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REGISTERED NUMBER: SC575925 (Scotland)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Focis Ltd

Focis Ltd (Registered number: SC575925)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Focis Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: P J Ryan
Ms F J Traill





REGISTERED OFFICE: Antonine Hub
Antonine House
Callendar Boulevard
Falkirk
FK1 1XE





REGISTERED NUMBER: SC575925 (Scotland)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
Ben Loyal Lodge
25 Kenilworth Road
Bridge Of Allan
Stirling
FK9 4EH

Focis Ltd (Registered number: SC575925)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,706 109,058
Tangible assets 5 1,156 1,726
54,862 110,784

CURRENT ASSETS
Stocks - 6,500
Debtors 6 105,198 88,427
Cash at bank - 4,799
105,198 99,726
CREDITORS
Amounts falling due within one year 7 143,023 184,695
NET CURRENT LIABILITIES (37,825 ) (84,969 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,037

25,815

CREDITORS
Amounts falling due after more than one
year

8

16,339

24,828
NET ASSETS 698 987

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 98 387
698 987

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 directors acknowledge their 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.

Focis Ltd (Registered number: SC575925)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 30 November 2024 and were signed on its behalf by:





P J Ryan - Director


Focis Ltd (Registered number: SC575925)

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

1. STATUTORY INFORMATION

Focis Ltd is a private company, limited by shares , registered in Scotland. 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 generally represents net invoiced sales of services, excluding value added tax.

Ongoing services are invoiced during the month to which they relate.

Development work for customers is recognised according to the stage of completion of milestones reached on each contract. Judgment is required as regards the assessment of the stage of completion and profit recognition. Where income has been recognised during the year, but has not yet been invoiced, the amount is included with as Work in Progress, within Stocks, on the balance sheet.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

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

Focis Ltd (Registered number: SC575925)

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 156,081
Additions 8,993
Disposals (50,729 )
At 29 February 2024 114,345
AMORTISATION
At 1 March 2023 47,023
Charge for year 18,689
Eliminated on disposal (5,073 )
At 29 February 2024 60,639
NET BOOK VALUE
At 29 February 2024 53,706
At 28 February 2023 109,058

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 5,297
DEPRECIATION
At 1 March 2023 3,573
Charge for year 568
At 29 February 2024 4,141
NET BOOK VALUE
At 29 February 2024 1,156
At 28 February 2023 1,724

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,640 88,427
Other debtors 102,558 -
105,198 88,427

Focis Ltd (Registered number: SC575925)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 19,166 9,280
Trade creditors 31,454 81,744
Taxation and social security 90,928 91,126
Other creditors 1,475 2,545
143,023 184,695

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 16,339 24,828

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
P J Ryan
Balance outstanding at start of year 66,585 50,661
Amounts advanced 40,090 49,478
Amounts repaid (32,880 ) (33,554 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,795 66,585

Interest is charged on the overdrawn balance at the official HMRC rate of 2.25%.

10. GOING CONCERN

At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future. As a result, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Focis Ltd

The following reproduces the text of the report prepared for the directors 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 Directors 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 Focis Ltd for the year ended 29 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Focis Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Focis Ltd and state those matters that we have agreed to state to the Board of Directors of Focis Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Focis Ltd 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 profit of Focis Ltd. You consider that Focis Ltd 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 Focis Ltd. 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.






Goddard Accounting and Tax Solutions
Ben Loyal Lodge
25 Kenilworth Road
Bridge Of Allan
Stirling
FK9 4EH


30 November 2024