Company Registration No. 10550795 (England and Wales)
Focaldata Limited
Unaudited accounts
for the year ended 31 January 2021
Focaldata Limited
Unaudited accounts
Contents
Focaldata Limited
Statement of financial position
as at 31 January 2021
Cash at bank and in hand
1,041,468
1,443,199
Creditors: amounts falling due within one year
(94,285)
(206,309)
Net current assets
1,297,628
1,486,226
Net assets
1,299,003
1,486,226
Called up share capital
18,243
18,243
Share premium
1,345,932
1,345,932
Profit and loss account
(65,172)
122,051
Shareholders' funds
1,299,003
1,486,226
For the year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 May 2021 and were signed on its behalf by
J Ibbett
Director
Company Registration No. 10550795
Focaldata Limited
Notes to the Accounts
for the year ended 31 January 2021
Focaldata Limited is a private company, limited by shares, registered in England and Wales, registration number 10550795. The registered office is 15 Hyde Park Gardens, London, W2 2LU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Expenditure on research and development is written off in the year in which it is incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer Equipment : 33.33% on SLM
4
Tangible fixed assets
Computer equipment
Focaldata Limited
Notes to the Accounts
for the year ended 31 January 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
58,800
100,080
Accrued income and prepayments
-
5,600
Other debtors
291,645
143,656
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
8,144
64,591
Taxes and social security
52,466
109,543
Loans from directors
30,175
30,175
Allotted, called up and fully paid:
18,243 Ordinary shares of £1 each
18,243
18,243
8
Transactions with related parties
At the year end the company owed J Ibbett, a director of the company, £30,175 (2020 - £30,175) in respect of an interest free loan which is repayable on demand.
9
Average number of employees
During the year the average number of employees was 13 (2020: 8).
