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Company Registration No. 3448016 (England and Wales)
Focussed Limited Unaudited accounts for the year ended 30 September 2023
Focussed Limited Unaudited accounts Contents
Page
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Focussed Limited Company Information for the year ended 30 September 2023
Directors
Ms Clare Powell Ms Gemma Dark Trolley
Company Number
3448016 (England and Wales)
Registered Office
Office 1 Big Yellow Storage Company 65 Penarth Road Cardiff CF10 5DL Wales
Accountants
Bayliss & Co Flat 1, 4 Tower View Selly Oak Birmingham West Midlands B29 6WH
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Focussed Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,932 
1,503 
Current assets
Debtors
18,706 
3,411 
Cash at bank and in hand
48,234 
44,932 
66,940 
48,343 
Creditors: amounts falling due within one year
(22,855)
(16,640)
Net current assets
44,085 
31,703 
Total assets less current liabilities
48,017 
33,206 
Provisions for liabilities
Deferred tax
(747)
(286)
Net assets
47,270 
32,920 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
47,170 
32,820 
Shareholders' funds
47,270 
32,920 
For the year ending 30 September 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 19 March 2024 and were signed on its behalf by
Ms Clare Powell Director Company Registration No. 3448016
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Focussed Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Focussed Limited is a private company, limited by shares, registered in England and Wales, registration number 3448016. The registered office is Office 1 Big Yellow Storage Company, 65 Penarth Road, Cardiff, CF10 5DL, Wales.
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. No adjustments were required to prior periods as result of the adoption of 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% per annum of cost
Computer equipment
33% per annum of cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Focussed Limited Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2022
31,299 
Additions
3,355 
At 30 September 2023
34,654 
Depreciation
At 1 October 2022
29,796 
Charge for the year
926 
At 30 September 2023
30,722 
Net book value
At 30 September 2023
3,932 
At 30 September 2022
1,503 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,445 
3,183 
Accrued income and prepayments
147 
228 
Other debtors
3,114 
- 
18,706 
3,411 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,074 
145 
Taxes and social security
19,196 
13,779 
Other creditors
- 
136 
Accruals
2,585 
2,580 
22,855 
16,640 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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