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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
Page
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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
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Friday Pulse Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
177,362 
Tangible assets
1,721 
3,237 
1,721 
180,599 
Current assets
Debtors
94,593 
41,241 
Cash at bank and in hand
57,538 
104,231 
152,131 
145,472 
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)
Capital and reserves
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
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Friday Pulse Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Going concern
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%
Computer equipment
25.00%
Intangible fixed assets
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.
Research and development
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.
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Friday Pulse Limited Notes to the Accounts for the year ended 30 September 2024
Financial instruments
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.
Pension costs
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.
Foreign exchange
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 
£ 
Cost
At 1 October 2023
1,563,380 
At 30 September 2024
1,563,380 
Amortisation
At 1 October 2023
1,386,018 
Charge for the year
177,362 
At 30 September 2024
1,563,380 
Net book value
At 30 September 2024
- 
At 30 September 2023
177,362 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
5,020 
Disposals
(1,135)
At 30 September 2024
3,885 
Depreciation
At 1 October 2023
1,783 
Charge for the year
1,295 
On disposals
(914)
At 30 September 2024
2,164 
Net book value
At 30 September 2024
1,721 
At 30 September 2023
3,237 
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Friday Pulse Limited Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,555 
38,264 
Accrued income and prepayments
70,038 
2,062 
Other debtors
- 
915 
94,593 
41,241 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
13,240 
19,594 
Trade creditors
312 
4,413 
Taxes and social security
6,165 
11,164 
Loans from directors
1,571,872 
1,546,872 
Accruals
10,668 
13,217 
Deferred income
89,693 
130,673 
1,691,950 
1,725,933 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
251,005 Ordinary shares of £0.001 each
251.00 
251.00 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Richard Aston
(1,242)
- 
- 
(1,242)
Nicholas Marks
(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).
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