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Company Registration No. 10550795 (England and Wales)
Focaldata Limited Unaudited accounts for the year ended 31 January 2024
Focaldata Limited Unaudited accounts Contents
Page
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Focaldata Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,031 
4,548 
Current assets
Debtors
1,296,053 
324,633 
Cash at bank and in hand
2,039,493 
1,617,054 
3,335,546 
1,941,687 
Creditors: amounts falling due within one year
(612,638)
(271,958)
Net current assets
2,722,908 
1,669,729 
Total assets less current liabilities
2,765,939 
1,674,277 
Creditors: amounts falling due after more than one year
(143,061)
(199,281)
Net assets
2,622,878 
1,474,996 
Capital and reserves
Called up share capital
20,499 
20,499 
Share premium
2,541,612 
2,541,612 
Profit and loss account
60,767 
(1,087,115)
Shareholders' funds
2,622,878 
1,474,996 
For the year ending 31 January 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 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 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 of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by
J Ibbett Director Company Registration No. 10550795
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Focaldata Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Focaldata Limited is a private company, limited by shares, registered in England and Wales, registration number 10550795. The registered office is Flat 6, Monohaus, 143 Mare Street, Hackney, London, E83FW, United Kingdom.
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. 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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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: Computer Equipment : 33.33% on SLM
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
8,281 
Additions
48,412 
At 31 January 2024
56,693 
Depreciation
At 1 February 2023
3,733 
Charge for the year
9,929 
At 31 January 2024
13,662 
Net book value
At 31 January 2024
43,031 
At 31 January 2023
4,548 
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Focaldata Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
932,109 
324,633 
Other debtors
363,944 
- 
1,296,053 
324,633 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
438,982 
173,500 
Taxes and social security
57,120 
60,853 
Other creditors
7,296 
3,628 
Loans from directors
30,177 
30,177 
Accruals
3,800 
3,800 
Deferred income
75,263 
- 
612,638 
271,958 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
143,061 
199,281 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2,049,900 Ordinary shares of £0.01 each
20,499 
20,499 
9
Transactions with related parties
At the year end the company owed £30,177 (2023 - £30,177) to the director in respect of an interest free loan which is repayable on demand.
10
Average number of employees
During the year the average number of employees was 22 (2023: 13).
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