Company Registration No. 11604512 (England and Wales)
Fibrelogix Ltd
Unaudited accounts
for the year ended 31 October 2024
Fibrelogix Ltd
Unaudited accounts
Contents
Fibrelogix Ltd
Company Information
for the year ended 31 October 2024
Company Number
11604512 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
Fibrelogix Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
19,107
32,084
Cash at bank and in hand
5,242
27,513
Creditors: amounts falling due within one year
(5,612)
(10,468)
Net current assets
1,403
29,090
Total assets less current liabilities
20,510
61,174
Creditors: amounts falling due after more than one year
(1,300)
(3,700)
Provisions for liabilities
Deferred tax
(3,002)
(4,865)
Called up share capital
100
100
Profit and loss account
16,108
52,509
Shareholders' funds
16,208
52,609
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 February 2025 and were signed on its behalf by
Devon Scott
Director
Company Registration No. 11604512
Fibrelogix Ltd
Notes to the Accounts
for the year ended 31 October 2024
Fibrelogix Ltd is a private company, limited by shares, registered in England and Wales, registration number 11604512. The registered office is 128 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 years on cost
Computer equipment
3 years on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fibrelogix Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
59,679
10,355
70,034
Disposals
(2,766)
-
(2,766)
At 31 October 2024
56,913
10,562
67,475
At 1 November 2023
32,311
5,639
37,950
Charge for the year
7,813
2,697
10,510
At 31 October 2024
40,032
8,336
48,368
At 31 October 2024
16,881
2,226
19,107
At 31 October 2023
27,368
4,716
32,084
Amounts falling due within one year
Accrued income and prepayments
1,456
2,129
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,400
2,400
Taxes and social security
2,586
4,255
Loans from directors
382
219
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).