Registered number
13143123
Faltrego Ltd
Accounts
For the Year ended
31 March 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Faltrego Ltd
Registered number: 13143123
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 31,886 27,100
Current assets
Debtors 4 75,030 42,546
Cash at bank and in hand 160,956 178,498
235,986 221,044
Creditors: amounts falling due within one year 5 (52,874) (47,302)
Net current assets 183,112 173,742
Total assets less current liabilities 214,998 200,842
Creditors: amounts falling due after more than one year 6 - (12,947)
Net assets 214,998 187,895
Capital and reserves
Called up share capital 100 100
Profit and loss account 214,898 187,795
Shareholders' funds 214,998 187,895
The director is 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 director acknowledges her 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.
Mary-Laine Friday
Director
Approved by the board on 2 September 2024
Faltrego Ltd
Notes to the Accounts
for the year ended 31 March 2024
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 rendering of services. Turnover from the rendering of services is recognised at completion of the contract.
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:
Computer Equipment 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.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 34,488
Additions 14,603
At 31 March 2024 49,091
Depreciation
At 1 April 2023 7,388
Charge for the year 9,817
At 31 March 2024 17,205
Net book value
At 31 March 2024 31,886
At 31 March 2023 27,100
4 Debtors 2024 2023
£ £
Trade debtors 67,133 42,546
Other debtors 7,897 -
75,030 42,546
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,349 -
Taxation and social security costs 50,536 47,302
Other creditors 989 -
52,874 47,302
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 12,947
7 Related party transactions
Included in other debtors is an amount of £7,897 (2023: £12,947 creditor) which is owed by the director to the company.
8 Other information
Faltrego Ltd is a private company limited by shares and incorporated in England. Its registered office is:
International House
64 Nile Street
London
N1 7SR
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