Company Registration No. NI704990 (Northern Ireland)
Fraction One Ltd
Unaudited accounts
for the period from 17 November 2023 to 30 November 2024
Fraction One Ltd
Unaudited accounts
Contents
Fraction One Ltd
Company Information
for the period from 17 November 2023 to 30 November 2024
Directors
David McLarnon
Kevin Stitt
Company Number
NI704990 (Northern Ireland)
Registered Office
4 Crescent Park
Lisburn
BT28 8GN
United Kingdom
Fraction One Ltd
Statement of financial position
as at 30 November 2024
Cash at bank and in hand
16,603
Creditors: amounts falling due within one year
(52,743)
Net current liabilities
(31,738)
Called up share capital
10
Profit and loss account
164
For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by
David McLarnon
Director
Company Registration No. NI704990
Fraction One Ltd
Notes to the Accounts
for the period from 17 November 2023 to 30 November 2024
Fraction One Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI704990. The registered office is 4 Crescent Park, Lisburn, BT28 8GN, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Motor vehicles
At 30 November 2024
39,890
Charge for the period
7,978
At 30 November 2024
31,912
Amounts falling due within one year
Fraction One Ltd
Notes to the Accounts
for the period from 17 November 2023 to 30 November 2024
6
Creditors: amounts falling due within one year
2024
Obligations under finance leases and hire purchase contracts
38,452
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Average number of employees
During the period the average number of employees was 0.