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REGISTERED NUMBER: 11420523 (England and Wales)














Floteck Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Floteck Limited (Registered number: 11420523)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Floteck Limited

Company Information
for the Year Ended 30 June 2024







Directors: P Myson
J Myson





Registered office: Monica House
St. Augustines Road
Wisbech
PE13 3AD





Registered number: 11420523 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Floteck Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Floteck Limited for the year ended 30 June 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Floteck Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Floteck Limited and state those matters that we have agreed to state to the Board of Directors of Floteck Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Floteck Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Floteck Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Floteck Limited. You consider that Floteck Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Floteck Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


18 March 2025

Floteck Limited (Registered number: 11420523)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 29,341 9,433

Current assets
Stocks 2,500 2,500
Debtors 6 15,467 7,446
Cash at bank 24,670 10,270
42,637 20,216
Creditors
Amounts falling due within one year 7 17,042 12,883
Net current assets 25,595 7,333
Total assets less current liabilities 54,936 16,766

Creditors
Amounts falling due after more than one
year

8

(24,066

)

-

Provisions for liabilities (7,335 ) (2,358 )
Net assets 23,535 14,408

Capital and reserves
Called up share capital 100 100
Retained earnings 23,435 14,308
23,535 14,408

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.

Floteck Limited (Registered number: 11420523)

Statement of Financial Position - continued
30 June 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 12 March 2025 and were signed on its behalf by:





P Myson - Director


Floteck Limited (Registered number: 11420523)

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


1. Statutory information

Floteck 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on a straight line basis

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Floteck Limited (Registered number: 11420523)

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


3. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2023 23,701
Additions 32,290
Disposals (10,795 )
At 30 June 2024 45,196
Depreciation
At 1 July 2023 14,268
Charge for year 9,820
Eliminated on disposal (8,233 )
At 30 June 2024 15,855
Net book value
At 30 June 2024 29,341
At 30 June 2023 9,433

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 5,461 4,488
Other debtors 5,006 2,259
VAT - 699
Prepayments and accrued income 5,000 -
15,467 7,446

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 4,682 -
Tax 5,323 10,652
Social security and other taxes 1,423 -
VAT 3,364 -
Directors' loan accounts 461 441
Accruals and deferred income 1,789 1,790
17,042 12,883

Floteck Limited (Registered number: 11420523)

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


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 24,066 -

9. Related party disclosures

During the year the directors have made a loan to the company of £461 (2023: £441).
The loan is unsecured, interest free and repayable on demand.