Acorah Software Products - Accounts Production 15.0.600 false true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 10274044 Mr Morgan Gray Mr Omar Wahab Ms Laura Woodall Mr Duncan Gray Ms Mareesa Wahab iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10274044 2022-11-30 10274044 2023-11-30 10274044 2022-12-01 2023-11-30 10274044 frs-core:CurrentFinancialInstruments 2023-11-30 10274044 frs-core:Non-currentFinancialInstruments 2023-11-30 10274044 frs-core:ComputerEquipment 2023-11-30 10274044 frs-core:ComputerEquipment 2022-12-01 2023-11-30 10274044 frs-core:ComputerEquipment 2022-11-30 10274044 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-01 2023-11-30 10274044 frs-core:FurnitureFittings 2023-11-30 10274044 frs-core:FurnitureFittings 2022-12-01 2023-11-30 10274044 frs-core:FurnitureFittings 2022-11-30 10274044 frs-core:NetGoodwill 2023-11-30 10274044 frs-core:NetGoodwill 2022-12-01 2023-11-30 10274044 frs-core:NetGoodwill 2022-11-30 10274044 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 10274044 frs-core:MotorVehicles 2023-11-30 10274044 frs-core:MotorVehicles 2022-12-01 2023-11-30 10274044 frs-core:MotorVehicles 2022-11-30 10274044 frs-core:OtherResidualIntangibleAssets 2023-11-30 10274044 frs-core:OtherResidualIntangibleAssets 2022-12-01 2023-11-30 10274044 frs-core:OtherResidualIntangibleAssets 2022-11-30 10274044 frs-core:PlantMachinery 2023-11-30 10274044 frs-core:PlantMachinery 2022-12-01 2023-11-30 10274044 frs-core:PlantMachinery 2022-11-30 10274044 frs-core:ShareCapital 2023-11-30 10274044 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 10274044 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10274044 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 10274044 frs-bus:SmallEntities 2022-12-01 2023-11-30 10274044 frs-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 10274044 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10274044 frs-bus:OrdinaryShareClass1 2022-12-01 2023-11-30 10274044 frs-bus:OrdinaryShareClass1 2023-11-30 10274044 frs-bus:OrdinaryShareClass3 2022-12-01 2023-11-30 10274044 frs-bus:OrdinaryShareClass3 2023-11-30 10274044 frs-core:DeferredTaxation 2022-12-01 2023-11-30 10274044 frs-core:DeferredTaxation 2022-11-30 10274044 frs-core:DeferredTaxation 2023-11-30 10274044 frs-bus:Director1 2022-12-01 2023-11-30 10274044 frs-bus:Director2 2022-12-01 2023-11-30 10274044 frs-bus:Director3 2022-12-01 2023-11-30 10274044 frs-bus:Director4 2022-12-01 2023-11-30 10274044 frs-bus:Director5 2022-12-01 2023-11-30 10274044 frs-countries:EnglandWales 2022-12-01 2023-11-30 10274044 2021-11-30 10274044 2022-11-30 10274044 2021-12-01 2022-11-30 10274044 frs-core:CurrentFinancialInstruments 2022-11-30 10274044 frs-core:Non-currentFinancialInstruments 2022-11-30 10274044 frs-core:ShareCapital 2022-11-30 10274044 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 10274044 frs-bus:OrdinaryShareClass1 2021-12-01 2022-11-30 10274044 frs-bus:OrdinaryShareClass3 2021-12-01 2022-11-30
Registered number: 10274044
Fluid Science Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Fluid Science Limited for the year ended 30 November 2023
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of  Fluid Science Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Fluid Science Limited , as a body, in accordance with the terms of our engagement letter dated 27/10/2022. Our work has been undertaken solely to prepare for your approval the accounts of Fluid Science Limited and state those matters that we have agreed to state to the directors of Fluid Science Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fluid Science Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Fluid Science Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Fluid Science Limited . You consider that Fluid Science Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fluid Science Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28th August 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Balance Sheet
Registered number: 10274044
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 15,313 19,688
Tangible Assets 5 175,504 119,773
Investment Properties 6 10,000 -
200,817 139,461
CURRENT ASSETS
Stocks 7 448,082 411,501
Debtors 8 280,959 264,763
Cash at bank and in hand 70,573 37,870
799,614 714,134
Creditors: Amounts Falling Due Within One Year 9 (468,272 ) (426,021 )
NET CURRENT ASSETS (LIABILITIES) 331,342 288,113
TOTAL ASSETS LESS CURRENT LIABILITIES 532,159 427,574
Creditors: Amounts Falling Due After More Than One Year 10 (121,094 ) (38,999 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,275 ) (22,757 )
NET ASSETS 386,790 365,818
CAPITAL AND RESERVES
Called up share capital 12 110 110
Profit and Loss Account 386,680 365,708
SHAREHOLDERS' FUNDS 386,790 365,818
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Page 3
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Morgan Gray
Director
28th August 2024
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Fluid Science Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10274044 . The registered office is Unit 3, Building 2, The Colony Wilmslow, Altrincham Road, Wilmslow, SK9 4LY.

The company's principal place of business is Unit 5, Pride Point, Ashcroft Road, Knowsley Industrial Estate, Liverpool, L33 7TW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Patents and licences are being amortised evenly over their estimated useful life of five years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Building costs - plant & machinery 10% on Straight line
Plant & Machinery 10% on Reducing balance
Motor Vehicles 25% on Reducing balance
Fixtures & Fittings 25% on Reducing balance
Computer Equipment 25% on Straight line
2.6. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Page 5
2.8. 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2022: 11)
12 11
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 December 2022 43,752 20,000 63,752
As at 30 November 2023 43,752 20,000 63,752
Amortisation
As at 1 December 2022 24,064 20,000 44,064
Provided during the period 4,375 - 4,375
As at 30 November 2023 28,439 20,000 48,439
Net Book Value
As at 30 November 2023 15,313 - 15,313
As at 1 December 2022 19,688 - 19,688
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2022 104,611 35,000 13,645 10,559 163,815
Additions 68,662 - 2,096 9,443 80,201
As at 30 November 2023 173,273 35,000 15,741 20,002 244,016
...CONTINUED
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Page 6
Depreciation
As at 1 December 2022 35,102 3,836 1,072 4,032 44,042
Provided during the period 9,634 7,791 3,302 3,743 24,470
As at 30 November 2023 44,736 11,627 4,374 7,775 68,512
Net Book Value
As at 30 November 2023 128,537 23,373 11,367 12,227 175,504
As at 1 December 2022 69,509 31,164 12,573 6,527 119,773
6. Investment Property
2023
£
Fair Value
As at 1 December 2022 -
Additions 10,000
As at 30 November 2023 10,000
7. Stocks
2023 2022
£ £
Stock 448,082 411,501
8. Debtors
2023 2022
£ £
Due within one year
Trade debtors 245,090 250,138
Amounts owed by group undertakings 21,172 680
Other debtors 14,697 13,945
280,959 264,763
9. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 197,700 140,951
Bank loans and overdrafts 16,448 6,215
Amounts owed to group undertakings 91,429 27,812
Other creditors 106,333 162,749
Taxation and social security 56,362 88,294
468,272 426,021
10. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 58,988 38,999
Other loans 62,106 -
121,094 38,999
Page 6
Page 7
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2022 22,757 22,757
Deferred taxation 1,518 1,518
Balance at 30 November 2023 24,275 24,275
12. Share Capital
2023 2022
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
10 Ordinary B shares of £ 1 each 10 10
110 110
13. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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