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Registered number: 07592049
Focus Technology Europe Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Polkinghorne Chartered Accountants
112 Alexandra Road
Illogan
Cornwall
TR16 4EN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07592049
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 255,159 245,847
255,159 245,847
CURRENT ASSETS
Stocks 5 28,785 33,000
Debtors 6 84,493 64,662
Cash at bank and in hand 39,017 47,182
152,295 144,844
Creditors: Amounts Falling Due Within One Year 7 (220,872 ) (156,501 )
NET CURRENT ASSETS (LIABILITIES) (68,577 ) (11,657 )
TOTAL ASSETS LESS CURRENT LIABILITIES 186,582 234,190
Creditors: Amounts Falling Due After More Than One Year 8 (113,377 ) (119,262 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,315 ) (3,170 )
NET ASSETS 69,890 111,758
CAPITAL AND RESERVES
Called up share capital 9 2 2
Other reserves 38,246 38,246
Profit and Loss Account 31,642 73,510
SHAREHOLDERS' FUNDS 69,890 111,758
Page 1
Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Davenport
Director
3 November 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Focus Technology Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07592049 . The registered office is Unit 3, Woodmine Business Park, Semmens Way, Redruth, Cornwall, TR15 1FU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 3% straight line basis
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 3 years straight line basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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2.5. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 10)
10 10
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 252,244 3,391 23,967 3,725
Additions 16,894 928 - -
As at 31 March 2025 269,138 4,319 23,967 3,725
Depreciation
As at 1 April 2024 20,543 1,535 14,057 1,990
Provided during the period 8,074 696 1,982 434
As at 31 March 2025 28,617 2,231 16,039 2,424
Net Book Value
As at 31 March 2025 240,521 2,088 7,928 1,301
As at 1 April 2024 231,701 1,856 9,910 1,735
Computer Equipment Total
£ £
Cost
As at 1 April 2024 24,841 308,168
Additions 4,749 22,571
As at 31 March 2025 29,590 330,739
Depreciation
As at 1 April 2024 24,196 62,321
Provided during the period 2,073 13,259
As at 31 March 2025 26,269 75,580
Net Book Value
As at 31 March 2025 3,321 255,159
As at 1 April 2024 645 245,847
5. Stocks
31 March 2025 31 March 2024
£ £
Stock 28,785 33,000
Page 4
Page 5
6. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 60,214 64,656
Net wages 325 6
Director's loan account 23,954 -
84,493 64,662
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 103,387 46,584
Bank loans and overdrafts 12,735 23,405
Corporation tax 12,673 21,570
Other taxes and social security 5,240 3,328
VAT 44,145 16,772
Pensions Creditor 1,055 527
SWIG Loan 40,957 -
Accruals and deferred income 680 680
Director's loan account - 43,635
220,872 156,501
8. Creditors: Amounts Falling Due After More Than One Year
31 March 2025 31 March 2024
£ £
Bank loans 113,377 119,262
9. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 2 2
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 March 2025 31 March 2024
£ £
Not later than one year 7,246 7,400
Later than one year and not later than five years 1,683 -
8,929 7,400
Page 5
Page 6
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Andrew Davenport - 37,451 13,497 - 23,954
The above loan is unsecured and repayable on demand. During the year interest was charged on this loan totalling £114 (2024 - £Nil).
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