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REGISTERED NUMBER: 07438322 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Fitz's Meats Ltd

Fitz's Meats Ltd (Registered number: 07438322)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fitz's Meats Ltd

Company Information
for the year ended 30 November 2023







DIRECTOR: Mr A Fitzgerald





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 07438322 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Fitz's Meats Ltd (Registered number: 07438322)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,043 16,086
26,043 16,086

CURRENT ASSETS
Debtors 6 7,214 740
Cash at bank and in hand 4,327 210
11,541 950
CREDITORS
Amounts falling due within one year 7 34,555 4,823
NET CURRENT LIABILITIES (23,014 ) (3,873 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,029

12,213

CREDITORS
Amounts falling due after more than one
year

8

-

12,133
NET ASSETS 3,029 80

Fitz's Meats Ltd (Registered number: 07438322)

Balance Sheet - continued
30 November 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,027 78
3,029 80

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 5 March 2024 and were signed by:





Mr A Fitzgerald - Director


Fitz's Meats Ltd (Registered number: 07438322)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Fitz's Meats Ltd 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

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - Straight line over 5 years
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 5 years

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.


Fitz's Meats Ltd (Registered number: 07438322)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 27,000
AMORTISATION
At 1 December 2022
and 30 November 2023 27,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

Fitz's Meats Ltd (Registered number: 07438322)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 28,435 25,215 2,890 56,540
Additions - 20,000 - 20,000
At 30 November 2023 28,435 45,215 2,890 76,540
DEPRECIATION
At 1 December 2022 20,435 17,129 2,890 40,454
Charge for year 2,000 8,043 - 10,043
At 30 November 2023 22,435 25,172 2,890 50,497
NET BOOK VALUE
At 30 November 2023 6,000 20,043 - 26,043
At 30 November 2022 8,000 8,086 - 16,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,357 -
VAT 857 740
7,214 740

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,723
Tax 2,581 635
Directors' current accounts 30,774 1,265
Accrued expenses 1,200 1,200
34,555 4,823

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors - 12,133