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REGISTERED NUMBER: 01674379 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

FLUID GRAVITY ENGINEERING LIMITED

FLUID GRAVITY ENGINEERING LIMITED (REGISTERED NUMBER: 01674379)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLUID GRAVITY ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J A Merrifield
D J Evans
M Haynes
E M Johnstone
A W Longbottom
A J Parker



SECRETARY: E M Johnstone



REGISTERED OFFICE: The Old Coach House
1 West Street
Emsworth
Hampshire
PO10 7DX



REGISTERED NUMBER: 01674379 (England and Wales)



ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE



BANKERS: Barclays
South London 3
Leicester
Leicestershire
LE87 2BB

FLUID GRAVITY ENGINEERING LIMITED (REGISTERED NUMBER: 01674379)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,781 99,007

CURRENT ASSETS
Debtors 5 2,787,221 2,222,754
Cash at bank and in hand 969,893 1,252,471
3,757,114 3,475,225
CREDITORS
Amounts falling due within one year 6 649,859 442,960
NET CURRENT ASSETS 3,107,255 3,032,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,149,036

3,131,272

PROVISIONS FOR LIABILITIES 6,098 14,822
NET ASSETS 3,142,938 3,116,450

CAPITAL AND RESERVES
Called up share capital 2,771 2,771
Share premium 19,396 19,396
Retained earnings 3,120,771 3,094,283
SHAREHOLDERS' FUNDS 3,142,938 3,116,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





J A Merrifield - Director


FLUID GRAVITY ENGINEERING LIMITED (REGISTERED NUMBER: 01674379)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Fluid Gravity Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33.3% straight line
Fixtures and fittings - 10% straight line
Air Conditioning - 20% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 24 ) .

FLUID GRAVITY ENGINEERING LIMITED (REGISTERED NUMBER: 01674379)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 1,316,714
Additions 5,135
At 31 July 2023 1,321,849
DEPRECIATION
At 1 August 2022 1,217,707
Charge for year 62,361
At 31 July 2023 1,280,068
NET BOOK VALUE
At 31 July 2023 41,781
At 31 July 2022 99,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 86,624 238,327
Amounts owed by group undertakings 1,675,461 1,674,747
Other debtors 1,025,136 309,680
2,787,221 2,222,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 111,050 2,008
Taxation and social security 132,237 163,972
Other creditors 406,572 276,980
649,859 442,960