1 false false false false false false false false false false true false false false false false false 2024-03-01 Sage Accounts Production Advanced 2024 - FRS102_2024 64,734 773 65,507 61,271 1,357 62,628 2,879 3,463 918 198 720 xbrli:pure xbrli:shares iso4217:GBP 05356487 2024-03-01 2025-02-28 05356487 2025-02-28 05356487 2024-02-29 05356487 2023-03-01 2024-02-29 05356487 2024-02-29 05356487 2023-02-28 05356487 bus:Director1 2024-03-01 2025-02-28 05356487 core:DeferredTaxation 2024-03-01 2025-02-28 05356487 core:WithinOneYear 2025-02-28 05356487 core:WithinOneYear 2024-02-29 05356487 core:ShareCapital 2025-02-28 05356487 core:ShareCapital 2024-02-29 05356487 core:RetainedEarningsAccumulatedLosses 2025-02-28 05356487 core:RetainedEarningsAccumulatedLosses 2024-02-29 05356487 core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 05356487 core:AcceleratedTaxDepreciationDeferredTax 2024-02-29 05356487 core:DeferredTaxation 2024-02-29 05356487 core:DeferredTaxation 2025-02-28 05356487 bus:SmallEntities 2024-03-01 2025-02-28 05356487 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 05356487 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 05356487 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05356487 bus:FullAccounts 2024-03-01 2025-02-28 05356487 core:OfficeEquipment 2024-02-29 05356487 core:OfficeEquipment 2024-03-01 2025-02-28 05356487 core:OfficeEquipment 2025-02-28
COMPANY REGISTRATION NUMBER: 05356487
Fluid Flow Limited
Filleted Unaudited Financial Statements
For the year ended
28 February 2025
Fluid Flow Limited
Financial Statements
Year ended 28 February 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Fluid Flow Limited
Statement of Financial Position
28 February 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
2,879
3,463
Current assets
Debtors
6
33,056
69,248
Cash at bank and in hand
393,247
362,705
---------
---------
426,303
431,953
Creditors: amounts falling due within one year
7
17,117
28,545
---------
---------
Net current assets
409,186
403,408
---------
---------
Total assets less current liabilities
412,065
406,871
Provisions
8
720
918
---------
---------
Net assets
411,345
405,953
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
410,345
404,953
---------
---------
Shareholders funds
411,345
405,953
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 July 2025 , and are signed on behalf of the board by:
Dr J D Wicks
Director
Company registration number: 05356487
Fluid Flow Limited
Notes to the Financial Statements
Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ. The company trades from The Magdalen Centre, Robert Robinson Avenue, The Oxford Science Park, Oxford, OX4 4GA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the income statement represents services provided during the year, exclusive of Value Added Tax and in respect of long-term contracts and contracts for on-going services, the value of work done in the year. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
20, 25 or 33% per annum straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Office equipment
£
Cost
At 1 March 2024
64,734
Additions
773
--------
At 28 February 2025
65,507
--------
Depreciation
At 1 March 2024
61,271
Charge for the year
1,357
--------
At 28 February 2025
62,628
--------
Carrying amount
At 28 February 2025
2,879
--------
At 29 February 2024
3,463
--------
6. Debtors
2025
2024
£
£
Trade debtors
6,180
16,290
Other debtors
26,876
52,958
--------
--------
33,056
69,248
--------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Social security and other taxes
14,912
26,445
Other creditors
2,205
2,100
--------
--------
17,117
28,545
--------
--------
8. Provisions
Deferred tax (note 9)
£
At 1 March 2024
918
Movement in year
( 198)
----
At 28 February 2025
720
----
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions (note 8)
720
918
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Accelerated capital allowances
720
918
----
----
10. Director's advances, credits and guarantees
The director maintained a loan account with the company throughout the year. At the start of the year the amount owed by the director was £29,976 (2024 £30,132). The loan was increased by drawings totalling £63,970 (2024 £109,525) and interest charged of £157 (2024 £1,001), and was reduced by repayments totalling £91,009 (2024 £110,682). At the year end the balance owing by the director was £3,094 (2024 £29,976). No amounts were written off during the year (2024 £Nil).