Company Registration No. 05445643 (England and Wales)
Fluid I.T. Limited
Unaudited accounts
for the year ended 31 March 2021
Fluid I.T. Limited
Unaudited accounts
Contents
Fluid I.T. Limited
Company Information
for the year ended 31 March 2021
Company Number
05445643 (England and Wales)
Registered Office
The Old Poplar Library
45 Gillender Street
London
E14 6RN
Fluid I.T. Limited
Statement of financial position
as at 31 March 2021
Tangible assets
20,841
28,645
Cash at bank and in hand
227,960
95,506
Creditors: amounts falling due within one year
(326,199)
(216,074)
Net current assets/(liabilities)
31,496
(28,713)
Total assets less current liabilities
52,337
(68)
Creditors: amounts falling due after more than one year
(165,223)
(175,580)
Net liabilities
(112,886)
(175,648)
Called up share capital
5,001
5,001
Profit and loss account
(117,887)
(180,649)
Shareholders' funds
(112,886)
(175,648)
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 20 September 2021 and were signed on its behalf by
David Schluter
Director
Company Registration No. 05445643
Fluid I.T. Limited
Notes to the Accounts
for the year ended 31 March 2021
Fluid I.T. Limited is a private company, limited by shares, registered in England and Wales, registration number 05445643. The registered office is The Old Poplar Library, 45 Gillender Street, London, E14 6RN.
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.
The financial statements have been prepared on a going concern basis.
The director regards the going concern basis as remaining appropriate since the company is expected to continue to be able to meet its day to day working capital requirements through the cash generated by its principal activity.
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers
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:
Fixtures and fittings - 25% reducing balance.
Computer equipment - 33.33% straight line
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
5,364
39,835
53,246
98,445
At 31 March 2021
5,364
39,835
53,246
98,445
At 1 April 2020
5,364
30,566
33,870
69,800
Charge for the year
-
2,109
5,695
7,804
At 31 March 2021
5,364
32,675
39,565
77,604
At 31 March 2021
-
7,160
13,681
20,841
At 31 March 2020
-
9,269
19,376
28,645
Fluid I.T. Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
109,140
86,284
Accrued income and prepayments
16,930
-
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
6,212
-
Trade creditors
98,649
56,842
Taxes and social security
111,183
56,729
Other creditors
92,735
72,331
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
121,435
175,580
Aggregate of amounts that fall due for payment after five years
6,212
-
£50,000 bounce back loan taken out during the year and is repayable within 6 years
Allotted, called up and fully paid:
5,001 Ordinary shares of £1 each
5,001
5,001
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to company, interest free and with no fixed date for repayment
99,000
-
-
99,000
Interest was payable at 4% on the directors loan of £3960 (2020: £3960)
10
Average number of employees
During the year the average number of employees was 17 (2020: 16).
