Registered number
06268961
Fida Systems Ltd
Filleted Accounts
30 June 2024
Fida Systems Ltd
Registered number: 06268961
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,517 14,396
Current assets
Debtors 4 227,898 148,915
Cash at bank and in hand 156,160 171,614
384,058 320,529
Creditors: amounts falling due within one year 5 (122,761) (120,768)
Net current assets 261,297 199,761
Total assets less current liabilities 272,814 214,157
Creditors: amounts falling due after more than one year 6 (11,997) (15,596)
Net assets 260,817 198,561
Capital and reserves
Called up share capital 1 1
Profit and loss account 260,816 198,560
Shareholder's funds 260,817 198,561
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
M.Given
Director
Approved by the board on 18 September 2024
Fida Systems Ltd
Notes to the Accounts
for the year ended 30 June 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 6,334 17,995 24,329
At 30 June 2024 6,334 17,995 24,329
Depreciation
At 1 July 2023 6,334 3,599 9,933
Charge for the year - 2,879 2,879
At 30 June 2024 6,334 6,478 12,812
Net book value
At 30 June 2024 - 11,517 11,517
At 30 June 2023 - 14,396 14,396
4 Debtors 2024 2023
£ £
Trade debtors 227,898 148,915
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 46,074 69,602
Taxation and social security costs 31,117 6,710
Other creditors 45,570 44,456
122,761 120,768
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 11,997 15,596
7 Other information
Fida Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
158 Verne Road
North Shields
Tyne & Wear
NE29 7DQ
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