is yet to start trading. Digita Accounts Production Advanced 6.30.9574.0 true true SC686581 2022-02-01 2023-01-31 SC686581 2023-01-31 SC686581 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-01-31 SC686581 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 SC686581 bus:SmallEntities 2022-02-01 2023-01-31 SC686581 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 SC686581 bus:FullAccounts 2022-02-01 2023-01-31 SC686581 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 SC686581 bus:RegisteredOffice 2022-02-01 2023-01-31 SC686581 bus:Director1 2022-02-01 2023-01-31 SC686581 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-02-01 2023-01-31 SC686581 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 SC686581 countries:Scotland 2022-02-01 2023-01-31 SC686581 2021-01-19 2022-01-31 SC686581 2022-01-31 SC686581 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-01-31 SC686581 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC686581

Floyen Limited

Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Floyen Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Floyen Limited

(Registration number: SC686581)
Statement of Financial Position as at 31 January 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

234

234

Creditors: Amounts falling due within one year

5

(1,352)

(919)

Net liabilities

 

(1,118)

(685)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(1,119)

(686)

Shareholders' deficit

 

(1,118)

(685)

For the financial year ending 31 January 2023 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; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 11 October 2023 and signed on its behalf by:
 

.........................................
Mr Michael Garty
Director

 

Floyen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
DD1 3DG
Scotland

These financial statements were authorised for issue by the Board on 11 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

 

Floyen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2022 - 0).

 

Floyen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Debtors

Current

2023
£

2022
£

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

420

420

Other creditors

932

499

1,352

919

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.01 each

100

1

100

1