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REGISTERED NUMBER: 09302652 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

F1Linux Limited

F1Linux Limited (Registered number: 09302652)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

F1Linux Limited

Company Information
for the Year Ended 28 February 2024







DIRECTOR: T B Houlahan





REGISTERED OFFICE: 11 Ducketts Wharf
Bishop's Stortford
CM23 3AR





REGISTERED NUMBER: 09302652 (England and Wales)





ACCOUNTANTS: Ascott Blake Ltd
11 Ducketts Wharf
Bishop's Stortford
Hertfordshire
CM23 3AR

F1Linux Limited (Registered number: 09302652)

Balance Sheet
28 February 2024

28/2/24 28/2/23
Notes £    £   
FIXED ASSETS
Tangible assets 3 1,813 3,113

CURRENT ASSETS
Debtors 4 131 751
Cash at bank 35 485
166 1,236
CREDITORS
Amounts falling due within one year 5 (25,310 ) (22,679 )
NET CURRENT LIABILITIES (25,144 ) (21,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,331

)

(18,330

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (23,431 ) (18,430 )
(23,331 ) (18,330 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2024 and were signed by:





T B Houlahan - Director


F1Linux Limited (Registered number: 09302652)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Computer Equipment - 25% Straight line

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

F1Linux Limited (Registered number: 09302652)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 28 February 2024 13,251
DEPRECIATION
At 1 March 2023 10,138
Charge for year 1,300
At 28 February 2024 11,438
NET BOOK VALUE
At 28 February 2024 1,813
At 28 February 2023 3,113

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/24 28/2/23
£    £   
Other debtors 131 751

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/24 28/2/23
£    £   
Other creditors 25,310 22,679

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
F1Linux Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of F1Linux Limited for the year ended 28 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of F1Linux Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of F1Linux Limited and state those matters that we have agreed to state to the director of F1Linux Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that F1Linux Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of F1Linux Limited. You consider that F1Linux Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of F1Linux Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ascott Blake Ltd
11 Ducketts Wharf
Bishop's Stortford
Hertfordshire
CM23 3AR


Date: .............................................