Company Registration No. 08227089 (England and Wales)
Friday Pulse Limited
Unaudited accounts
for the year ended 30 September 2024
Friday Pulse Limited
Unaudited accounts
Contents
Friday Pulse Limited
Company Information
for the year ended 30 September 2024
Directors
Richard Aston
Nicholas Marks
Angela Miles
Company Number
08227089 (England and Wales)
Registered Office
INTERNATIONAL HOUSE
64 NILE STREET
LONDON
N1 7SR
UNITED KINGDOM
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Friday Pulse Limited
Statement of financial position
as at 30 September 2024
Intangible assets
-
177,362
Tangible assets
1,721
3,237
Cash at bank and in hand
57,538
104,231
Creditors: amounts falling due within one year
(1,691,950)
(1,725,933)
Net current liabilities
(1,539,819)
(1,580,461)
Net liabilities
(1,538,098)
(1,399,862)
Called up share capital
251
251
Share premium
2,104,940
2,104,940
Profit and loss account
(3,643,289)
(3,505,053)
Shareholders' funds
(1,538,098)
(1,399,862)
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 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 5 August 2025 and were signed on its behalf by
Richard Aston
Director
Company Registration No. 08227089
Friday Pulse Limited
Notes to the Accounts
for the year ended 30 September 2024
Friday Pulse Limited is a private company, limited by shares, registered in England and Wales, registration number 08227089. The registered office is INTERNATIONAL HOUSE, 64 NILE STREET, LONDON, N1 7SR, UNITED KINGDOM.
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.
The directors believe that the company has adequate financial resources to continue in operation for the foreseeable future and accordingly the annual financial statements have been prepared on a going concern basis.
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:
Fixtures & fittings
33.33%
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Expenditure on research and development is written off in the year in which it is incurred.
Research and development Policy
During the financial year, Friday Pulse Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Friday Pulse Limited
Notes to the Accounts
for the year ended 30 September 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other
At 1 October 2023
1,563,380
At 30 September 2024
1,563,380
At 1 October 2023
1,386,018
Charge for the year
177,362
At 30 September 2024
1,563,380
At 30 September 2023
177,362
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Tangible fixed assets
Computer equipment
At 30 September 2024
3,885
At 30 September 2024
2,164
At 30 September 2024
1,721
At 30 September 2023
3,237
Friday Pulse Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Trade debtors
24,555
38,264
Accrued income and prepayments
70,038
2,062
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,165
11,164
Loans from directors
1,571,872
1,546,872
Deferred income
89,693
130,673
Allotted, called up and fully paid:
251,005 Ordinary shares of £0.001 each
251.00
251.00
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(1,545,630)
-
25,000
(1,570,630)
(1,546,872)
-
25,000
(1,571,872)
Directors' loans are interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 7 (2023: 7).