Focus Fsr Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Focus Fsr Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15824328 . The registered office is C/O Thb Accountants Ltd Office 1 The Tannery, Mardle Way, Buckfastleigh, Devon, TQ11 0AG.

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:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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.

...CONTINUED

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Focus Fsr Ltd

Notes to the Financial Statements (continued)

For the Period 1 August 2025 to 31 March 2026

2.5. Taxation - continued

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.

Current and deferred tax are recognised in profit or loss for the period, 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 period was: 3 (2025: 3)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 August 2025	34,890
Additions	270

As at 31 March 2026	35,160

Depreciation
As at 1 August 2025	8,722
Provided during the period	4,406

As at 31 March 2026	13,128

Net Book Value
As at 31 March 2026	22,032

As at 1 August 2025	26,168

5. Debtors

	31 March 2026	31 July 2025
	£	£
Due within one year
Trade debtors	38,430	26,735
Other debtors	4,807	6,376

	43,237	33,111

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Focus Fsr Ltd

Notes to the Financial Statements (continued)

For the Period 1 August 2025 to 31 March 2026

6. Creditors: Amounts Falling Due Within One Year

	31 March 2026	31 July 2025
	£	£
Net obligations under finance lease and hire purchase contracts	3,523	3,523
Trade creditors	2,334	791
Other creditors	5,729	7,147
Taxation and social security	36,989	20,346

	48,575	31,807

7. Creditors: Amounts Falling Due After More Than One Year

	31 March 2026	31 July 2025
	£	£
Net obligations under finance lease and hire purchase contracts	15,658	18,790
Other creditors	27,491	-

	43,149	18,790

8. Obligations Under Finance Leases and Hire Purchase

	31 March 2026	31 July 2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	3,523	3,523
Later than one year and not later than five years	15,658	18,790

	19,181	22,313

	19,181	22,313

9. Share Capital

	31 March 2026	31 July 2025
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

Knightexe Electrical Limited

Corporate shareholder (50% shareholding)

During the period, the company incurred management fees of £14,000 payable to Knightexe Electrical Limited and declared dividends of £24,000 to that shareholder. At 31 March 2026, £18,015 was owed to Knightexe Electrical Limited. The outstanding balance is unsecured and interest-free.

Allround Group Services Ltd

Corporate shareholder (50% shareholding)

During the period, the company incurred management fees of £1,900 payable to Allround Group Services Ltd and declared dividends of £24,000 to that shareholder. At 31 March 2026, £9,476 was owed to Allround Group Services Ltd. The outstanding balance is unsecured and interest-free.

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		31 March 2026		31 July 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		22,032		26,168

			22,032		26,168
CURRENT ASSETS
Debtors	5	43,237		33,111
Cash at bank and in hand		26,559		17,657

		69,796		50,768
Creditors: Amounts Falling Due Within One Year	6	(48,575 )		(31,807 )

NET CURRENT ASSETS (LIABILITIES)			21,221		18,961

TOTAL ASSETS LESS CURRENT LIABILITIES			43,253		45,129

Creditors: Amounts Falling Due After More Than One Year	7		(43,149 )		(18,790 )

NET ASSETS			104		26,339

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			102		26,337

SHAREHOLDERS' FUNDS			104		26,339

Mr J A Bath Director	Mr S P Knight Director
30 September 2026