Company Registration No. 13932483 (England and Wales)
Float Norwich Ltd
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
Float Norwich Ltd
Unaudited accounts
Contents
Float Norwich Ltd
Company Information
for the period from 1 March 2023 to 28 February 2024
Director
Mrs Sara Gilbert-Smith
Company Number
13932483 (England and Wales)
Registered Office
UNIT 5B FOLGATE ROAD
NORTH WALSHAM
NORFOLK
NR28 0AJ
ENGLAND
Float Norwich Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
6,824
8,593
Cash at bank and in hand
10,633
9,360
Creditors: amounts falling due within one year
(31,299)
(32,311)
Net current liabilities
(20,416)
(22,701)
Net liabilities
(13,592)
(14,108)
Called up share capital
100
-
Profit and loss account
(13,692)
(14,108)
Shareholders' funds
(13,592)
(14,108)
For the period ending 28 February 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 her 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 and authorised for issue on 22 October 2024 and were signed on its behalf by
Mrs Sara Gilbert-Smith
Director
Company Registration No. 13932483
Float Norwich Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Float Norwich Ltd is a private company, limited by shares, registered in England and Wales, registration number 13932483. The registered office is UNIT 5B FOLGATE ROAD, NORTH WALSHAM, NORFOLK, NR28 0AJ, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
25% Straight Line Method
Fixtures & fittings
25% Straight Line Method
Computer equipment
25% Straight Line Method
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
11,242
-
-
11,242
At 28 February 2024
11,242
386
736
12,364
At 1 March 2023
2,649
-
-
2,649
Charge for the period
2,811
49
31
2,891
At 28 February 2024
5,460
49
31
5,540
At 28 February 2024
5,782
337
705
6,824
At 28 February 2023
8,593
-
-
8,593
Float Norwich Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,763
-
Trade creditors
4,886
7,952
Taxes and social security
28
(1,032)
Loans from directors
10,664
24,333
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Average number of employees
During the period the average number of employees was 3 (2023: 3).