Fluidity Service Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11259141

Fluidity Service Limited

Filleted Unaudited Financial Statements

31 March 2025

Fluidity Service Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Fluidity Service Limited

Statement of Financial Position

31 March 2025

	2025	2024
		(restated)
Note	£	£

Fixed assets

Tangible assets	5	258,311	234,930

Current assets

Stocks		11,339	1,406
Debtors	6	355,038	187,410
Investments	7	472,596	–
Cash at bank and in hand		123,575	143,403
		---------	---------
		962,548	332,219

Creditors: amounts falling due within one year	8	1,068,315	459,936
		------------	---------
Net current liabilities		105,767	127,717
		---------	---------
Total assets less current liabilities		152,544	107,213

Creditors: amounts falling due after more than one year	9	8,044	65,361
		---------	---------
Net assets		144,500	41,852
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	144,499	41,851
	---------	--------
Shareholders funds	144,500	41,852
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Fluidity Service Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr T Roy

Director

Company registration number: 11259141

Fluidity Service Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2a Herne Business Park, Herne Bay, CT6 7FE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% reducing balance
Equipment	-	25% straight line
Tenants improvements	-	10% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 17 (2024: 14 ).

5. Tangible assets

	Motor vehicles	Equipment	Tenants improvements	Total
	£	£	£	£
Cost
At 1 April 2024 (as restated)	115,630	33,485	154,620	303,735
Additions	–	37,618	36,737	74,355
Disposals	( 14,390)	( 499)	–	( 14,889)
Transfers	–	5,389	–	5,389
	---------	--------	---------	---------
At 31 March 2025	101,240	75,993	191,357	368,590
	---------	--------	---------	---------
Depreciation
At 1 April 2024	39,413	22,141	7,251	68,805
Charge for the year	20,248	9,443	16,026	45,717
Disposals	( 5,756)	( 152)	–	( 5,908)
Transfers	–	1,665	–	1,665
	---------	--------	---------	---------
At 31 March 2025	53,905	33,097	23,277	110,279
	---------	--------	---------	---------
Carrying amount
At 31 March 2025	47,335	42,896	168,080	258,311
	---------	--------	---------	---------
At 31 March 2024	76,217	11,344	147,369	234,930
	---------	--------	---------	---------

6. Debtors

	2025	2024
		(restated)
	£	£
Trade debtors	287,099	137,989
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8,317	426
Other debtors	59,622	48,995
	---------	---------
	355,038	187,410
	---------	---------

7. Investments

	2025	2024
		(restated)
	£	£
Investments in group undertakings	472,596	–
	---------	----

8. Creditors: amounts falling due within one year

	2025	2024
		(restated)
	£	£
Bank loans and overdrafts	283,470	19,211
Trade creditors	144,282	255,510
Amounts owed to group undertakings and undertakings in which the company has a participating interest	( 97,309)	( 204,840)
Corporation tax	37,844	–
Social security and other taxes	56,404	27,655
Other creditors	61,307	11,476
Other creditors	582,317	350,924
	------------	---------
	1,068,315	459,936
	------------	---------

At the balance sheet date, Barclays Security Trustee Limited hold a fixed and floating charge over the property or undertakings of the company.

9. Creditors: amounts falling due after more than one year

	2025	2024
		(restated)
	£	£
Bank loans and overdrafts	–	19,386
Other creditors	8,044	45,975
	-------	--------
	8,044	65,361
	-------	--------

10. Related party transactions

At the year end the company had outstanding balances due to and from group companies amounting to £179,099 (2024: £7) and £8,317 (2024: £426), respectively. Also at the year end the company was due £120,459 (2024: £120,459) from a company under common control.

11. Controlling party

The ultimate parent company is Talmead Holdings Ltd (company number: 11255179), a company registered in England & Wales. The registered address of the ultimate controlling party is 2a Herne Business Park, Herne Bay, England, CT6 7FE.