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REGISTERED NUMBER: 03998714 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2022

FOR

FIXATEX LIMITED

FIXATEX LIMITED (REGISTERED NUMBER: 03998714)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


FIXATEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2022







DIRECTORS: C R Candler
Mrs L Candler
R Candler
Mrs E Marks





SECRETARY: C Candler





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 03998714 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

FIXATEX LIMITED (REGISTERED NUMBER: 03998714)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MAY 2022

The directors present their report with the financial statements of the company for the year ended 31st May 2022.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Lighting and Electrical Repairs.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st June 2021 to the date of this report.

C R Candler
Mrs L Candler
R Candler
Mrs E Marks

POLITICAL DONATIONS AND EXPENDITURE
Charitable donations of £2,140 (2021:£nil) were made during the year.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R Candler - Director


16th August 2022

FIXATEX LIMITED (REGISTERED NUMBER: 03998714)

BALANCE SHEET
31ST MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,505 166,442

CURRENT ASSETS
Stocks 452,451 188,952
Debtors 5 1,027,819 1,053,971
Cash at bank 1,769,791 1,188,144
3,250,061 2,431,067
CREDITORS
Amounts falling due within one year 6 2,050,295 1,495,064
NET CURRENT ASSETS 1,199,766 936,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,397,271

1,102,445

CREDITORS
Amounts falling due after more than one
year

7

(68,375

)

(63,241

)

PROVISIONS FOR LIABILITIES (35,426 ) (31,628 )
NET ASSETS 1,293,470 1,007,576

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,293,369 1,007,475
SHAREHOLDERS' FUNDS 1,293,470 1,007,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FIXATEX LIMITED (REGISTERED NUMBER: 03998714)

BALANCE SHEET - continued
31ST MAY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th August 2022 and were signed on its behalf by:





R Candler - Director


FIXATEX LIMITED (REGISTERED NUMBER: 03998714)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022

1. STATUTORY INFORMATION

Fixatex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31 May 2022 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

FIXATEX LIMITED (REGISTERED NUMBER: 03998714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 83 (2021 - 72 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2021 28,383 6,117 238,582 33,019 306,101
Additions 6,694 14,140 51,570 10,047 82,451
At 31st May 2022 35,077 20,257 290,152 43,066 388,552
DEPRECIATION
At 1st June 2021 11,373 2,353 108,518 17,415 139,659
Charge for year 5,405 2,359 35,740 7,884 51,388
At 31st May 2022 16,778 4,712 144,258 25,299 191,047
NET BOOK VALUE
At 31st May 2022 18,299 15,545 145,894 17,767 197,505
At 31st May 2021 17,010 3,764 130,064 15,604 166,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 985,820 1,016,657
Other debtors 41,999 37,314
1,027,819 1,053,971

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 48,363 44,864
Trade creditors 1,108,741 634,635
Taxation and social security 715,933 646,106
Other creditors 177,258 169,459
2,050,295 1,495,064

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts 68,375 63,241

FIXATEX LIMITED (REGISTERED NUMBER: 03998714)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022

8. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the year end of £476,298 (2021: £90,658).