Company Registration No. 13596109 (England and Wales)
Fluid Drape Logic Ltd
Unaudited accounts
for the year ended 30 September 2024
Fluid Drape Logic Ltd
Unaudited accounts
Contents
Fluid Drape Logic Ltd
Company Information
for the year ended 30 September 2024
Company Number
13596109 (England and Wales)
Registered Office
The Elsie Whiteley Innovation Centre
C/O Pinnacle, Hopwood Lane
Halifax
HX1 5ER
England
Accountants
Pinnacle Chartered Accountants & Tax Advisors
The Elsie Whiteley Innovation Centre
Hopwood Lane
Halifax
HX1 5ER
Fluid Drape Logic Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
441,498
307,279
Cash at bank and in hand
111,593
35,675
Creditors: amounts falling due within one year
(55,813)
(23,865)
Net current assets
168,456
74,452
Total assets less current liabilities
609,954
381,731
Creditors: amounts falling due after more than one year
(46,076)
(62,227)
Provisions for liabilities
Deferred tax
(110,375)
(58,383)
Net assets
453,503
261,121
Called up share capital
1
1
Profit and loss account
453,502
261,120
Shareholders' funds
453,503
261,121
For the year ending 30 September 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 30 June 2025 and were signed on its behalf by
Mr Javed Anwar
Director
Company Registration No. 13596109
Fluid Drape Logic Ltd
Notes to the Accounts
for the year ended 30 September 2024
Fluid Drape Logic Ltd is a private company, limited by shares, registered in England and Wales, registration number 13596109. The registered office is The Elsie Whiteley Innovation Centre, C/O Pinnacle, Hopwood Lane, Halifax, HX1 5ER, England.
2
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 remained unchanged from the previous year, and also 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
15% on cost
Motor vehicles
10% on cost
Fixtures & fittings
15% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Fluid Drape Logic Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Total
At 30 September 2024
604,045
Charge for the year
86,610
At 30 September 2024
162,547
At 30 September 2024
441,498
At 30 September 2023
307,279
5
Deferred taxation
2024
2023
Accelerated capital allowances
110,375
58,383
Provision at start of year
58,383
24,329
Charged to the profit and loss account
51,992
34,054
Provision at end of year
110,375
58,383
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).