| Faltrego Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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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 rendering of services. Turnover from the rendering of services is recognised at completion of the contract. |
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Tangible fixed assets |
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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: |
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|
Computer Equipment |
over 5 years |
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Debtors |
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Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price, which is usually the invoice price. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
7 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2024 |
49,091 |
|
Disposals |
(1,400) |
|
At 31 March 2025 |
47,691 |
|
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|
|
|
|
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Depreciation |
|
At 1 April 2024 |
17,205 |
|
Charge for the year |
9,817 |
|
On disposals |
(560) |
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At 31 March 2025 |
26,462 |
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Net book value |
|
At 31 March 2025 |
21,229 |
|
At 31 March 2024 |
31,886 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
22,617 |
|
67,133 |
|
Other debtors |
9,937 |
|
7,898 |
|
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|
|
|
|
32,554 |
|
75,031 |
|
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
3,015 |
|
1,349 |
|
Taxation and social security costs |
7,436 |
|
50,536 |
|
Other creditors |
233 |
|
989 |
|
|
|
|
|
|
10,684 |
|
52,874 |
|
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| 6 |
Related party transactions |
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Included in other debtors is an amount of £8,530 (2024: £7,898) which is owed by the directors to the company. |
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| 7 |
Other information |
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Faltrego Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
International House |
|
64 Nile Street |
|
London |
|
N1 7SR |