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REGISTERED NUMBER: 09424549 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

FLOAT CONTROL LIMITED

FLOAT CONTROL LIMITED (REGISTERED NUMBER: 09424549)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FLOAT CONTROL LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2025







DIRECTORS: T P Oxtoby
Mrs A M Oxtoby





SECRETARY: T P Oxtoby





REGISTERED OFFICE: 15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB





REGISTERED NUMBER: 09424549 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

FLOAT CONTROL LIMITED (REGISTERED NUMBER: 09424549)

BALANCE SHEET
28th February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 426,355 151,183

CURRENT ASSETS
Debtors 5 63,388 145,748
Cash at bank 15,387 44,074
78,775 189,822
CREDITORS
Amounts falling due within one year 6 313,523 229,144
NET CURRENT LIABILITIES (234,748 ) (39,322 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,607

111,861

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 191,507 111,761
SHAREHOLDERS' FUNDS 191,607 111,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th July 2025 and were signed on its behalf by:





T P Oxtoby - Director


FLOAT CONTROL LIMITED (REGISTERED NUMBER: 09424549)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2025

1. STATUTORY INFORMATION

Float Control Limited 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.

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.
Land and buildings - not provided and remaining period of lease

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

FLOAT CONTROL LIMITED (REGISTERED NUMBER: 09424549)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2025

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st March 2024 151,183
Additions 275,172
At 28th February 2025 426,355
NET BOOK VALUE
At 28th February 2025 426,355
At 29th February 2024 151,183

The freehold property is maintained and the director considers the value to be in- line with the cost and therefore no depreciation or revaluation is considered necessary.

The leasehold property is considered to be worth at least cost and will be written off over the lease term after the first full year of ownership.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 60,000 60,000
Other debtors 3,388 85,748
63,388 145,748

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Taxation and social security 24,826 8,374
Other creditors 288,697 220,770
313,523 229,144

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
100 Ordinary £1 100 100

FLOAT CONTROL LIMITED (REGISTERED NUMBER: 09424549)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2025

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2025 and 29th February 2024:

28.2.25 29.2.24
£    £   
T P Oxtoby
Balance outstanding at start of year 85,748 224,566
Amounts repaid (85,748 ) (138,818 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 85,748