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Company Registration No. 13910099 (England and Wales)
Ford Tech Biggleswade Ltd Unaudited accounts for the year ended 31 March 2025
Ford Tech Biggleswade Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
126,531
192,547
Tangible assets
5
3,226
4,430
129,757
196,977
Current assets
Inventories
2,430
1,580
Debtors
6
6,858
7,908
Cash at bank and in hand
273,976
266,631
283,264
276,119
Creditors: amounts falling due within one year
7
(348,030)
(452,676)
Net current liabilities
(64,766)
(176,557)
Total assets less current liabilities
64,991
20,420
Provisions for liabilities
Deferred tax
(807)
(1,108)
Net assets
64,184
19,312
Capital and reserves
Called up share capital
100
100
Profit and loss account
64,084
19,212
Shareholders' funds
64,184
19,312
For the year ending 31 March 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 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 6 October 2025 and were signed on its behalf by
R Allen Director Company Registration No. 13910099
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Ford Tech Biggleswade Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Ford Tech Biggleswade Ltd is a private company, limited by shares, registered in England and Wales, registration number 13910099. The registered office is Unit 2 119 Shortmead Street, Biggleswade, Bedfordshire, SG18 0BB.
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.
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
25% Reducing balance
Fixtures & fittings
33% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
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Ford Tech Biggleswade Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
330,080
At 31 March 2025
330,080
Amortisation
At 1 April 2024
137,533
Charge for the year
66,016
At 31 March 2025
203,549
Net book value
At 31 March 2025
126,531
At 31 March 2024
192,547
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
5,310
759
6,069
At 31 March 2025
5,310
759
6,069
Depreciation
At 1 April 2024
1,493
146
1,639
Charge for the year
954
250
1,204
At 31 March 2025
2,447
396
2,843
Net book value
At 31 March 2025
2,863
363
3,226
At 31 March 2024
3,817
613
4,430
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
5,324
6,331
Other debtors
1,534
1,577
6,858
7,908
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
26,170
18,961
Taxes and social security
83,769
71,923
Other creditors
238,091
361,792
348,030
452,676
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Ford Tech Biggleswade Ltd Notes to the Accounts for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 2 (2024: 1).
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