Registered number
04690780
Fluent Limited
Unaudited Filleted Accounts
31 March 2023
Fluent Limited
Registered number: 04690780
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Tangible assets 3 716,996 685,086
Current assets
Debtors 4 22,422 22,415
Cash at bank and in hand 581,809 589,579
604,231 611,994
Creditors: amounts falling due within one year 5 (18,522) (38,709)
Net current assets 585,709 573,285
Total assets less current liabilities 1,302,705 1,258,371
Provisions for liabilities (14,655) (2,307)
Net assets 1,288,050 1,256,064
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,287,950 1,255,964
Shareholder's funds 1,288,050 1,256,064
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
JS Gilpin
Director
Approved by the board on 29 November 2023
Fluent Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings 2% reducing balance
Plant and machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 767,451 182,373 33,650 983,474
Additions - 75,032 - 75,032
Disposals - (10,500) - (10,500)
At 31 March 2023 767,451 246,905 33,650 1,048,006
Depreciation
At 1 April 2022 114,530 154,700 29,158 298,388
Charge for the year 13,058 18,441 1,123 32,622
At 31 March 2023 127,588 173,141 30,281 331,010
Net book value
At 31 March 2023 639,863 73,764 3,369 716,996
At 31 March 2022 652,921 27,673 4,492 685,086
4 Debtors 2023 2022
£ £
Trade debtors 17,922 17,915
Other debtors 4,500 4,500
22,422 22,415
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,130 4,397
Corporation tax 2,675 20,334
Other taxes and social security costs 3,464 2,725
Other creditors 11,253 11,253
18,522 38,709
6 Controlling party
The controlling party is Mr JS Gilpin, the sole director of the company by virtue of his ownership of 100% of the issued share capital of the company.
7 Other information
Fluent Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Walton Terrace
Aylesbury
Buckinghamshire
HP21 7QY
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