Registration number: 10162038

FeTu Limited

(Registration number: 10162038)

Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	3	526,527	461,524
Tangible assets	4	1,002,729	222,250
		1,529,256	683,774
Current assets
Debtors	5	446,365	328,436
Cash at bank and in hand		183,333	1,023,753
		629,698	1,352,189
Creditors: Amounts falling due within one year	6	(314,729)	(48,652)
Net current assets		314,969	1,303,537
Total assets less current liabilities		1,844,225	1,987,311
Creditors: Amounts falling due after more than one year	6	(475,324)	-
Net assets		1,368,901	1,987,311
Capital and reserves
Called up share capital		152	152
Share premium reserve		3,212,258	3,212,258
Retained earnings		(1,843,509)	(1,225,099)
Shareholders' funds		1,368,901	1,987,311

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

FeTu Limited

(Registration number: 10162038)

Balance Sheet as at 31 May 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 18 December 2025 and signed on its behalf by:
 

.........................................

P Butterfield

Director

FeTu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	Accounting policies

Statutory information

FeTu Limited is a private company, limited by shares, domiciled in England and Wales, company number 10162038. The registered office is at The Wharf, Gas Works Lane, Elland, HX5 9HH.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

At the time of signing these accounts the directors are of the opinion that the company will remain viable for the foresseable future and therefore these financial statements have been prepared on the going concern basis.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants received in respect of expenditure are credited to the profit and loss account in the year to which they relate.

FeTu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

1	Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	20% on cost
Plant and machinery	10% - 33% on cost

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents are being amortised evenly over their estimated useful life of twenty years.

Website is being amortised evenly over its estimated useful life of three years.

Development costs

Expenditure on research and development is written off in the year in which it is incurred.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

FeTu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

1	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2024 - 10).

FeTu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

3	Intangible assets

	Other intangible assets  £	Total £
Cost
At 1 June 2024	565,141	565,141
Additions acquired separately	98,968	98,968
At 31 May 2025	664,109	664,109
Amortisation
At 1 June 2024	103,617	103,617
Amortisation charge	33,965	33,965
At 31 May 2025	137,582	137,582
Carrying amount
At 31 May 2025	526,527	526,527
At 31 May 2024	461,524	461,524

4	Tangible assets

	Short leasehold land and buildings £	Plant and machinery £	Total £
Cost
At 1 June 2024	217,217	177,171	394,388
Additions	72,866	799,372	872,238
At 31 May 2025	290,083	976,543	1,266,626
Depreciation
At 1 June 2024	58,434	113,705	172,139
Charge for the year	51,335	40,423	91,758
At 31 May 2025	109,769	154,128	263,897
Carrying amount
At 31 May 2025	180,314	822,415	1,002,729
At 31 May 2024	158,784	63,466	222,250

FeTu Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5

Debtors

Current	2025 £	2024 £
Prepayments	44,440	41,931
VAT refundable	56,219	40,888
Corporation tax refundable	239,763	208,117
Grant income	105,943	37,500
	446,365	328,436

6

Creditors

Creditors: amounts falling due within one year

		2025 £	2024 £
Due within one year
Hire purchase contracts		179,426	-
Trade creditors		96,396	35,023
Taxation and social security		18,382	8,533
Other creditors		20,525	5,096
		314,729	48,652

Creditors: amounts falling due after more than one year

		2025 £	2024 £
Due after one year
Hire purchase contracts		475,324	-

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £379,750 (2024 - £382,100). The commitments relate to non cancellable operating leases in respect of property the company occupies. The annual commitment is £50,000 (2024: £48,800).