Company Registration No. 05117606 (England and Wales)
Fluent Communications Limited
Unaudited accounts
for the year ended 31 March 2023
Fluent Communications Limited
Unaudited accounts
Contents
Fluent Communications Limited
Company Information
for the year ended 31 March 2023
Directors
D L Coleman
A J Sadler
B R Webb
Company Number
05117606 (England and Wales)
Registered Office
Suite 3, First Floor, Harley House
Farningham Road
Crowborough
East Sussex
TN6 2JD
Accountants
Martin Yardley
7 Oak End Close
Southborough
Tunbridge Wells
Kent
TN4 0TE
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Fluent Communications Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Fluent Communications Limited for the year ended
31 March 2023 as set out on pages
5 -
9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Fluent Communications Limited, as a body, in accordance with the terms of our engagement letter dated 30 October 2017. Our work has been undertaken solely to prepare for your approval the accounts of Fluent Communications Limited and state those matters that we have agreed to state to the Board of Directors of Fluent Communications Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fluent Communications Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fluent Communications Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fluent Communications Limited. You consider that Fluent Communications Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fluent Communications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Martin Yardley
Chartered Accountants
7 Oak End Close
Southborough
Tunbridge Wells
Kent
TN4 0TE
24 November 2023
Fluent Communications Limited
Statement of financial position
as at 31 March 2023
Intangible assets
3,063
3,813
Tangible assets
4,502
12,360
Cash at bank and in hand
4
20
Creditors: amounts falling due within one year
(152,402)
(157,200)
Net current assets
22,929
25,701
Total assets less current liabilities
30,497
41,877
Creditors: amounts falling due after more than one year
(27,647)
(39,572)
Provisions for liabilities
Deferred tax
(1,125)
(2,022)
Called up share capital
6
6
Capital redemption reserve
1
1
Profit and loss account
1,718
276
Shareholders' funds
1,725
283
For the year ending 31 March 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 24 November 2023 and were signed on its behalf by
D L Coleman
Director
Company Registration No. 05117606
Fluent Communications Limited
Notes to the Accounts
for the year ended 31 March 2023
Fluent Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 05117606. The registered office is Suite 3, First Floor, Harley House, Farningham Road, Crowborough, East Sussex, TN6 2JD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Plant & machinery
4 years straight line
Motor vehicles
4 years straight line
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.
Fluent Communications Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
23,507
44,653
68,160
At 31 March 2023
23,738
44,653
68,391
At 1 April 2022
20,205
35,595
55,800
Charge for the year
8,089
-
8,089
At 31 March 2023
28,294
35,595
63,889
At 31 March 2023
(4,556)
9,058
4,502
At 31 March 2022
3,302
9,058
12,360
6
Investments
Subsidiary undertakings
Valuation at 1 April 2022
3
Valuation at 31 March 2023
3
Amounts falling due within one year
Trade debtors
81,795
117,560
Amounts due from group undertakings etc.
72,362
45,266
Accrued income and prepayments
4,093
4,446
Other debtors
12,577
11,109
Fluent Communications Limited
Notes to the Accounts
for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
28,457
30,479
Obligations under finance leases and hire purchase contracts
2,010
2,628
Trade creditors
27,873
26,913
Taxes and social security
55,083
60,156
Other creditors
9,299
4,703
Deferred income
24,950
26,091
9
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,628
4,638
10
Deferred taxation
2023
2022
Accelerated capital allowances
1,125
2,022
Provision at start of year
2,022
4,370
Credited to the profit and loss account
(897)
(2,348)
Provision at end of year
1,125
2,022
11
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
16,500
16,500
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Current account
364
-
364
-
Current account
4,364
557
-
4,921
Fluent Communications Limited
Notes to the Accounts
for the year ended 31 March 2023
13
Transactions with related parties
The following amounts in management charges, rent and insurance costs were invoiced to subsidiary companies.
Fluent Technologies Limited £114,637
Fluent Voice and Data Limited £68,179
14
Average number of employees
During the year the average number of employees was 11 (2022: 11).