Company Registration No. 3448016 (England and Wales)
Focussed Limited
Unaudited accounts
for the year ended 30 September 2023
Focussed Limited
Unaudited accounts
Contents
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
Focussed Limited
Statement of financial position
as at 30 September 2023
Tangible assets
3,932
1,503
Cash at bank and in hand
48,234
44,932
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
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
Focussed Limited
Notes to the Accounts
for the year ended 30 September 2023
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.
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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.
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.
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 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 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.
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.
Focussed Limited
Notes to the Accounts
for the year ended 30 September 2023
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Tangible fixed assets
Fixtures & fittings
At 30 September 2023
34,654
At 30 September 2023
30,722
At 30 September 2023
3,932
At 30 September 2022
1,503
Amounts falling due within one year
Trade debtors
15,445
3,183
Accrued income and prepayments
147
228
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
19,196
13,779
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Average number of employees
During the year the average number of employees was 3 (2022: 3).