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Company Registration No. 03607694 (England and Wales)
Fluid Technology Generation Limited Unaudited accounts for the year ended 31 January 2024
Fluid Technology Generation Limited Unaudited accounts Contents
Page
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Fluid Technology Generation Limited Company Information for the year ended 31 January 2024
Directors
Nigel Bruce Christine Bruce Harold Cattell David Bowman
Company Number
03607694 (England and Wales)
Registered Office
Drum House Drum Industrial Estate Chester Le Street DH2 1SR
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Fluid Technology Generation Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,393 
49,086 
Current assets
Inventories
562,696 
610,340 
Debtors
711,052 
741,384 
Cash at bank and in hand
791,020 
592,392 
2,064,768 
1,944,116 
Creditors: amounts falling due within one year
(537,594)
(489,253)
Net current assets
1,527,174 
1,454,863 
Total assets less current liabilities
1,579,567 
1,503,949 
Provisions for liabilities
Deferred tax
(9,413)
(9,014)
Net assets
1,570,154 
1,494,935 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,569,154 
1,493,935 
Shareholders' funds
1,570,154 
1,494,935 
For the 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. 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 5 April 2024 and were signed on its behalf by
Harold Cattell Director Company Registration No. 03607694
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Fluid Technology Generation Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Fluid Technology Generation Limited is a private company, limited by shares, registered in England and Wales, registration number 03607694. The registered office is Drum House, Drum Industrial Estate , Chester Le Street, DH2 1SR.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
15,950 
At 31 January 2024
15,950 
Amortisation
At 1 February 2023
15,950 
At 31 January 2024
15,950 
Net book value
At 31 January 2024
- 
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Fluid Technology Generation Limited Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
297,540 
10,383 
307,923 
Additions
20,771 
- 
20,771 
At 31 January 2024
318,311 
10,383 
328,694 
Depreciation
At 1 February 2023
249,038 
9,799 
258,837 
Charge for the year
17,318 
146 
17,464 
At 31 January 2024
266,356 
9,945 
276,301 
Net book value
At 31 January 2024
51,955 
438 
52,393 
At 31 January 2023
48,502 
584 
49,086 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
374,017 
410,250 
Amounts due from group undertakings etc.
309,925 
309,774 
Accrued income and prepayments
23,810 
21,360 
Other debtors
3,300 
- 
711,052 
741,384 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
51,456 
51,114 
Trade creditors
372,588 
368,867 
Amounts owed to group undertakings and other participating interests
71,886 
29,867 
Taxes and social security
24,660 
19,085 
Accruals
17,004 
20,320 
537,594 
489,253 
8
Transactions with related parties
The company is related by common directorships to Safechem Limited. During the year ended 31st January 2023 Fluid Technology Generation Limited (FTG) purchased goods and services from Safechem Limited to the value of £128,220 (2022 £122,681) and sold goods to Safechem Limited to the value of £1,233,702 (2022 £1,174,925). As at 31st January 2023 Safechem Limited owed FTG £309,774 (2022 £331,296) and FTG owed Safechem Limited £29,867 (2022 £28,143). All transactions were at market value.
9
Average number of employees
During the year the average number of employees was 17 (2023: 17).
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