Falcone Technologies Limited - Filleted accounts

Falcone Technologies Limited
Registered number:		07176673
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		1,189			362
Financial assets			7,258			-
			8,447			362

Current assets
Debtors	5	72,368			284,475
Cash at bank and in hand		92			7,929
		72,460			292,404

Creditors: amounts falling due within one year	6	(177,305)			(218,966)

Net current (liabilities)/assets			(104,845)			73,438

Net (liabilities)/assets			(96,398)			73,800

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			(97,398)			72,800

Shareholder's funds			(96,398)			73,800

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P Gaiba
Director
Approved by the board on 22 September 2025

Falcone Technologies Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Going concern
	The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The director considers the company to be a going concern, notwithstanding that there are losses of £97,398. They have reviewed the potential future of the company and consider that it will continue to trade profitable for the foreseeable future.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.



2	Exceptional items					2025		2024
£							£

	Loan write off					50,425		-
						50,425		-


3	Employees and directors					2025		2024
Number							Number

	Average number of directors and persons employed by the company					1		1


4	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 April 2024							722
	Additions							1,343
	At 31 March 2025							2,065

	Depreciation
	At 1 April 2024							360
	Charge for the year							516
	At 31 March 2025							876

	Net book value
	At 31 March 2025							1,189
	At 31 March 2024							362




5	Debtors					2025		2024
£							£

	Trade debtors					3,350		118,674
	Accrued income					-		81,150
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					26,798		25,732
	Other debtors					42,220		58,919
						72,368		284,475


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					169,840		136,613
	Accruals					1,425		21,388
	Corporation tax					-		2,362
	Other taxes and social security costs					6,040		8,859
	Other creditors					-		49,744
						177,305		218,966


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	P Gaiba
	Repayable on demand	-		33,901		-		33,901

		-		33,901		-		33,901


8	Other information

	Falcone Technologies Limited is a private company limited by shares and incorporated in England. Its registered office is:
	269 Farnborough Road
	Farnborough
	Hampshire
	GU14 7LY