Company Registration No. 03607694 (England and Wales)
Fluid Technology Generation Limited
Unaudited accounts
for the year ended 31 January 2024
Fluid Technology Generation Limited
Unaudited accounts
Contents
Fluid Technology Generation Limited
Company Information
for the year ended 31 January 2024
Directors
Nigel Bruce
Christine Bruce
Harold Cattell
David Bowman
Company Number
03607694 (England and Wales)
Registered Office
Drum House
Drum Industrial Estate
Chester Le Street
DH2 1SR
Fluid Technology Generation Limited
Statement of financial position
as at 31 January 2024
Tangible assets
52,393
49,086
Inventories
562,696
610,340
Cash at bank and in hand
791,020
592,392
Creditors: amounts falling due within one year
(537,594)
(489,253)
Net current assets
1,527,174
1,454,863
Total assets less current liabilities
1,579,567
1,503,949
Provisions for liabilities
Deferred tax
(9,413)
(9,014)
Net assets
1,570,154
1,494,935
Called up share capital
1,000
1,000
Profit and loss account
1,569,154
1,493,935
Shareholders' funds
1,570,154
1,494,935
For the year ending 31 January 2024 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 5 April 2024 and were signed on its behalf by
Harold Cattell
Director
Company Registration No. 03607694
Fluid Technology Generation Limited
Notes to the Accounts
for the year ended 31 January 2024
Fluid Technology Generation Limited is a private company, limited by shares, registered in England and Wales, registration number 03607694. The registered office is Drum House, Drum Industrial Estate , Chester Le Street, DH2 1SR.
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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.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Fluid Technology Generation Limited
Notes to the Accounts
for the year ended 31 January 2024
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
297,540
10,383
307,923
At 31 January 2024
318,311
10,383
328,694
At 1 February 2023
249,038
9,799
258,837
Charge for the year
17,318
146
17,464
At 31 January 2024
266,356
9,945
276,301
At 31 January 2024
51,955
438
52,393
At 31 January 2023
48,502
584
49,086
Amounts falling due within one year
Trade debtors
374,017
410,250
Amounts due from group undertakings etc.
309,925
309,774
Accrued income and prepayments
23,810
21,360
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
372,588
368,867
Amounts owed to group undertakings and other participating interests
71,886
29,867
Taxes and social security
24,660
19,085
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Transactions with related parties
The company is related by common directorships to Safechem Limited. During the year ended 31st January 2023 Fluid Technology Generation Limited (FTG) purchased goods and services from Safechem Limited to the value of £128,220 (2022 £122,681) and sold goods to Safechem Limited to the value of £1,233,702
(2022 £1,174,925). As at 31st January 2023 Safechem Limited owed FTG £309,774 (2022 £331,296) and FTG owed Safechem Limited £29,867 (2022 £28,143). All transactions were at market value.
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Average number of employees
During the year the average number of employees was 17 (2023: 17).