Company Registration No. 13200740 (England and Wales)
Fitzjohn Building and Interiors Ltd
Unaudited accounts
for the year ended 28 February 2023
Fitzjohn Building and Interiors Ltd
Unaudited accounts
Contents
Fitzjohn Building and Interiors Ltd
Company Information
for the year ended 28 February 2023
Director
Michael David Fitzjohn
Company Number
13200740 (England and Wales)
Registered Office
11 Lapwing Road
Kidsgrove
Stoke-on-Trent
Staffordshire
ST7 4XP
England
Accountants
James Accountancy Services Ltd
3 Waterloo Grove
Kidsgrove
Stoke-on-Trent
Staffordshire
ST7 4SY
Fitzjohn Building and Interiors Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
10,729
12,760
Cash at bank and in hand
34,496
63,101
Creditors: amounts falling due within one year
(17,150)
(49,362)
Net current assets
49,311
52,189
Total assets less current liabilities
60,040
64,949
Provisions for liabilities
Deferred tax
(2,039)
(2,425)
Called up share capital
10
10
Profit and loss account
57,991
62,514
Shareholders' funds
58,001
62,524
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
Michael David Fitzjohn
Director
Company Registration No. 13200740
Fitzjohn Building and Interiors Ltd
Notes to the Accounts
for the year ended 28 February 2023
Fitzjohn Building and Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 13200740. The registered office is 11 Lapwing Road, Kidsgrove, Stoke-on-Trent, Staffordshire, ST7 4XP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Motor vehicles
20% reducing balance method
Computer equipment
20% reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fitzjohn Building and Interiors Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
700
12,490
250
13,440
At 28 February 2023
700
12,490
382
13,572
At 1 March 2022
140
490
50
680
Charge for the year
110
2,000
53
2,163
At 28 February 2023
250
2,490
103
2,843
At 28 February 2023
450
10,000
279
10,729
At 28 February 2022
560
12,000
200
12,760
Work in progress
30,000
900
Amounts falling due after more than one year
Trade debtors
1,965
37,550
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
404
2,589
Trade creditors
11,385
14,153
Taxes and social security
2,894
13,878
Loans from directors
1,918
1,159
Fitzjohn Building and Interiors Ltd
Notes to the Accounts
for the year ended 28 February 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
2,039
2,425
Provision at start of year
2,425
-
(Credited)/charged to the profit and loss account
(386)
2,425
Provision at end of year
2,039
2,425
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).