2023-04-01 02889476 2024-03-31 02889476 2023-04-01 2024-03-31 02889476 2023-03-31 02889476 2022-04-01 2023-03-31 02889476 uk-core:WithinOneYear 2023-03-31 02889476 uk-core:WithinOneYear 2024-03-31 02889476 uk-core:AfterOneYear 2023-03-31 02889476 uk-core:AfterOneYear 2024-03-31 02889476 uk-core:ShareCapital 2024-03-31 02889476 uk-core:ShareCapital 2023-03-31 02889476 uk-core:SharePremium 2024-03-31 02889476 uk-core:SharePremium 2023-03-31 02889476 uk-core:InvestmentPropertiesRevaluationReserve 2024-03-31 02889476 uk-core:InvestmentPropertiesRevaluationReserve 2023-03-31 02889476 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 02889476 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 02889476 uk-bus:Director1 2023-04-01 2024-03-31 02889476 uk-core:NetGoodwill 2023-04-01 2024-03-31 02889476 uk-core:FurnitureFittings 2023-03-31 02889476 uk-core:MotorCars 2023-03-31 02889476 uk-core:PlantMachinery 2023-03-31 02889476 uk-core:PlantMachinery 2024-03-31 02889476 uk-core:MotorCars 2024-03-31 02889476 uk-core:FurnitureFittings 2024-03-31 02889476 uk-core:FurnitureFittings 2023-04-01 2024-03-31 02889476 uk-core:MotorCars 2023-04-01 2024-03-31 02889476 uk-core:PlantMachinery 2023-04-01 2024-03-31 02889476 uk-core:WithinOneYear uk-core:Secured 2024-03-31 02889476 uk-core:WithinOneYear uk-core:Secured 2023-03-31 02889476 uk-core:WithinOneYear 2024-03-31 02889476 uk-core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure 02889476 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02889476 uk-bus:FRS102 2023-04-01 2024-03-31 02889476 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 02889476 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Floatzone Limited
Registered Number:02889476
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Floatzone Limited
Contents Page
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Statement of Financial Position
3 to 4
Notes to the Financial Statements
3
Registered Number :
02889476
As at 31 March 2024
Floatzone Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
69,991
89,416
2
3
4,224,387
4,224,387
Investment property
4,294,378
4,313,803
Current assets
Trade and other receivables
7,867
9,239
4
22,718
Cash and cash equivalents
30,743
39,982
30,585
Trade and other payables: amounts falling due within one
year
(2,332,123)
(2,426,060)
5
(2,301,538)
(2,386,078)
Net current liabilities
Total assets less current liabilities
1,908,300
2,012,265
Trade and other payables: amounts falling due after more
than one year
(109,487)
(55,223)
6
(245,512)
(245,512)
Provisions for liabilities
1,607,565
Net assets
1,657,266
Capital and reserves
Called up share capital
125
125
Share premium account
224,975
224,975
Fair value reserve
649,673
649,673
Retained earnings
732,792
782,493
1,607,565
1,657,266
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
02889476
For the year ended 31 March 2024
Floatzone Limited
Statement of Financial Position Continued
Mr Mark Vali Director
These financial statements were approved and authorised for issue by the Board on 26 December 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Floatzone Limited
Notes to the Financial Statements
Statutory Information
Floatzone Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02889476.
Registered address:
129
Bridge Street
Macclesfield
Cheshire
SK11 6QE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years.
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
299,490
142,741
153,373
3,376
At 31 March 2024
3,376
153,373
142,741
299,490
Provision for depreciation and impairment
At 01 April 2023
210,074
137,556
69,142
3,376
Charge for year
19,425
1,035
18,390
-
At 31 March 2024
229,499
138,591
87,532
3,376
At 31 March 2024
Net book value
-
65,841
4,150
69,991
At 31 March 2023
-
84,231
5,185
89,416
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6
For the year ended 31 March 2024
Floatzone Limited
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 April 2023
4,224,387
At 31 March 2024
4,224,387
Net book value
At 31 March 2024
4,224,387
At 31 March 2023
4,224,387
4. Trade and other receivables
2023
2024
£
£
Trade debtors
4,635
3,263
Other debtors
4,604
4,604
7,867
9,239
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
1,866,489
1,926,312
Bank loans and overdraft
42,536
14,631
Taxation and social security
30,734
37,102
Other creditors
486,301
354,078
2,426,060
2,332,123
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
-
32,562
Other creditors
55,223
76,925
55,223
109,487
7. Average number of persons employed
During the year the average number of employees was 3(2023 : 3)
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