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REGISTERED NUMBER: 04510195 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

FFT Limited

FFT Limited (Registered number: 04510195)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FFT Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I Sluckis
A L Caplan
S Bacall
R I Frankl





SECRETARY: Mrs L Gouldman





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





REGISTERED NUMBER: 04510195 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

FFT Limited (Registered number: 04510195)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,095,320 3,277,398
Tangible assets 5 31,249 35,981
3,126,569 3,313,379

CURRENT ASSETS
Debtors 6 2,137,367 2,023,956
Cash at bank and in hand 4,752 2,662
2,142,119 2,026,618
CREDITORS
Amounts falling due within one year 7 1,297,122 1,254,461
NET CURRENT ASSETS 844,997 772,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,971,566

4,085,536

CREDITORS
Amounts falling due after more than one
year

8

2,225,296

2,801,810
NET ASSETS 1,746,270 1,283,726

CAPITAL AND RESERVES
Called up share capital 1,176 1,176
Share premium 99,824 99,824
Retained earnings 1,645,270 1,182,726
1,746,270 1,283,726

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.

FFT Limited (Registered number: 04510195)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





A L Caplan - Director


FFT Limited (Registered number: 04510195)

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

1. STATUTORY INFORMATION

FFT 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 the invoice value of goods and services provided net of value added tax.

Revenue from contracts to provide goods and services are recognised in the period in which the goods and services are provided in accordance with the stage of completion of the contract.

Bank interest is recognised in the period in which it is received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty 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.
Land and buildings - 20% on reducing balance
Plant and machinery etc - 25% on reducing balance

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

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.

FFT Limited (Registered number: 04510195)

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

2. 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.

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.

Going concern
The company's financial statements for the year ended 30 June 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 3,641,558
AMORTISATION
At 1 July 2023 364,160
Charge for year 182,078
At 30 June 2024 546,238
NET BOOK VALUE
At 30 June 2024 3,095,320
At 30 June 2023 3,277,398

FFT Limited (Registered number: 04510195)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 809 53,689 54,498
Additions - 4,888 4,888
At 30 June 2024 809 58,577 59,386
DEPRECIATION
At 1 July 2023 182 18,335 18,517
Charge for year 125 9,495 9,620
At 30 June 2024 307 27,830 28,137
NET BOOK VALUE
At 30 June 2024 502 30,747 31,249
At 30 June 2023 627 35,354 35,981

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,979,659 1,870,332
Other debtors 157,708 153,624
2,137,367 2,023,956

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 102,459 117,286
Trade creditors 73,111 84,014
Taxation and social security 339,225 328,693
Other creditors 782,327 724,468
1,297,122 1,254,461

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 85,793
Other creditors 2,225,296 2,716,017
2,225,296 2,801,810

FFT Limited (Registered number: 04510195)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 84,929 160,793

10. ULTIMATE CONTROLLING PARTY

The company is controlled by its' directors by virtue of their shareholding.