Registered number
11508700
Fixed Seating UK FSUK Limited
Filleted Accounts
31 August 2021
Fixed Seating UK FSUK Limited
Registered number: 11508700
Balance Sheet
as at 31 August 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 30,332 6,535
Current assets
Stocks 4,338 6,488
Debtors 4 56,423 11,766
Cash at bank and in hand 27,547 44,416
88,308 62,670
Creditors: amounts falling due within one year 5 (62,327) (17,095)
Net current assets 25,981 45,575
Total assets less current liabilities 56,313 52,110
Creditors: amounts falling due after more than one year 6 (48,443) (50,000)
Net assets 7,870 2,110
Capital and reserves
Called up share capital 10 10
Profit and loss account 7,860 2,100
Shareholders' funds 7,870 2,110
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Martyn Tolley
Director
Approved by the board on 7 July 2022
Fixed Seating UK FSUK Limited
Notes to the Accounts
for the year ended 31 August 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing balance
Fixtures, fittings, tools and equipment 15% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Plant and machinery etc Total
£ £ £
Cost
At 1 September 2020 - 6,725 6,725
Additions 1,415 27,137 28,552
At 31 August 2021 1,415 33,862 35,277
Depreciation
At 1 September 2020 - 190 190
Charge for the year 157 4,598 4,755
At 31 August 2021 157 4,788 4,945
Net book value
At 31 August 2021 1,258 29,074 30,332
At 31 August 2020 - 6,535 6,535
4 Debtors 2021 2020
£ £
Trade debtors 51,923 8,333
Amounts owed by group undertakings and undertakings in which the company has a participating interest 4,500 500
Other debtors - 2,933
56,423 11,766
5 Creditors: amounts falling due within one year 2021 2020
£ £
Trade creditors 6,393 741
Taxation and social security costs 22,013 16,354
Other creditors 33,921 -
62,327 17,095
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 48,443 50,000
7 Other information
Fixed Seating UK FSUK Limited is a private company limited by shares and incorporated in England. Its registered office is:
12 High Street
Pensnett
Kingswinford
West Midlands
DY6 8XD
Fixed Seating UK FSUK Limited 11508700 false 2020-09-01 2021-08-31 2021-08-31 VT Final Accounts March 2021 Mr Martyn Tolley No description of principal activity 11508700 2019-09-01 2020-08-31 11508700 core:WithinOneYear 2020-08-31 11508700 core:AfterOneYear 2020-08-31 11508700 core:ShareCapital 2020-08-31 11508700 core:RetainedEarningsAccumulatedLosses 2020-08-31 11508700 2020-09-01 2021-08-31 11508700 bus:PrivateLimitedCompanyLtd 2020-09-01 2021-08-31 11508700 bus:AuditExemptWithAccountantsReport 2020-09-01 2021-08-31 11508700 bus:Director40 2020-09-01 2021-08-31 11508700 1 2020-09-01 2021-08-31 11508700 2 2020-09-01 2021-08-31 11508700 core:LandBuildings 2020-09-01 2021-08-31 11508700 core:PlantMachinery 2020-09-01 2021-08-31 11508700 countries:England 2020-09-01 2021-08-31 11508700 bus:FRS102 2020-09-01 2021-08-31 11508700 bus:FullAccounts 2020-09-01 2021-08-31 11508700 2021-08-31 11508700 core:WithinOneYear 2021-08-31 11508700 core:AfterOneYear 2021-08-31 11508700 core:ShareCapital 2021-08-31 11508700 core:RetainedEarningsAccumulatedLosses 2021-08-31 11508700 core:LandBuildings 2021-08-31 11508700 core:PlantMachinery 2021-08-31 11508700 2020-08-31 11508700 core:LandBuildings 2020-08-31 11508700 core:PlantMachinery 2020-08-31 iso4217:GBP xbrli:pure