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Company Registration No. 10298315 (England and Wales)
Faultless Limited Unaudited accounts for the year ended 31 March 2024
Faultless Limited Unaudited accounts Contents
Page
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Faultless Limited Company Information for the year ended 31 March 2024
Director
Piotr Ostrowski
Secretary
Anna Augustyniak
Company Number
10298315 (England and Wales)
Registered Office
Unit 14 63 JEDDO ROAD London W12 9EE ENGLAND
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Faultless Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,694 
1,589 
Current assets
Cash at bank and in hand
49,061 
34,023 
Creditors: amounts falling due within one year
(11,803)
(15,992)
Net current assets
37,258 
18,031 
Net assets
38,952 
19,620 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
38,852 
19,520 
Shareholders' funds
38,952 
19,620 
For the year ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 24 September 2024 and were signed on its behalf by
Piotr Ostrowski Director Company Registration No. 10298315
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Faultless Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Faultless Limited is a private company, limited by shares, registered in England and Wales, registration number 10298315. The registered office is Unit 14, 63 JEDDO ROAD, London, W12 9EE, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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:
Plant & machinery
18% WDA
Computer equipment
25% STRAIGHT LINE
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
3,098 
Additions
910 
At 31 March 2024
4,008 
Depreciation
At 1 April 2023
1,509 
Charge for the year
805 
At 31 March 2024
2,314 
Net book value
At 31 March 2024
1,694 
At 31 March 2023
1,589 
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Faultless Limited Notes to the Accounts for the year ended 31 March 2024
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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