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Company Registration No. 11477807 (England and Wales)
Faro Business Analytics Ltd Unaudited accounts for the year ended 31 July 2023
Faro Business Analytics Ltd Unaudited accounts Contents
Page
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Faro Business Analytics Ltd Company Information for the year ended 31 July 2023
Directors
Ana Exposito Alex Ribeiro-Castro
Company Number
11477807 (England and Wales)
Registered Office
Beck House 68 Beck Square London E10 7FP UK
Accountants
CP Finance Unit 11, Worton Court Worton Hall Ind Estate Worton Road Isleworth Middlesex TW7 6ER
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Faro Business Analytics Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
(1)
(1)
Current assets
Cash at bank and in hand
22,237 
21,195 
Creditors: amounts falling due within one year
(5,749)
(7,183)
Net current assets
16,488 
14,012 
Net assets
16,487 
14,011 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
16,485 
14,009 
Shareholders' funds
16,487 
14,011 
For the year ending 31 July 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 9 February 2024 and were signed on its behalf by
Alex Ribeiro-Castro Director Company Registration No. 11477807
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Faro Business Analytics Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Faro Business Analytics Ltd is a private company, limited by shares, registered in England and Wales, registration number 11477807. The registered office is Beck House, 68 Beck Square, London, E10 7FP, UK.
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:
Computer equipment
50% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
1,223 
At 31 July 2023
1,223 
Depreciation
At 1 August 2022
1,224 
At 31 July 2023
1,224 
Net book value
At 31 July 2023
(1)
At 31 July 2022
(1)
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,355 
744 
Trade creditors
452 
- 
Taxes and social security
3,409 
5,842 
Loans from directors
53 
117 
Accruals
480 
480 
5,749 
7,183 
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Faro Business Analytics Ltd Notes to the Accounts for the year ended 31 July 2023
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Alex Ribeiro-Castro
Loan owed to director
(117)
64 
- 
(53)
(117)
64 
- 
(53)
During the year the company paid an interim dividend of £Nil (2022 : £4,000) and a final dividend of £9,500 (2022 : £10,500).
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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