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Company Registration No. 12460263 (England and Wales)
Flux Digital Labs Ltd Unaudited accounts for the year ended 28 February 2023
Flux Digital Labs Ltd Unaudited accounts Contents
Page
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Flux Digital Labs Ltd Company Information for the year ended 28 February 2023
Director
Mr John Duboyski
Company Number
12460263 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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Flux Digital Labs Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
414 
618 
Current assets
Debtors
5,231 
1,323 
Cash at bank and in hand
76,130 
52,728 
81,361 
54,051 
Creditors: amounts falling due within one year
(36,949)
(24,582)
Net current assets
44,412 
29,469 
Net assets
44,826 
30,087 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
44,825 
30,086 
Shareholders' funds
44,826 
30,087 
For the year ending 28 February 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2023 and were signed on its behalf by
Mr John Duboyski Director Company Registration No. 12460263
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Flux Digital Labs Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Flux Digital Labs Ltd is a private company, limited by shares, registered in England and Wales, registration number 12460263. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
1,229 
At 28 February 2023
1,229 
Depreciation
At 1 March 2022
611 
Charge for the year
204 
At 28 February 2023
815 
Net book value
At 28 February 2023
414 
At 28 February 2022
618 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,397 
- 
Other debtors
834 
1,323 
5,231 
1,323 
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Flux Digital Labs Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,570 
2,224 
Taxes and social security
12,506 
10,920 
Loans from directors
22,873 
10,688 
Accruals
- 
750 
36,949 
24,582 
7
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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