Registered number
10965921
Fido Payroll Limited
Filleted Accounts
30 September 2024
Fido Payroll Limited
Registered number: 10965921
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 912 1,824
Current assets
Debtors 4 2,078 3,121
Cash at bank and in hand 3,375 6,679
5,453 9,800
Creditors: amounts falling due within one year 5 (315) (884)
Net current assets 5,138 8,916
Net assets 6,050 10,740
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,950 10,640
Shareholder's funds 6,050 10,740
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.
Gareth Griffiths
Director
Approved by the board on 4 November 2024
Fido Payroll Limited
Notes to the Accounts
for the year ended 30 September 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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 4,575
At 30 September 2024 4,575
Depreciation
At 1 October 2023 2,751
Charge for the year 912
At 30 September 2024 3,663
Net book value
At 30 September 2024 912
At 30 September 2023 1,824
4 Debtors 2024 2023
£ £
Trade debtors 1,544 3,121
Other debtors 534 -
2,078 3,121
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 569
Other creditors 315 315
315 884
6 Other information
Fido Payroll Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Mulberry Close
Heald Green
Cheadle
Cheshire
SK8 3NJ
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