Registered number
04690780
Fluent Limited
Unaudited Filleted Accounts
31 March 2024
Fluent Limited
Registered number: 04690780
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Tangible assets 3 938,872 716,996
Current assets
Debtors 4 14,475 22,422
Cash at bank and in hand 381,850 581,809
396,325 604,231
Creditors: amounts falling due within one year 5 (20,223) (18,522)
Net current assets 376,102 585,709
Total assets less current liabilities 1,314,974 1,302,705
Provisions for liabilities (14,655) (14,655)
Net assets 1,300,319 1,288,050
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,300,219 1,287,950
Shareholder's funds 1,300,319 1,288,050
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.
JS Gilpin
Director
Approved by the board on 21 November 2024
Fluent Limited
Notes to the Accounts
for the year ended 31 March 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.
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:
Land and buildings 2% reducing balance
Plant and machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 767,451 246,905 33,650 1,048,006
Additions 186,939 83,835 - 270,774
At 31 March 2024 954,390 330,740 33,650 1,318,780
Depreciation
At 1 April 2023 127,588 173,141 30,281 331,010
Charge for the year 16,536 31,520 842 48,898
At 31 March 2024 144,124 204,661 31,123 379,908
Net book value
At 31 March 2024 810,266 126,079 2,527 938,872
At 31 March 2023 639,863 73,764 3,369 716,996
4 Debtors 2024 2023
£ £
Trade debtors 8,124 17,922
Other debtors 6,351 4,500
14,475 22,422
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,970 1,130
Corporation tax - 2,675
Other taxes and social security costs - 3,464
Other creditors 11,253 11,253
20,223 18,522
6 Controlling party
The controlling party is Mr JS Gilpin, the sole director of the company by virtue of his ownership of 100% of the issued share capital of the company.
7 Other information
Fluent Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 Walton Terrace
Aylesbury
Buckinghamshire
HP21 7QY
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