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Company Registration No. 13910099 (England and Wales)
Ford Tech Biggleswade Ltd Unaudited accounts for the year ended 31 March 2024
Ford Tech Biggleswade Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
192,547 
258,563 
Tangible assets
4,430 
5,089 
196,977 
263,652 
Current assets
Inventories
1,580 
1,170 
Debtors
7,908 
1,118 
Cash at bank and in hand
266,631 
155,057 
276,119 
157,345 
Creditors: amounts falling due within one year
(452,676)
(417,540)
Net current liabilities
(176,557)
(260,195)
Total assets less current liabilities
20,420 
3,457 
Provisions for liabilities
Deferred tax
(1,108)
(967)
Net assets
19,312 
2,490 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,212 
2,390 
Shareholders' funds
19,312 
2,490 
For the year ending 31 March 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 25 November 2024 and were signed on its behalf by
R Allen Director Company Registration No. 13910099
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Ford Tech Biggleswade Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ford Tech Biggleswade Ltd is a private company, limited by shares, registered in England and Wales, registration number 13910099. The registered office is Unit 2 119 Shortmead Street, Biggleswade, Bedfordshire, SG18 0BB.
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 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.
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% Reducing balance
Fixtures & fittings
33% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ford Tech Biggleswade Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
330,080 
At 31 March 2024
330,080 
Amortisation
At 1 April 2023
71,517 
Charge for the year
66,016 
At 31 March 2024
137,533 
Net book value
At 31 March 2024
192,547 
At 31 March 2023
258,563 
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
5,310 
- 
5,310 
Additions
- 
759 
759 
At 31 March 2024
5,310 
759 
6,069 
Depreciation
At 1 April 2023
221 
- 
221 
Charge for the year
1,272 
146 
1,418 
At 31 March 2024
1,493 
146 
1,639 
Net book value
At 31 March 2024
3,817 
613 
4,430 
At 31 March 2023
5,089 
- 
5,089 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,331 
567 
Other debtors
1,577 
551 
7,908 
1,118 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
18,961 
17,097 
Taxes and social security
71,923 
45,066 
Other creditors
361,792 
355,377 
452,676 
417,540 
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Ford Tech Biggleswade Ltd Notes to the Accounts for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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