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COMPANY REGISTRATION NUMBER: 10373050
Fitzgerald & Company Consultants Ltd
Filleted Unaudited Financial Statements
30 September 2021
Fitzgerald & Company Consultants Ltd
Statement of Financial Position
30 September 2021
2021
2020
Note
£
£
Current assets
Debtors
4
119
41,411
Cash at bank and in hand
8
9,047
----
--------
127
50,458
Creditors: amounts falling due within one year
5
( 8,074)
50,313
-------
--------
Net current assets
8,201
145
-------
----
Total assets less current liabilities
8,201
145
Creditors: amounts falling due after more than one year
6
50,000
--------
----
Net (liabilities)/assets
( 41,799)
145
--------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 41,899)
45
--------
----
Shareholders (deficit)/funds
( 41,799)
145
--------
----
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Fitzgerald & Company Consultants Ltd
Statement of Financial Position (continued)
30 September 2021
These financial statements were approved by the board of directors and authorised for issue on 14 September 2022 , and are signed on behalf of the board by:
Mr B J Wormald
Director
Company registration number: 10373050
Fitzgerald & Company Consultants Ltd
Notes to the Financial Statements
Year ended 30 September 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Oakley House, Tetbury Road, Cirencester, Gloucestershire, GL7 1US, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Debtors
2021
2020
£
£
Trade debtors
41,282
Other debtors
119
129
----
--------
119
41,411
----
--------
5. Creditors: amounts falling due within one year
2021
2020
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
( 8,074)
50,302
Corporation tax
11
-------
--------
( 8,074)
50,313
-------
--------
6. Creditors: amounts falling due after more than one year
2021
2020
£
£
Bank loans and overdrafts
50,000
--------
----
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr B J Wormald
129
( 10)
119
----
----
----
2020
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr B J Wormald
129
129
----
----
----