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REGISTERED NUMBER: 05144832 (England and Wales)








Unaudited Financial Statements

For The Year Ended 31 August 2023

for

Fisk Associates Ltd

Fisk Associates Ltd (Registered number: 05144832)






Contents of the Financial Statements
For The Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Fisk Associates Ltd (Registered number: 05144832)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,500 60,000
Tangible assets 5 892 2,447
38,392 62,447

CURRENT ASSETS
Debtors 6 87,016 6,140
Cash at bank 6,686 14,041
93,702 20,181
CREDITORS
Amounts falling due within one year 7 91,081 64,225
NET CURRENT ASSETS/(LIABILITIES) 2,621 (44,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,013

18,403

CREDITORS
Amounts falling due after more than one
year

8

(27,305

)

(36,135

)

PROVISIONS FOR LIABILITIES (214 ) (465 )
NET ASSETS/(LIABILITIES) 13,494 (18,197 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,394 (18,297 )
SHAREHOLDERS' FUNDS 13,494 (18,197 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:



J Fisk - Director


Fisk Associates Ltd (Registered number: 05144832)

Notes to the Financial Statements
For The Year Ended 31 August 2023

1. STATUTORY INFORMATION

Fisk Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05144832

Registered office: Higher Trethill Barton
Antony
Torpoint
Cornwall
PL11 3BB

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 2005, is being amortised evenly over its estimated remaining useful life of less than ten 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 etc - 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Fisk Associates Ltd (Registered number: 05144832)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 450,000
AMORTISATION
At 1 September 2022 390,000
Charge for year 22,500
At 31 August 2023 412,500
NET BOOK VALUE
At 31 August 2023 37,500
At 31 August 2022 60,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 19,389
Disposals (14,042 )
At 31 August 2023 5,347
DEPRECIATION
At 1 September 2022 16,942
Charge for year 585
Eliminated on disposal (13,072 )
At 31 August 2023 4,455
NET BOOK VALUE
At 31 August 2023 892
At 31 August 2022 2,447

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 87,016 6,140

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 8,830 8,345
Taxation and social security 35,111 22,985
Other creditors 47,140 32,895
91,081 64,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 27,305 36,135

Fisk Associates Ltd (Registered number: 05144832)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
J Fisk and Mrs Y Fisk
Balance outstanding at start of year 6,140 11,995
Amounts advanced 210,146 100,080
Amounts repaid (129,270 ) (105,935 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,016 6,140

The loan is interest free and repayable on demand.