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Company Registration No. 11845501 (England and Wales)
Farscape Applications Limited Unaudited accounts for the year ended 28 February 2023
Farscape Applications Limited Unaudited accounts Contents
Page
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Farscape Applications Limited Company Information for the year ended 28 February 2023
Directors
Ashley Beetson Andrew Weller
Company Number
11845501 (England and Wales)
Registered Office
20 English Way Little Wratting Haverhill CB9 7UE United Kingdom
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Farscape Applications Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,985 
- 
Current assets
Debtors
578 
578 
Cash at bank and in hand
10,158 
5,206 
10,736 
5,784 
Creditors: amounts falling due within one year
(5,460)
(3,313)
Net current assets
5,276 
2,471 
Net assets
7,261 
2,471 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,161 
2,371 
Shareholders' funds
7,261 
2,471 
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 directors acknowledge their 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 of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
Ashley Beetson Director Company Registration No. 11845501
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Farscape Applications Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Farscape Applications Limited is a private company, limited by shares, registered in England and Wales, registration number 11845501. The registered office is 20 English Way, Little Wratting, Haverhill, CB9 7UE, United Kingdom.
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:
Computer equipment
Straight Line over Three Years
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2022
- 
Additions
2,552 
At 28 February 2023
2,552 
Depreciation
Charge for the year
567 
At 28 February 2023
567 
Net book value
At 28 February 2023
1,985 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
313 
303 
Other debtors
265 
275 
578 
578 
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Farscape Applications Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,722 
- 
Trade creditors
294 
- 
Taxes and social security
401 
333 
Loans from directors
43 
2,980 
5,460 
3,313 
7
Loans to directors
As at 28 February 2021, within other creditors is the balance of £10,222 (2020 : £8,171) which represents a loan provided by the director Ashley Beetson. The loan was provided interest free with no fixed repayment date.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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