Registered number
08863341
Floyd Technical Services Limited
Filleted Accounts
31 January 2023
Floyd Technical Services Limited
Registered number: 08863341
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 3,048 850
Cash at bank and in hand 53,875 56,298
56,923 57,148
Creditors: amounts falling due within one year 4 (11,272) (12,946)
Net current assets 45,651 44,202
Total assets less current liabilities 45,651 44,202
Creditors: amounts falling due after more than one year 5 (16,126) (20,274)
Net assets 29,525 23,928
Capital and reserves
Called up share capital 1 1
Profit and loss account 29,524 23,927
Shareholder's funds 29,525 23,928
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.
Sam Floyd
Director
Approved by the board on 6 October 2023
Notes to the Accounts
for the year ended 31 January 2023
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. TTurnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
years
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 1,118 -
Other debtors 1,930 850
3,048 850
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 600 1,373
Corporation tax 5,583 6,376
Other taxes and social security costs 3,506 3,214
Other creditors 1,583 1,983
11,272 12,946
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,126 20,274
6 Controlling party
The company is under the control of Mr Sam Floyd
7 Other information
Floyd Technical Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
44 Elmtree Gardens
Whitley Bay
Tyne and Wear
NE25 8XG
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