Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09893127 Mr Andrew Hargreaves Mr Hans Meyer Mr Treve Hendry true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09893127 2022-12-31 09893127 2023-12-31 09893127 2023-01-01 2023-12-31 09893127 frs-core:CurrentFinancialInstruments 2023-12-31 09893127 frs-core:SharePremium 2023-12-31 09893127 frs-core:ShareCapital 2023-12-31 09893127 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09893127 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09893127 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09893127 frs-bus:SmallEntities 2023-01-01 2023-12-31 09893127 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09893127 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09893127 1 2023-01-01 2023-12-31 09893127 frs-core:CostValuation 2022-12-31 09893127 frs-core:CostValuation 2023-12-31 09893127 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 09893127 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 09893127 frs-bus:Director1 2023-01-01 2023-12-31 09893127 frs-bus:Director2 2023-01-01 2023-12-31 09893127 frs-bus:Director3 2023-01-01 2023-12-31 09893127 frs-countries:EnglandWales 2023-01-01 2023-12-31 09893127 2021-12-31 09893127 2022-12-31 09893127 2022-01-01 2022-12-31 09893127 frs-core:CurrentFinancialInstruments 2022-12-31 09893127 frs-core:SharePremium 2022-12-31 09893127 frs-core:ShareCapital 2022-12-31 09893127 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09893127
Fluid Transfer Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09893127
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investments 3 4 4
4 4
CURRENT ASSETS
Debtors 4 1,391,945 943,331
Cash at bank and in hand 4,410 203,036
1,396,355 1,146,367
Creditors: Amounts Falling Due Within One Year 5 (926,782 ) (988,451 )
NET CURRENT ASSETS (LIABILITIES) 469,573 157,916
TOTAL ASSETS LESS CURRENT LIABILITIES 469,577 157,920
NET ASSETS 469,577 157,920
CAPITAL AND RESERVES
Called up share capital 6 31,508 31,508
Share premium account 1,531,796 1,531,796
Profit and Loss Account (1,093,727 ) (1,405,384 )
SHAREHOLDERS' FUNDS 469,577 157,920
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Page 2
For the year ending 31 December 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 Treve Hendry
Director
27/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The going concern risk was further mitigated as they are part of the Argent Industrial Limited Group.
1.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2022: 3)
3 3
3. Investments
Other
£
Cost
As at 1 January 2023 442,386
As at 31 December 2023 442,386
Provision
As at 1 January 2023 442,382
As at 31 December 2023 442,382
Net Book Value
As at 31 December 2023 4
As at 1 January 2023 4
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 349,988 -
Amounts owed by group undertakings 1,041,957 943,331
1,391,945 943,331
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT 58,331 10,000
Other creditors 868,451 978,451
926,782 988,451
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 31,508 31,508
7. Ultimate Controlling Party
The company's ultimate controlling party is Argent Industrial Limited based in South Africa by virtue of his ownership of 100% of the issued share capital in the company.
8. General Information
Fluid Transfer Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09893127 . The registered office is Unit 16 Mill Park, Hawks Green Industrial Estate, Cannock, WS11 7XT.
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