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Unaudited Financial Statements for the Year Ended 31 March 2023

for

Fibertech Ltd

Fibertech Ltd (Registered number: 09117399)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fibertech Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: P Claridge





SECRETARY:





REGISTERED OFFICE: Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR





REGISTERED NUMBER: 09117399 (England and Wales)





ACCOUNTANTS: Peter Upton
Chartered Accountant
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Fibertech Ltd (Registered number: 09117399)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,718 12,919

CURRENT ASSETS
Debtors 5 79,344 65,668
Cash at bank 246 1,068
79,590 66,736
CREDITORS
Amounts falling due within one year 6 75,495 57,490
NET CURRENT ASSETS 4,095 9,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,813

22,165

CREDITORS
Amounts falling due after more than one year 7 (10,267 ) (14,667 )

PROVISIONS FOR LIABILITIES 8 (1,466 ) (2,455 )
NET ASSETS 80 5,043

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 79 5,042
SHAREHOLDERS' FUNDS 80 5,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2024 and were signed by:





P Claridge - Director


Fibertech Ltd (Registered number: 09117399)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Fibertech Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 3.3% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transition value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Fibertech Ltd (Registered number: 09117399)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures Office &
Plant and and Motor sundry
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022
and 31 March 2023 14,329 684 10,478 3,091 28,582
DEPRECIATION
At 1 April 2022 8,466 684 4,191 2,322 15,663
Charge for year 2,866 - 2,095 240 5,201
At 31 March 2023 11,332 684 6,286 2,562 20,864
NET BOOK VALUE
At 31 March 2023 2,997 - 4,192 529 7,718
At 31 March 2022 5,863 - 6,287 769 12,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 7,763
Directors' current accounts 68,294 30,025
CIS tax recoverable 11,050 27,880
79,344 65,668

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 9,347 -
Social security and other taxes - 727
VAT 58,727 46,951
Other creditors 751 -
Loans repayable within 1 Year 4,400 7,588
Accrued expenses 2,270 2,224
75,495 57,490

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 2-5 years 5,867 -
Loan repayable 1 to 2 years 4,400 14,667
10,267 14,667

8. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 1,466 2,455

Fibertech Ltd (Registered number: 09117399)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 2,455
Provided during year (989 )
Balance at 31 March 2023 1,466

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 April 2022 5,042
Profit for the year 35,537
Dividends (40,500 )
At 31 March 2023 79