Company Overview
Far Technologies Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 06 May 2021. Far Technologies Limited has been in business for 4 years and 10 months. The accounts status is unaudited abridged and the accounts are next due on Saturday 28 February 2026.
Registered Address

20-22 Wenlock Road, London, N1 7GI
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Companies House Data
Company NameFAR TECHNOLOGIES LIMITED
Company Number13380902
Registered Office Address20-22 Wenlock Road
 N1 7GI
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date06/05/2021
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date28/02/2026
Accounts Last Made Up Date31/05/2024
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date03/06/2022
Previous Company NameChanged Date
PLAR AI LIMITED21 Jun 2022
Directors & Members
Show Resigned
Simon Brown - Director
(British, 51 years old, born March 1975)
Appointed 01 June 2022
 Active
Colin Davison - Director
(British, 66 years old, born January 1960)
Appointed 25 July 2022
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Simon Brown
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Colin Davison
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Balance Sheet Unlock full report
Accounts Date 31-May-2024 31-May-2023 31-May-2022
Balance Sheet
Fixed Assets 180,976 180,976 0
Current Assets 106,074 106,074 3,342
Creditors Due Within One Year 20,808 20,808 9,758
Working Cap 85,266 85,266 -6,416
Total Assets Less Current Liabilities 266,242 266,242 -6,416
Long-term Liabilities 0 0 0
Net Assets 266,242 266,242 -6,416
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 266,242 266,242 -6,416
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2024 31-May-2023 31-May-2022
Tangible Fixed Assets - - -
Fixed Assets 63.0% 63.0% 0.0%
Stocks Inventory - - -
Debtors 20.7% 20.7% 53.5%
Cash Bank In Hand 16.2% 16.2% 46.5%
Current Assets 37.0% 37.0% 100.0%
Creditors Due Within One Year 7.2% 7.2% 292.0%
Net Current Assets Liabilities 29.7% 29.7% -192.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 92.8% 92.8% -192.0%
Capital Employed - - -
Total Assets Less Current Liabilities 92.8% 92.8% -192.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2024 31-May-2023 31-May-2022
Liquidity Ratio 5.1 5.1 0.3
Solvency Ratio 13.8 13.8 0.3
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2024 31-May-2023 31-May-2022
Assets 287,050 287,050 3,342
Debt 20,808 20,808 9,758
Net Assets/Debt 266,242 266,242 -6,416

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around N1 7GI
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20-22 Wenlock Road, London, N1 7GI
Document Filings
Compulsory strike-off action has been discontinued
Confirmation statement made on 5 May 2025 with updates
First Gazette notice for compulsory strike-off
Termination of appointment of Deborah Mcgargle as a director on 14 March 2025
Cessation of Deborah Mcgargle as a person with significant control on 14 March 2025
Confirmation statement made on 5 May 2024 with no updates
Confirmation statement made on 5 May 2023 with updates
Notification of Simon Adam Brown as a person with significant control on 6 May 2022
Sub-division of shares on 6 May 2022
Resolutions
Appointment of Mr Simon Adam Brown as a director on 1 June 2022
Second filing of a statement of capital following an allotment of shares on 26 July 2022
Resolutions
Resolutions
Memorandum and Articles of Association
Appointment of Mr Colin Davison as a director on 25 July 2022
Statement of capital following an allotment of shares on 26 July 2022
Certificate of change of name
Change of name notice
Confirmation statement made on 5 May 2022 with no updates
Incorporation
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