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Registration number: 05688605

FTUK Computers Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

FTUK Computers Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

FTUK Computers Limited

(Registration number: 05688605)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

17,073

79,570

Current assets

 

Debtors

5

6,532

56,819

Cash at bank and in hand

 

-

1,219

 

6,532

58,038

Creditors: Amounts falling due within one year

6

(42,444)

(107,527)

Net current liabilities

 

(35,912)

(49,489)

Total assets less current liabilities

 

(18,839)

30,081

Creditors: Amounts falling due after more than one year

6

(21,799)

(30,001)

Net (liabilities)/assets

 

(40,638)

80

Capital and reserves

 

Called up share capital

4

4

Profit and loss account

(40,642)

76

Shareholders' (deficit)/funds

 

(40,638)

80

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

FTUK Computers Limited

(Registration number: 05688605)
Balance Sheet as at 31 January 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 29 February 2024 and signed on its behalf by:
 

.........................................
Mr A M Fisher
Director

 

FTUK Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

FTUK Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvements to property

No depreciation charged

Furniture, fittings and equipment

33% straight line and 25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

FTUK Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Improvement to property
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

53,815

115,120

168,935

Additions

-

4,116

4,116

Disposals

(53,815)

-

(53,815)

At 31 January 2024

-

119,236

119,236

Depreciation

At 1 February 2023

-

89,365

89,365

Charge for the year

-

12,798

12,798

At 31 January 2024

-

102,163

102,163

Carrying amount

At 31 January 2024

-

17,073

17,073

At 31 January 2023

53,815

25,755

79,570

5

Debtors

2024
£

2023
£

Other debtors

6,532

56,819

Total current trade and other debtors

6,532

56,819

 

FTUK Computers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Bank loans and overdrafts

10,099

10,000

Trade creditors

-

375

Taxation and social security

29,767

51,869

Other creditors

2,578

45,283

42,444

107,527

Due after one year

Loans and borrowings

21,799

30,001