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REGISTERED NUMBER: 01224694 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Fidgeon Limited

Fidgeon Limited (Registered number: 01224694)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fidgeon Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: P Fidgeon
C Fidgeon





SECRETARY: P Fidgeon





REGISTERED OFFICE: Unit 3
Wingate Grange Industrial Estate
Wingate
Co. Durham
TS28 5AH





REGISTERED NUMBER: 01224694 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
7 Eggleston Court
Riverside Park
Middlesbrough
TS2 1RU

Fidgeon Limited (Registered number: 01224694)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,063 80,606

CURRENT ASSETS
Stocks 337,169 338,000
Debtors 5 722,915 542,644
Cash at bank and in hand 9,514 23,355
1,069,598 903,999
CREDITORS
Amounts falling due within one year 6 1,072,851 865,578
NET CURRENT (LIABILITIES)/ASSETS (3,253 ) 38,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,810

119,027

CREDITORS
Amounts falling due after more than one
year

7

(72,534

)

(92,348

)

PROVISIONS FOR LIABILITIES (3,385 ) (2,784 )
NET ASSETS 6,891 23,895

CAPITAL AND RESERVES
Called up share capital 653 653
Revaluation reserve 8 5,850 5,850
Capital redemption reserve 347 347
Retained earnings 41 17,045
6,891 23,895

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Fidgeon Limited (Registered number: 01224694)

Balance Sheet - continued
30 September 2023


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 12 January 2024 and were signed on its behalf by:





P Fidgeon - Director


Fidgeon Limited (Registered number: 01224694)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Fidgeon Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Fidgeon Limited (Registered number: 01224694)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 328,122 22,058 78,930 14,565 443,675
Additions - - 47,875 - 47,875
Disposals - - (16,539 ) - (16,539 )
At 30 September 2023 328,122 22,058 110,266 14,565 475,011
DEPRECIATION
At 1 October 2022 317,531 14,059 17,701 13,778 363,069
Charge for year 6,735 1,917 21,820 479 30,951
Eliminated on disposal - - (5,072 ) - (5,072 )
At 30 September 2023 324,266 15,976 34,449 14,257 388,948
NET BOOK VALUE
At 30 September 2023 3,856 6,082 75,817 308 86,063
At 30 September 2022 10,591 7,999 61,229 787 80,606

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 60,691
Additions 47,875
At 30 September 2023 108,566
DEPRECIATION
At 1 October 2022 15,354
Charge for year 18,642
At 30 September 2023 33,996
NET BOOK VALUE
At 30 September 2023 74,570
At 30 September 2022 45,337

Fidgeon Limited (Registered number: 01224694)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 482,569 377,821
Amounts owed by group undertakings 155,020 73,020
Amounts owed by participating interests 4,508 4,508
Other debtors 77,490 83,967
719,587 539,316

Amounts falling due after more than one year:
Other debtors 3,328 3,328

Aggregate amounts 722,915 542,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,455 25,455
Hire purchase contracts 17,143 13,734
Trade creditors 394,348 284,178
Taxation and social security 150,922 213,960
Other creditors 484,983 328,251
1,072,851 865,578

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 44,547 70,000
Hire purchase contracts 27,987 22,348
72,534 92,348

8. RESERVES
Revaluation
reserve
£   
At 1 October 2022
and 30 September 2023 5,850