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REGISTERED NUMBER: 05528501 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FIMS Engines Limited

FIMS Engines Limited (Registered number: 05528501)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIMS Engines Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Marshall
Miss N L Meiduviene





REGISTERED OFFICE: 17 Charlton Street
West Marsh Industrial Estate
Grimsby
North East Lincs
DN31 1SQ





REGISTERED NUMBER: 05528501 (England and Wales)

FIMS Engines Limited (Registered number: 05528501)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,304 28,917

CURRENT ASSETS
Stocks 65,000 42,000
Debtors 5 19,185 27,605
Cash at bank and in hand 16,056 51,525
100,241 121,130
CREDITORS
Amounts falling due within one year 6 77,463 69,879
NET CURRENT ASSETS 22,778 51,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,082

80,168

PROVISIONS FOR LIABILITIES 4,560 5,072
NET ASSETS 47,522 75,096

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,422 74,996
47,522 75,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

FIMS Engines Limited (Registered number: 05528501)

Balance Sheet - continued
31 March 2024


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 August 2024 and were signed on its behalf by:





M Marshall - Director


FIMS Engines Limited (Registered number: 05528501)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

FIMS Engines 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

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.

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 (2023 - 3 ) .

FIMS Engines Limited (Registered number: 05528501)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 73,876
Additions 5,518
At 31 March 2024 79,394
DEPRECIATION
At 1 April 2023 44,959
Charge for year 5,131
At 31 March 2024 50,090
NET BOOK VALUE
At 31 March 2024 29,304
At 31 March 2023 28,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 6,031 10,765
Other debtors 13,154 16,840
19,185 27,605

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 36
Trade creditors 16,928 24,253
Taxation and social security 4,290 3,128
Other creditors 56,245 42,462
77,463 69,879

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.