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REGISTERED NUMBER: 01367302 (England and Wales)














Floatdale Limited

Unaudited Financial Statements

for the Year Ended 5 April 2024






Floatdale Limited (Registered number: 01367302)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Floatdale Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: G.P. Hudson
Mrs C A Curtis





REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA





REGISTERED NUMBER: 01367302 (England and Wales)





ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA

Floatdale Limited (Registered number: 01367302)

Balance Sheet
5 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,553 124,553

CURRENT ASSETS
Stocks 145,000 145,000
Debtors 5 1,400 -
Cash at bank 151,705 134,431
298,105 279,431
CREDITORS
Amounts falling due within one year 6 10,206 9,653
NET CURRENT ASSETS 287,899 269,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,452

394,331

CAPITAL AND RESERVES
Called up share capital 50 50
Revaluation reserve 7 (299,950 ) (299,950 )
Retained earnings 712,352 694,231
SHAREHOLDERS' FUNDS 412,452 394,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Floatdale Limited (Registered number: 01367302)

Balance Sheet - continued
5 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:





G.P. Hudson - Director


Floatdale Limited (Registered number: 01367302)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Floatdale Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Floatdale Limited (Registered number: 01367302)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 6 April 2023
and 5 April 2024 124,553 1,310 2,622 128,485
DEPRECIATION
At 6 April 2023
and 5 April 2024 - 1,310 2,622 3,932
NET BOOK VALUE
At 5 April 2024 124,553 - - 124,553
At 5 April 2023 124,553 - - 124,553

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,400 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) -
Taxation 6,035 4,276
Other creditors 3,240 3,120
Directors' current accounts 932 2,257
10,206 9,653

7. RESERVES
Revaluation
reserve
£   
At 6 April 2023
and 5 April 2024 (299,950 )

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.