Floyd Capital Ltd |
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Directors Report |
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for the Period Ended 28 February 2023 |
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The directors present their report with the financial statements of the company for the |
period ended 28 February 2023 |
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Principal activities |
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The principal activity of the company in the period under review was |
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Security dealing on own account |
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Directors |
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The director(s) shown below have held office during the whole of the period |
MATTHEW STEVEN FLOYD |
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Small Company Provisions |
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These accounts have been prepared in accordance with the provisions applicable to |
companies subject to the small companies regime. |
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This report was approved by the board of directors on |
2023-11-10 |
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and signed on behalf of the board by |
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Name |
MATTHEW STEVEN FLOYD |
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Status |
Director |
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Page 4 |
Floyd Capital Ltd |
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Balance Sheet |
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for the Period Ended 28 February 2023 |
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ending 28 February 2023 the company was entitled to exemption 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. |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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The financial statements were approved by the Board of Directors on |
2023-11-10 |
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SIGNED ON BEHALF OF THE BOARD BY |
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Name |
MATTHEW STEVEN FLOYD |
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The notes form part of these financial statements |
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Average number of employees during period |
0 |
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Page 7 |
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Floyd Capital Ltd |
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Notes to the Financial Statements |
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for the Period Ended 28 February 2023 |
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1. Accounting policies |
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Basis of preparation |
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The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime. |
Turnover |
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The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT. |
Investments |
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Investments are recognised initially at fair value. Subsequently they are measured at fair value if the shares |
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are publicly traded or otherwise measured reliably. Other investments are measured at cost less impairment. |
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Deferred taxation |
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Foreign currencies |
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Assets and liabilities in foreign currencies are translated into sterling at the rates of exchangeruling at the balance sheet date. Transactions in foreign currencies are translated into sterling atthe rate of exchange ruling at the date of the transaction. Exchange differences are taken intoaccount in arriving at the operating profit. |
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Page 8 |
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Floyd Capital Ltd |
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Notes to the Financial Statements |
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for the Period Ended 28 February 2023 |
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7. Provisions for liabilities |
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£ |
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Provisions at 1 March 2022 |
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1,008 |
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Movements to |
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1,349 |
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Movements from |
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At 28 February 2023 |
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2,357 |
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Provisions for deferred tax liability arising from unrealised profit/(loss) |
8. Share capital |
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2023 |
2,022 |
Authorised type |
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Par value |
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£ |
£ |
Shares |
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1 |
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235 |
235 |
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Total |
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235 |
235 |
Allotted, called up and paid |
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£ |
£ |
Shares |
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235 |
235 |
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Total |
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235 |
235 |
9. Reserves/Retained profit |
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Retained profit reconciliation |
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£ |
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Reserves at 1 March 2022 |
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7,080 |
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Profit/(Loss) for year |
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(254) |
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Other adjustments |
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2,148 |
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Dividends paid |
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Retained Profit/(Loss) at 28 February 2023 |
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8,974 |
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Revaluation reserve |
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£ |
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At 1 March 2022 |
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4,297 |
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Surplus or deficit arising from revaluation |
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5,751 |
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Reserve at 28 February 2023 |
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10,048 |
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Page 11 |