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REGISTERED NUMBER: 01596771 (England and Wales)






Unaudited Financial Statements

for the Period 1st April 2023 to 30th March 2024

for

FOCUS OFFICE EQUIPMENT LIMITED

FOCUS OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 01596771)






Contents of the Financial Statements
for the Period 1st April 2023 to 30th March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOCUS OFFICE EQUIPMENT LIMITED

Company Information
for the Period 1st April 2023 to 30th March 2024







Directors: D M Samuel
Mrs K A Samuel
C M Samuel





Secretary: Mrs K A Samuel





Registered office: Belmont House
Bayswater Farm Road
Headington
Oxford
OX3 8BX





Registered number: 01596771 (England and Wales)





Accountants: S G Beale and Co
Chartered Accountants
1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU

FOCUS OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 01596771)

Balance Sheet
30th March 2024

2023 2024
£    £    Notes £    £   
FIXED ASSETS
- Intangible assets 4 -
394,834 Tangible assets 5 430,870
394,834 430,870

CURRENT ASSETS
299,424 Debtors 6 454,426
82,198 Cash at bank 109,511
381,622 563,937
CREDITORS
235,031 Amounts falling due within one year 7 291,196
146,591 NET CURRENT ASSETS 272,741

541,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

703,611

CREDITORS

(96,512

)
Amounts falling due after more than one
year

8

(245,006

)

(258 ) PROVISIONS FOR LIABILITIES 10 -
444,655 NET ASSETS 458,605

CAPITAL AND RESERVES
5,104 Called up share capital 11 5,104
439,551 Retained earnings 12 453,501
444,655 SHAREHOLDERS' FUNDS 458,605

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30th March 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.

FOCUS OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 01596771)

Balance Sheet - continued
30th March 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 27th March 2025 and were signed on its behalf by:





D M Samuel - Director


FOCUS OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 01596771)

Notes to the Financial Statements
for the Period 1st April 2023 to 30th March 2024

1. STATUTORY INFORMATION

Focus Office Equipment 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.

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 represents net invoiced sales of services excluding VAT.

The company operates support contracts in respect of the provision of software and income is recognised on a time basis evenly over the period of the contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of seventeen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment & furniture - 25% on written down values
Computer equipment - 25% on written down values

Taxation
Taxation for the period 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 period 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


FOCUS OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 01596771)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 30th March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1st April 2023
and 30th March 2024 55,000
Amortisation
At 1st April 2023
and 30th March 2024 55,000
Net book value
At 30th March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Office
Freehold equipment Motor Computer
Totals property & furniture vehicles equipment
£    £    £    £    £   
Cost
At 1st April 2023 479,175 375,000 23,959 29,505 50,711
Additions 46,610 - 388 45,495 727
At 30th March 2024 525,785 375,000 24,347 75,000 51,438
Depreciation
At 1st April 2023 84,341 - 18,714 22,228 43,399
Charge for period 10,574 - 1,404 7,193 1,977
At 30th March 2024 94,915 - 20,118 29,421 45,376
Net book value
At 30th March 2024 430,870 375,000 4,229 45,579 6,062
At 31st March 2023 394,834 375,000 5,245 7,277 7,312

FOCUS OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 01596771)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 30th March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,808 8,298
Amounts owed by group undertakings 437,488 263,999
Prepayments and accrued income 3,130 3,127
Other debtors - 24,000
454,426 299,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,600 29,600
Hire purchase contracts 25,180 -
Trade creditors 70,771 78,769
Corporation tax 52,862 31,191
Social security and other taxes 9,551 4,468
VAT 46,688 37,068
Directors' current accounts 1,210 118
Sundry creditors and accruals 14,041 13,101
Deferred income 41,293 40,716
291,196 235,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 68,860 96,512
Hire purchase contracts 176,146 -
245,006 96,512

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 98,460 126,112

The bank loan is secured by way of a debenture over the assets of the company

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances - 258

FOCUS OFFICE EQUIPMENT LIMITED (REGISTERED NUMBER: 01596771)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 30th March 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 258
Credit to Income Statement during period (258 )
Balance at 30th March 2024 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,004 Ordinary 1 5,004 5,004
100 Ordinary B 1 100 100
5,104 5,104

12. RESERVES
Retained
earnings
£   

At 1st April 2023 439,551
Profit for the period 268,950
Dividends (255,000 )
At 30th March 2024 453,501

13. ULTIMATE CONTROLLING PARTY

The controlling party is D M Samuel.