PTP Accounts Production v24.3.0.553 06563546 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065635462023-02-28065635462024-02-29065635462023-03-012024-02-29065635462022-02-28065635462022-03-012023-02-28065635462023-02-2806563546ns15:EnglandWales2023-03-012024-02-2906563546ns14:PoundSterling2023-03-012024-02-2906563546ns10:Director12023-03-012024-02-2906563546ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2906563546ns10:SmallEntities2023-03-012024-02-2906563546ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2906563546ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906563546ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906563546ns10:FullAccounts2023-03-012024-02-290656354612023-03-012024-02-2906563546ns10:RegisteredOffice2023-03-012024-02-2906563546ns5:CurrentFinancialInstruments2024-02-2906563546ns5:CurrentFinancialInstruments2023-02-2806563546ns5:ShareCapital2024-02-2906563546ns5:ShareCapital2023-02-2806563546ns5:RetainedEarningsAccumulatedLosses2024-02-2906563546ns5:RetainedEarningsAccumulatedLosses2023-02-2806563546ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2906563546ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-012024-02-2906563546ns5:IntangibleAssetsOtherThanGoodwill2023-02-2806563546ns5:IntangibleAssetsOtherThanGoodwill2024-02-2906563546ns5:IntangibleAssetsOtherThanGoodwill2023-02-2806563546ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2906563546ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 06563546 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Floating Energy Systems Ltd

Floating Energy Systems Ltd (Registered number: 06563546)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Floating Energy Systems Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: G Ross





REGISTERED OFFICE: Tenby Place
102 Selby Road
West Bridgford
Nottingham
NG2 7BA





REGISTERED NUMBER: 06563546 (England and Wales)





ACCOUNTANTS: Global Payroll Services Ltd
Tenby Place
102 Selby Road
West Bridgford
Nottingham
NG2 7BA

Floating Energy Systems Ltd (Registered number: 06563546)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 46,112

CURRENT ASSETS
Debtors 5 14,916 24,954
Cash at bank 145,596 69,114
160,512 94,068
CREDITORS
Amounts falling due within one year 6 23,894 23,063
NET CURRENT ASSETS 136,618 71,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,618

117,117

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,518 117,017
SHAREHOLDERS' FUNDS 136,618 117,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 27 November 2024 and were signed by:





G Ross - Director


Floating Energy Systems Ltd (Registered number: 06563546)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Floating Energy Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Floating Energy Systems Ltd (Registered number: 06563546)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023 47,123
Disposals (47,123 )
At 29 February 2024 -
AMORTISATION
At 1 March 2023 1,011
Eliminated on disposal (1,011 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 46,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 12,259 15,559
Tax 2,657 8,921
VAT - 474
14,916 24,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 14,375 5,347
Other creditors 9,519 17,716
23,894 23,063