Registered number
04730987
Floatdrama Limited
Filleted Accounts
31 July 2023
Floatdrama Limited
Registered number: 04730987
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 255,549 263,900
Current assets
Debtors 4 4,083 4,003
Cash at bank and in hand 10,983 9,294
15,066 13,297
Creditors: amounts falling due within one year 5 (184,658) (187,978)
Net current liabilities (169,592) (174,681)
Net assets 85,957 89,219
Capital and reserves
Called up share capital 2 2
Profit and loss account 85,955 89,217
Shareholders' funds 85,957 89,219
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A C Cowpe
Director
Approved by the board on 1 August 2024
Floatdrama Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Office Equiment over 5 years
Fixtures & fittings over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Freehold Buildings Office Equipment Fixtures & Fittings Total
£ £ £ £
Cost
At 1 August 2022 312,119 1,047 30,655 343,821
At 31 July 2023 312,119 1,047 30,655 343,821
Depreciation
At 1 August 2022 53,307 483 26,131 79,921
Charge for the year 6,242 187 1,922 8,351
At 31 July 2023 59,549 670 28,053 88,272
Net book value
At 31 July 2023 252,570 377 2,602 255,549
At 31 July 2022 258,812 564 4,524 263,900
4 Debtors 2023 2022
£ £
Trade debtors 4,000 3,920
Other debtors 83 83
4,083 4,003
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 318 1,980
Taxation and social security costs 1,356 1,294
Other creditors 182,984 184,704
184,658 187,978
6 Other information
Floatdrama Limited is a private company limited by shares and incorporated in England. Its registered office is:
55 Castelnau
Barnes
London
United Kingdom
SW13 9RT
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