Registered number
05007938
Interfix Services Limited
Unaudited Filleted Accounts
31 January 2023
Interfix Services Limited
Registered number: 05007938
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 10,075 13,433
Current assets
Debtors 4 1,421,438 1,431,769
Cash at bank and in hand 147,793 54,824
1,569,231 1,486,593
Creditors: amounts falling due within one year 5 (247,649) (209,029)
Net current assets 1,321,582 1,277,564
Total assets less current liabilities 1,331,657 1,290,997
Creditors: amounts falling due after more than one year 6 (48,333) (78,333)
Net assets 1,283,324 1,212,664
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,283,224 1,212,564
Shareholders' funds 1,283,324 1,212,664
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.
J E Hill
Director
Approved by the board on 25 July 2023
Interfix Services Limited
Notes to the Accounts
for the year ended 31 January 2023
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. 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 25%-33% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 33,243
At 31 January 2023 33,243
Depreciation
At 1 February 2022 19,810
Charge for the year 3,358
At 31 January 2023 23,168
Net book value
At 31 January 2023 10,075
At 31 January 2022 13,433
4 Debtors 2023 2022
£ £
Trade debtors 429,602 419,275
Other debtors 991,836 1,012,494
1,421,438 1,431,769
Amounts due after more than one year included above 963,560 963,560
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 20,000 10,000
Trade creditors 129,084 102,539
Corporation tax 19,903 22,036
Other taxes and social security costs 14,381 22,082
Other creditors 64,281 52,372
247,649 209,029
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 48,333 78,333
7 Related party transactions
At the year end a loan of £963,560 (2021 : £963,560) is outstanding from Rumsugar Rock Limited, a company incorporated in the UK. Mr J E Hill and Mrs L Hill, the directors, are also the owners and directors of Rumsugar Rock Limited. The loan is unsecured, has no maturity date and is interest free.
8 Controlling party
Mr J E Hill and Mrs L Hill, the directors, are the ultimate controlling party by virtue of owning 100% of the share capital.
9 Other information
Interfix Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
46 Bookham Industrial Estate
Church Road
Bookham
Surrey
KT23 3EU
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