Fetchtag Global Limited NI690322 false 2022-08-11 2023-09-30 2023-09-30 The principal activity of the company is the management of intellectual property. Digita Accounts Production Advanced 6.30.9574.0 true true NI690322 2022-08-11 2023-09-30 NI690322 2023-09-30 NI690322 bus:OrdinaryShareClass1 2023-09-30 NI690322 core:CurrentFinancialInstruments 2023-09-30 NI690322 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 NI690322 core:OtherResidualIntangibleAssets 2023-09-30 NI690322 bus:SmallEntities 2022-08-11 2023-09-30 NI690322 bus:AuditExemptWithAccountantsReport 2022-08-11 2023-09-30 NI690322 bus:FullAccounts 2022-08-11 2023-09-30 NI690322 bus:SmallCompaniesRegimeForAccounts 2022-08-11 2023-09-30 NI690322 bus:RegisteredOffice 2022-08-11 2023-09-30 NI690322 bus:Director1 2022-08-11 2023-09-30 NI690322 bus:Director2 2022-08-11 2023-09-30 NI690322 bus:OrdinaryShareClass1 2022-08-11 2023-09-30 NI690322 bus:PrivateLimitedCompanyLtd 2022-08-11 2023-09-30 NI690322 core:OtherResidualIntangibleAssets 2022-08-11 2023-09-30 NI690322 countries:NorthernIreland 2022-08-11 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI690322

Fetchtag Global Limited

Unaudited Filleted Financial Statements

for the Period from 11 August 2022 to 30 September 2023

 

Fetchtag Global Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Fetchtag Global Limited

(Registration number: NI690322)
Balance Sheet as at 30 September 2023

Note

2023
£

Fixed assets

 

Intangible assets

4

9,000

Current assets

 

Debtors

5

6,000

Cash at bank and in hand

 

9,051

 

15,051

Creditors: Amounts falling due within one year

6

(3,482)

Net current assets

 

11,569

Net assets

 

20,569

Capital and reserves

 

Called up share capital

7

100

Share premium reserve

19,900

Retained earnings

569

Shareholders' funds

 

20,569

For the financial period ending 30 September 2023 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 accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2023 and signed on its behalf by:
 

 

Fetchtag Global Limited

(Registration number: NI690322)
Balance Sheet as at 30 September 2023

.........................................
Neil John McGarry
Director

.........................................
Peter Henry McNicholl
Director

 

Fetchtag Global Limited

Notes to the Unaudited Financial Statements for the Period from 11 August 2022 to 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
51-53 Thomas Street
Ballymena
Co Antrim
BT43 6AZ

These financial statements were authorised for issue by the Board on 14 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Fetchtag Global Limited

Notes to the Unaudited Financial Statements for the Period from 11 August 2022 to 30 September 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Fetchtag Global Limited

Notes to the Unaudited Financial Statements for the Period from 11 August 2022 to 30 September 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

10,000

10,000

At 30 September 2023

10,000

10,000

Amortisation

Amortisation charge

1,000

1,000

At 30 September 2023

1,000

1,000

Carrying amount

At 30 September 2023

9,000

9,000

5

Debtors

Current

2023
£

Other debtors

6,000

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

600

Other creditors

2,882

3,482

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary share of £0.01 each

10,000

100