Registered number
06268961
Fida Systems Ltd
Filleted Accounts
30 June 2023
Fida Systems Ltd
Registered number: 06268961
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,396 426
Current assets
Stocks - 252
Debtors 4 148,915 118,625
Cash at bank and in hand 171,614 132,522
320,529 251,399
Creditors: amounts falling due within one year 5 (120,768) (61,292)
Net current assets 199,761 190,107
Total assets less current liabilities 214,157 190,533
Creditors: amounts falling due after more than one year 6 (15,596) -
Net assets 198,561 190,533
Capital and reserves
Called up share capital 1 1
Profit and loss account 198,560 190,532
Shareholder's funds 198,561 190,533
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.
M.Given
Director
Approved by the board on 4 October 2023
Fida Systems Ltd
Notes to the Accounts
for the year ended 30 June 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2022 6,334 - 6,334
Additions - 17,995 17,995
At 30 June 2023 6,334 17,995 24,329
Depreciation
At 1 July 2022 5,908 - 5,908
Charge for the year 426 3,599 4,025
At 30 June 2023 6,334 3,599 9,933
Net book value
At 30 June 2023 - 14,396 14,396
At 30 June 2022 426 - 426
4 Debtors 2023 2022
£ £
Trade debtors 148,915 118,625
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 69,602 36,759
Taxation and social security costs 6,710 4,991
Other creditors 44,456 19,542
120,768 61,292
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,596 -
7 Other information
Fida Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Verne Road
North Shields
Tyne & Wear
NE29 7DQ
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