Company registration number 04850545 (England and Wales)
FRIEND TECHNOLOGY PARTNERS LIMITED
Unaudited financial statements
For the period ended 30 June 2024
FRIEND TECHNOLOGY PARTNERS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FRIEND TECHNOLOGY PARTNERS LIMITED
BALANCE SHEET
As at 30 June 2024
- 1 -
30 June 2024
30 April 2023
Notes
£
£
£
£
Current assets
Debtors
3
444
3,214
Cash at bank and in hand
-
0
34
444
3,248
Creditors: amounts falling due within one year
4
(331)
(857)
Net current assets
113
2,391
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
13
2,291
Total equity
113
2,391

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 6 March 2025 and are signed on its behalf by:
Mrs D Friend
Director
Company registration number 04850545 (England and Wales)

The notes on pages 2 to 3 form part of these financial statements.

FRIEND TECHNOLOGY PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the period ended 30 June 2024
- 2 -
1
Accounting policies
Company information

Friend Technology Partners Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9th Floor, Eleven Brindleyplace, 2 Brunswick Square, Birmingham, B1 2LP.

1.1
Reporting period

The company's accounting period was extended to cover the period up to the date of cessation of trading.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

 

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FRIEND TECHNOLOGY PARTNERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (continued)
For the period ended 30 June 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
444
55
Other debtors
-
0
3,159
444
3,214
4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
331
857
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