Company Registration No. 9998413 (England and Wales)
Fountainhead Technologies Ltd
Unaudited accounts
for the year ended 31 January 2025
Fountainhead Technologies Ltd
Unaudited accounts
Contents
Fountainhead Technologies Ltd
Company Information
for the year ended 31 January 2025
Company Number
9998413 (England and Wales)
Registered Office
VILLA HOUSE
7 HERBERT TERRACE
PENARTH
SOUTH GLAMORGAN
CF64 2AH
UNITED KINGDOM
Accountants
Evans Entwistle
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Fountainhead Technologies Ltd
for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fountainhead Technologies Ltd for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
12 September 2025
Fountainhead Technologies Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
7,472
12,223
Cash at bank and in hand
67,485
53,794
Creditors: amounts falling due within one year
(65,469)
(41,502)
Net current assets
18,736
25,917
Total assets less current liabilities
26,208
51,740
Provisions for liabilities
Deferred tax
(1,420)
(2,322)
Called up share capital
1
1
Profit and loss account
24,787
49,417
Shareholders' funds
24,788
49,418
For the year ending 31 January 2025 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 director acknowledges his 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 and authorised for issue on 12 September 2025 and were signed on its behalf by
Warren Seymour
Director
Company Registration No. 9998413
Fountainhead Technologies Ltd
Notes to the Accounts
for the year ended 31 January 2025
Fountainhead Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 9998413. The registered office is VILLA HOUSE, 7 HERBERT TERRACE, PENARTH, SOUTH GLAMORGAN, CF64 2AH, 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.
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:
Plant & machinery
10 years straight line
Fixtures & fittings
5 years straight line
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Fountainhead Technologies Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
7,630
3,976
14,100
25,706
At 31 January 2025
7,630
3,976
14,100
25,706
At 1 February 2024
1,017
1,559
10,907
13,483
Charge for the year
763
795
3,193
4,751
At 31 January 2025
1,780
2,354
14,100
18,234
At 31 January 2025
5,850
1,622
-
7,472
At 31 January 2024
6,613
2,417
3,193
12,223
5
Investments
Other investments
Valuation at 1 February 2024
13,600
Valuation at 31 January 2025
-
Amounts falling due within one year
Other debtors
16,720
5,000
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
62,166
40,197
Fountainhead Technologies Ltd
Notes to the Accounts
for the year ended 31 January 2025
8
Deferred taxation
2025
2024
Accelerated capital allowances
1,420
2,322
Provision at start of year
2,322
3,321
Credited to the profit and loss account
(902)
(999)
Provision at end of year
1,420
2,322
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).