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REGISTERED NUMBER: 09383921 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

FLOATING POINT WELLNESS LTD

FLOATING POINT WELLNESS LTD (REGISTERED NUMBER: 09383921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2025




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


FLOATING POINT WELLNESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 January 2025







DIRECTOR: Mr M Cordova





SECRETARY: Mrs T Cordova





REGISTERED OFFICE: Ground Floor
Bourne House
Horseshoe Road
Pangbourne
Reading
RG8 7JQ





REGISTERED NUMBER: 09383921 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

FLOATING POINT WELLNESS LTD (REGISTERED NUMBER: 09383921)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,245 25,832

CURRENT ASSETS
Debtors 5 14,718 10,520
Cash at bank 855 1
15,573 10,521
CREDITORS
Amounts falling due within one year 6 215,708 196,160
NET CURRENT LIABILITIES (200,135 ) (185,639 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(175,890

)

(159,807

)

CREDITORS
Amounts falling due after more than one year 7 4,283 4,529
NET LIABILITIES (180,173 ) (164,336 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (180,175 ) (164,338 )
SHAREHOLDERS' FUNDS (180,173 ) (164,336 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 11 July 2025 and were signed by:





Mr M Cordova - Director


FLOATING POINT WELLNESS LTD (REGISTERED NUMBER: 09383921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2025

1. STATUTORY INFORMATION

Floating Point Wellness Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

FLOATING POINT WELLNESS LTD (REGISTERED NUMBER: 09383921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2025

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2024
and 31 January 2025 19,858 52,183 558 72,599
DEPRECIATION
At 1 February 2024 - 46,339 428 46,767
Charge for year - 1,461 126 1,587
At 31 January 2025 - 47,800 554 48,354
NET BOOK VALUE
At 31 January 2025 19,858 4,383 4 24,245
At 31 January 2024 19,858 5,844 130 25,832

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 220
Other debtors 9,500 9,500
Prepayments 5,218 800
14,718 10,520

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,894 7,936
Trade creditors 489 (486 )
Social security and other taxes 632 1,871
Other creditors 50,688 48,223
Directors' current accounts 64,055 65,869
Accruals and deferred income 88,950 72,747
215,708 196,160

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 2-5 years 4,283 4,529

8. SECURED DEBTS

On 15 July 2015 Hugh Michael Hansen registered a fixed charge over the company.

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had financial commitments of £3,965 (2024: £22,997).

FLOATING POINT WELLNESS LTD (REGISTERED NUMBER: 09383921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 January 2025

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
Mr M Cordova
Balance outstanding at start of year (65,869 ) (61,832 )
Amounts advanced 37,095 33,702
Amounts repaid (35,281 ) (37,739 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (64,055 ) (65,869 )

The loan from the director has no repayment terms and does not attract interest.

Included within other creditors are unsecured loans of £50,687 (2023: £48,223) from family members of the director. These loans do not have repayment terms and do not attract interest.