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Company Registration No. 4874080 (England and Wales)
FTC South West Limited Unaudited accounts for the year ended 31 January 2024
FTC South West Limited Unaudited accounts Contents
Page
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FTC South West Limited Company Information for the year ended 31 January 2024
Directors
K A Bleaken R D Benson V Benson
Company Number
4874080 (England and Wales)
Registered Office
The Clovers The Drive Charfield Glos GL12 8HX
Accountants
Parallel Accounting Ltd 8 Charis Avenue Bristol BS10 5JD
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FTC South West Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
377,091 
377,091 
Current assets
Debtors
613 
612 
Cash at bank and in hand
21,898 
61,230 
22,511 
61,842 
Creditors: amounts falling due within one year
(116,218)
(114,468)
Net current liabilities
(93,707)
(52,626)
Total assets less current liabilities
283,384 
324,465 
Creditors: amounts falling due after more than one year
(34,502)
(108,254)
Net assets
248,882 
216,211 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
248,878 
216,207 
Shareholders' funds
248,882 
216,211 
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 20 September 2024 and were signed on its behalf by
V Benson Director Company Registration No. 4874080
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FTC South West Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
FTC South West Limited is a private company, limited by shares, registered in England and Wales, registration number 4874080. The registered office is The Clovers, The Drive, Charfield, Glos, GL12 8HX.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
407,863 
At 31 January 2024
407,863 
Depreciation
At 1 February 2023
30,772 
At 31 January 2024
30,772 
Net book value
At 31 January 2024
377,091 
At 31 January 2023
377,091 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1 
- 
Trade debtors
612 
612 
613 
612 
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FTC South West Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,892 
2,892 
Trade creditors
398 
398 
Taxes and social security
7,664 
5,913 
Loans from directors
105,264 
105,265 
116,218 
114,468 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
34,502 
108,254 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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