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REGISTERED NUMBER: SC478168 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Fluid Performance Solutions Ltd

Fluid Performance Solutions Ltd (Registered number: SC478168)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fluid Performance Solutions Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D White
Mrs M D C M Aragon





REGISTERED OFFICE: 26 Elizabeth Avenue
Grangemouth
Stirlingshire
FK3 9DE





REGISTERED NUMBER: SC478168 (Scotland)





ACCOUNTANTS: Norman Foster Accountancy Services
78 Carronshore Road
Carron
Falkirk
FK2 8EE

Fluid Performance Solutions Ltd (Registered number: SC478168)

Balance Sheet
31 May 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 24,642

CURRENT ASSETS
Debtors 5 37,997
Cash at bank 225,285
263,282
CREDITORS
Amounts falling due within one year 6 174,462
NET CURRENT ASSETS 88,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,462

CREDITORS
Amounts falling due after more than
one year

7

(8,232

)

PROVISIONS FOR LIABILITIES (3,088 )
NET ASSETS 102,142

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings 9 102,042
SHAREHOLDERS' FUNDS 102,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Fluid Performance Solutions Ltd (Registered number: SC478168)

Balance Sheet - continued
31 May 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 28 January 2025 and were signed on its behalf by:





D White - Director


Fluid Performance Solutions Ltd (Registered number: SC478168)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

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

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 - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Fluid Performance Solutions Ltd (Registered number: SC478168)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 19,204 42,505 11,689 73,398
Additions - - 4,406 4,406
At 31 May 2024 19,204 42,505 16,095 77,804
DEPRECIATION
At 1 June 2023 18,443 17,711 7,983 44,137
Charge for year 251 6,949 1,825 9,025
At 31 May 2024 18,694 24,660 9,808 53,162
NET BOOK VALUE
At 31 May 2024 510 17,845 6,287 24,642
At 31 May 2023 761 24,794 3,706 29,261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 37,997

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 3,794
Trade creditors 111,165
Taxation and social security 22,989
Other creditors 36,514
174,462

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Hire purchase contracts 8,232

Fluid Performance Solutions Ltd (Registered number: SC478168)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 131,784
Profit for the year 45,258
Dividends (75,000 )
At 31 May 2024 102,042