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REGISTERED NUMBER: 09065346 (England and Wales)












FILISIA INTERFACES LTD

Unaudited Financial Statements

for the Year Ended 30 June 2024






FILISIA INTERFACES LTD (REGISTERED NUMBER: 09065346)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FILISIA INTERFACES LTD

Company Information
for the Year Ended 30 June 2024







Directors: Ms R De Vries
Deepbridge Ned Limited
M Komondouros





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 09065346 (England and Wales)





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

FILISIA INTERFACES LTD (REGISTERED NUMBER: 09065346)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 335,877 332,181
Tangible assets 5 3,968 8,177
339,845 340,358

Current assets
Stocks 6 11,323 11,352
Debtors 7 94,563 151,678
Cash at bank 44,882 62,128
150,768 225,158
Creditors
Amounts falling due within one year 8 97,867 143,619
Net current assets 52,901 81,539
Total assets less current liabilities 392,746 421,897

Creditors
Amounts falling due after more than one year 9 2,594 4,801
Net assets 390,152 417,096

Capital and reserves
Called up share capital 3,106 2,479
Share premium 2,062,499 1,713,127
Retained earnings (1,675,453 ) (1,298,510 )
Shareholders' funds 390,152 417,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 27 January 2025 and were signed on its behalf by:





M Komondouros - Director


FILISIA INTERFACES LTD (REGISTERED NUMBER: 09065346)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

Filisia Interfaces 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
Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it tobe capable of operating in the manner intended by management.

Amortisation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Amortisation is provided on the following basis:
R&D Capitalisation Cost - 5 Years

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it tobe capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Computer Equipment - 3 Years
Office Equipment - 4 Years

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 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.

FILISIA INTERFACES LTD (REGISTERED NUMBER: 09065346)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. Employees and directors

The average number of employees during the year was 5 (2023 - 7 ) .

4. Intangible fixed assets
Development
costs
£   
Cost
At 1 July 2023 370,885
Additions 97,342
At 30 June 2024 468,227
Amortisation
At 1 July 2023 38,704
Amortisation for year 93,646
At 30 June 2024 132,350
Net book value
At 30 June 2024 335,877
At 30 June 2023 332,181

5. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 July 2023 22,725
Additions 553
At 30 June 2024 23,278
Depreciation
At 1 July 2023 14,548
Charge for year 4,762
At 30 June 2024 19,310
Net book value
At 30 June 2024 3,968
At 30 June 2023 8,177

6. Stocks
30/6/24 30/6/23
£    £   
Finished goods 11,323 11,352

7. Debtors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Trade debtors 34,619 62,590
Tax 21,210 52,629
Prepayments 38,734 36,459
94,563 151,678

FILISIA INTERFACES LTD (REGISTERED NUMBER: 09065346)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. Creditors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 2,556 2,556
Trade creditors 34,747 42,729
Social security and other taxes 22,067 45,194
VAT 5,296 6,870
Other creditors 1,300 29,966
Deferred income 24,645 15,524
Accrued expenses 7,256 780
97,867 143,619

9. Creditors: amounts falling due after more than one year
30/6/24 30/6/23
£    £   
Bank loans - 1-2 years 2,594 -
Bank loans - 2-5 years - 4,801
2,594 4,801