Focus Executive Limited 02319874 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is environmental consultancy and management of property lettings. Digita Accounts Production Advanced 6.30.9574.0 true true 02319874 2023-05-01 2024-04-30 02319874 2024-04-30 02319874 core:CurrentFinancialInstruments 2024-04-30 02319874 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 02319874 core:MotorVehicles 2024-04-30 02319874 core:OfficeEquipment 2024-04-30 02319874 bus:SmallEntities 2023-05-01 2024-04-30 02319874 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02319874 bus:FullAccounts 2023-05-01 2024-04-30 02319874 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02319874 bus:RegisteredOffice 2023-05-01 2024-04-30 02319874 bus:Director1 2023-05-01 2024-04-30 02319874 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02319874 core:MotorVehicles 2023-05-01 2024-04-30 02319874 core:OfficeEquipment 2023-05-01 2024-04-30 02319874 countries:EnglandWales 2023-05-01 2024-04-30 02319874 2023-04-30 02319874 core:MotorVehicles 2023-04-30 02319874 core:OfficeEquipment 2023-04-30 02319874 2022-05-01 2023-04-30 02319874 2023-04-30 02319874 core:CurrentFinancialInstruments 2023-04-30 02319874 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 02319874 core:MotorVehicles 2023-04-30 02319874 core:OfficeEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 02319874

Focus Executive Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Focus Executive Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Focus Executive Limited

(Registration number: 02319874)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

26,727

35,898

Investment property

5

1,500,000

1,500,000

 

1,526,727

1,535,898

Current assets

 

Debtors

6

985

941

Cash at bank and in hand

 

3,674

1,285

 

4,659

2,226

Creditors: Amounts falling due within one year

7

(32,042)

(39,458)

Net current liabilities

 

(27,383)

(37,232)

Total assets less current liabilities

 

1,499,344

1,498,666

Provisions for liabilities

(195,754)

(150,537)

Net assets

 

1,303,590

1,348,129

Capital and reserves

 

Called up share capital

301

301

Other reserves

836,374

881,661

Retained earnings

466,915

466,167

Shareholders' funds

 

1,303,590

1,348,129

 

Focus Executive Limited

(Registration number: 02319874)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 July 2024 and signed on its behalf by:
 

.........................................
Mr A Foster-Fletcher
Director

 

Focus Executive Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Adbury Pines
Adbury Holt
Newtown
Newbury
Berkshire
RG20 9BW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents all income derived from the properties owned during the period. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Focus Executive Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for rental services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Focus Executive Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

1,811

36,000

37,811

At 30 April 2024

1,811

36,000

37,811

Depreciation

At 1 May 2023

1,163

750

1,913

Charge for the year

358

8,813

9,171

At 30 April 2024

1,521

9,563

11,084

Carrying amount

At 30 April 2024

290

26,437

26,727

At 30 April 2023

648

35,250

35,898

5

Investment properties

2024
£

At 1 May

1,500,000

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Prepayments

985

941

985

941

 

Focus Executive Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Taxation and social security

 

9,807

4,764

Other creditors

 

22,235

34,694

 

32,042

39,458

8

Related party transactions

Other transactions with directors

Included in other creditors at the year end was a balance due to the directors of £15,585 (2023 - £29,508).