Registered number
04977068
Figures 4u Ltd
Filleted Accounts
31 December 2024
Figures 4u Ltd
Registered number: 04977068
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 12,454 12,227
Cash at bank and in hand 38,003 36,014
50,457 48,241
Creditors: amounts falling due within one year 5 (22,933) (23,444)
Net current assets 27,524 24,797
Net assets 27,524 24,797
Capital and reserves
Called up share capital 1 1
Profit and loss account 27,523 24,796
Shareholders' funds 27,524 24,797
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Helen Romain
Director
Approved by the board on 27 March 2025
Figures 4u Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 1,525
At 31 December 2024 1,525
Depreciation
At 1 January 2024 1,525
At 31 December 2024 1,525
Net book value
At 31 December 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 11,809 11,234
Other debtors 645 993
12,454 12,227
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 323 45
Taxation and social security costs 15,984 13,941
Other creditors 6,626 9,458
22,933 23,444
6 Other information
Figures 4u Ltd is a private company limited by shares and incorporated in England. Its registered office is:
36 Dents Close
Letchworth Garden City
Herts
SG6 2TP
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