Finematics Technologies Ltd - Accounts

Finematics Technologies Ltd - Accounts

FINEMATICS TECHNOLOGIES LTD - Company Information

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Registered Number: 12963388
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 October 2021

for

FINEMATICS TECHNOLOGIES LTD

Finematics Technologies Ltd
Contents Page
For the year ended 31 October 2021
Director Jakub Hruby
Registered Number 12963388
Registered Office 24 James Street West
Bath
BA1 2BT
Accountants Turner and Partners LLP
24 James Street West
Bath
BA1 2BT
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 October 2021.
Principal activities
Principal activity of the company during the financial year was of generating online content in connection with the blockchain and investments. 
Director
The director who served the company throughout the year was as follows:
Jakub Hruby
Statement of director's responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Jakub Hruby
Director

Date approved: 20 July 2022
2
Report to the directors on the preparation of the unaudited statutory accounts of Finematics Technologies Ltd for the year ended 31 October 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Finematics Technologies Ltd for the year ended 31 October 2021 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Finematics Technologies Ltd, as a body, in accordance with the terms of our engagement letter dated 20 July 2022 Our work has been undertaken solely to prepare for your approval the accounts of Finematics Technologies Ltd and state those matters that we have agreed to state to the Board of Directors of Finematics Technologies Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Finematics Technologies Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Finematics Technologies Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Finematics Technologies Ltd. You consider that Finematics Technologies Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Finematics Technologies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2021



....................................................
Turner and Partners LLP
24 James Street West
Bath
BA1 2BT
20 July 2022
3
 
 		 Notes
 		 2021
£
Current assets    
Cash at bank and in hand 65,996 
Creditors: amount falling due within one year 3 (16,528)
Net current assets 49,468 
 
Total assets less current liabilities 49,468 
Net assets 49,468 
 

Capital and reserves 		   
Called up share capital 4 100 
Profit and loss account 49,368 
Shareholder's funds 49,468 
 


For the year ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 20 July 2022 and were signed by:


--------------------------------
Jakub Hruby
Director
4
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 01 November 2020 - 
Profit for the year 51,368  51,368 
Total comprehensive income for the year -  -  -  51,368  51,368 
Dividends (2,000) (2,000)
Shares issued 100  100 
Total investments by and distributions to owners 100  -  -  (2,000) (1,900)
At 31 October 2021 100  49,368  49,468 
5
General Information
Finematics Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 12963388, registration address 24 James Street West, Bath, BA1 2BT

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 1.
3.

Creditors: amount falling due within one year

2021
£
Corporation Tax 12,049 
Accrued Expenses 960 
Directors' Current Accounts 3,519 
16,528 

4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2021
£
100 Class A shares of £1.00 each 100 
100 

6