1 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 59,767 4,739 122 64,384 58,852 955 122 59,685 4,699 915 1,245 1,245 xbrli:pure xbrli:shares iso4217:GBP 05356487 2022-03-01 2023-02-28 05356487 2023-02-28 05356487 2022-02-28 05356487 2021-03-01 2022-02-28 05356487 2022-02-28 05356487 bus:Director1 2022-03-01 2023-02-28 05356487 core:DeferredTaxation 2022-03-01 2023-02-28 05356487 core:WithinOneYear 2023-02-28 05356487 core:WithinOneYear 2022-02-28 05356487 core:ShareCapital 2023-02-28 05356487 core:ShareCapital 2022-02-28 05356487 core:RetainedEarningsAccumulatedLosses 2023-02-28 05356487 core:RetainedEarningsAccumulatedLosses 2022-02-28 05356487 core:AcceleratedTaxDepreciationDeferredTax 2023-02-28 05356487 core:AcceleratedTaxDepreciationDeferredTax 2022-02-28 05356487 core:DeferredTaxation 2023-02-28 05356487 bus:SmallEntities 2022-03-01 2023-02-28 05356487 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 05356487 bus:FullAccounts 2022-03-01 2023-02-28 05356487 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 05356487 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05356487 core:OfficeEquipment 2022-02-28 05356487 core:OfficeEquipment 2022-03-01 2023-02-28 05356487 core:OfficeEquipment 2023-02-28 05356487 bus:Director1 1 2022-02-28 05356487 bus:Director1 2 2022-03-01 2023-02-28 05356487 bus:Director1 3 2021-03-01 2022-02-28 05356487 bus:Director1 4 2022-03-01 2023-02-28 05356487 bus:Director1 4 2021-03-01 2022-02-28 05356487 bus:Director1 5 2022-03-01 2023-02-28 05356487 bus:Director1 5 2021-03-01 2022-02-28 05356487 bus:Director1 6 2023-02-28 05356487 bus:Director1 6 2022-02-28
COMPANY REGISTRATION NUMBER: 05356487
Fluid Flow Limited
Filleted Unaudited Financial Statements
For the year ended
28 February 2023
Fluid Flow Limited
Financial Statements
Year ended 28 February 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Fluid Flow Limited
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
4,699
915
Current assets
Debtors
6
65,449
103,266
Cash at bank and in hand
360,792
195,945
---------
---------
426,241
299,211
Creditors: amounts falling due within one year
7
47,757
36,881
---------
---------
Net current assets
378,484
262,330
---------
---------
Total assets less current liabilities
383,183
263,245
Provisions
8
1,245
---------
---------
Net assets
381,938
263,245
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
380,938
262,245
---------
---------
Shareholders funds
381,938
263,245
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 November 2023 , and are signed on behalf of the board by:
Dr J D Wicks
Director
Company registration number: 05356487
Fluid Flow Limited
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ. The company trades from The Magdalen Centre, Robert Robinson Avenue, The Oxford Science Park, Oxford, OX4 4GA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis . The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the income statement represents services provided during the year, exclusive of Value Added Tax and in respect of long-term contracts and contracts for on-going services, the value of work done in the year. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
20, 25 or 33% per annum straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Office equipment
£
Cost
At 1 March 2022
59,767
Additions
4,739
Disposals
( 122)
--------
At 28 February 2023
64,384
--------
Depreciation
At 1 March 2022
58,852
Charge for the year
955
Disposals
( 122)
--------
At 28 February 2023
59,685
--------
Carrying amount
At 28 February 2023
4,699
--------
At 28 February 2022
915
--------
6. Debtors
2023
2022
£
£
Trade debtors
16,416
21,732
Other debtors
49,033
81,534
--------
---------
65,449
103,266
--------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
45,757
34,981
Other creditors
2,000
1,900
--------
--------
47,757
36,881
--------
--------
8. Provisions
Deferred tax (note 9)
£
At 1 March 2022
Movement in year
1,245
-------
At 28 February 2023
1,245
-------
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2023
2022
£
£
Included in debtors (note 6)
1
Included in provisions (note 8)
( 1,245)
-------
----
( 1,245)
1
-------
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
1,245
( 1)
-------
----
10. Director's advances, credits and guarantees
The director maintained a loan account with the company throughout the year. At the start of the year the amount owed by the director was £ 30,122 (2022 £30,123). The loan was increased by drawings totalling £ 54,401 (2022 £ 55,144 ) and interest charged of £ 360 (2022 £ 442 ), and was reduced by repayments totalling £ 54,751 (2022 £ 55,587 ). At the year end the balance owing by the director was £ 30,132 (2022 £ 30,122 ). No amounts were written off during the year (2022 £Nil).