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REGISTERED NUMBER: SC242320 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

FLUID & FILTER LTD

FLUID & FILTER LTD (REGISTERED NUMBER: SC242320)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

FLUID & FILTER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: D R Shepcar





SECRETARY: Mrs J E Shepcar





REGISTERED OFFICE: Reclaimed Ground
The Harbour
Fraserburgh
Aberdeenshire
AB43 9TD





REGISTERED NUMBER: SC242320 (Scotland)





ACCOUNTANTS: Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

FLUID & FILTER LTD (REGISTERED NUMBER: SC242320)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,916 11,261

CURRENT ASSETS
Stocks 27,214 24,805
Debtors 5 31,605 34,383
Cash at bank and in hand - 232
58,819 59,420
CREDITORS
Amounts falling due within one year 6 40,080 41,817
NET CURRENT ASSETS 18,739 17,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,655

28,864

CREDITORS
Amounts falling due after more than one
year

7

(27,940

)

(27,940

)

PROVISIONS FOR LIABILITIES (614 ) (821 )
NET ASSETS 101 103

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1 3
101 103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FLUID & FILTER LTD (REGISTERED NUMBER: SC242320)

BALANCE SHEET - continued
31ST JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th October 2024 and were signed by:





D R Shepcar - Director


FLUID & FILTER LTD (REGISTERED NUMBER: SC242320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Fluid & Filter Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

FLUID & FILTER LTD (REGISTERED NUMBER: SC242320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
Property machinery equipment Totals
£    £    £    £   
COST
At 1st February 2023 6,800 15,467 1,029 23,296
Disposals - (1,910 ) (50 ) (1,960 )
At 31st January 2024 6,800 13,557 979 21,336
DEPRECIATION
At 1st February 2023 - 11,561 474 12,035
Charge for year - 976 139 1,115
Eliminated on disposal - (1,701 ) (29 ) (1,730 )
At 31st January 2024 - 10,836 584 11,420
NET BOOK VALUE
At 31st January 2024 6,800 2,721 395 9,916
At 31st January 2023 6,800 3,906 555 11,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,242 23,531
Other debtors 1,096 852
Director's current account 10,267 10,000
31,605 34,383

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,035 10,393
Trade creditors 19,213 10,839
Corporation tax 2,930 13,683
Other creditors 6,902 6,902
40,080 41,817

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 27,940 27,940

FLUID & FILTER LTD (REGISTERED NUMBER: SC242320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023:

2024 2023
£    £   
D R Shepcar
Balance outstanding at start of year 10,000 4,427
Amounts advanced 267 22,459
Amounts repaid - (16,886 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,267 10,000

The Director's loan is interest free and has been repaid within 9 months of the Company year end date.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FLUID & FILTER LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fluid & Filter Ltd for the year ended 31st January 2024 which comprise the Statement of Income and Retained Earnings, 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 firm 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/rulebook.

This report is made solely to the director of Fluid & Filter Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fluid & Filter Ltd and state those matters that we have agreed to state to the director of Fluid & Filter Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Fluid & Filter Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fluid & Filter Ltd. You consider that Fluid & Filter Ltd 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 financial statements of Fluid & Filter Ltd. 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 statutory financial statements.






Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


7th October 2024