2023-04-012024-03-312024-03-31false08919679Finitiq 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Finitiq Limited

Registered Number
08919679
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Finitiq Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Jason Kendall

Company Secretary

Karen Dove Kendall

Registered Address

2 Dukes Court, Bognor Road
Chichester
PO19 8FX

Registered Number

08919679 (England and Wales)
Finitiq Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3556742
556742
Current assets
Stocks12,35014,950
Debtors2672,690
Cash at bank and on hand70,08643,028
82,70360,668
Creditors amounts falling due within one year(39,701)(34,334)
Net current assets (liabilities)43,00226,334
Total assets less current liabilities43,55827,076
Creditors amounts falling due after one year-(11,708)
Provisions for liabilities(147)(141)
Net assets43,41115,227
Capital and reserves
Called up share capital100100
Profit and loss account43,31115,127
Shareholders' funds43,41115,227
The financial statements were approved and authorised for issue by the Director on 15 August 2024, and are signed on its behalf by:
Jason Kendall
Director
Registered Company No. 08919679
Finitiq Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
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 policy
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.
Defined contribution pension plan
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 236,134
At 31 March 246,134
Depreciation and impairment
At 01 April 235,392
Charge for year186
At 31 March 245,578
Net book value
At 31 March 24556
At 31 March 23742