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REGISTERED NUMBER: 01824648 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

FIDGET LIMITED

FIDGET LIMITED (REGISTERED NUMBER: 01824648)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIDGET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: J S Hall





SECRETARY: Mr P I Powell





REGISTERED OFFICE: 6 Lancaster Court
Coronation Road
High Wycombe
Bucks
HP12 3TD





REGISTERED NUMBER: 01824648 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

FIDGET LIMITED (REGISTERED NUMBER: 01824648)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 65,823 19,895

CURRENT ASSETS
Stocks 7,389 6,780
Debtors 5 157,143 90,805
Cash at bank and in hand 19,226 11,912
183,758 109,497
CREDITORS
Amounts falling due within one year 6 132,488 92,388
NET CURRENT ASSETS 51,270 17,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,093

37,004

CREDITORS
Amounts falling due after more than one
year

7

10,392

-
NET ASSETS 106,701 37,004

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 106,581 36,884
SHAREHOLDERS' FUNDS 106,701 37,004

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th August 2024 and were signed by:





J S Hall - Director


FIDGET LIMITED (REGISTERED NUMBER: 01824648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Fidget 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 represents the net invoiced value of goods and services supplied by the company, excluding value added tax.


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.
Improvements to property - in accordance with the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 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.

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.

Pension costs and other post-retirement benefits
Payments in respect of other post-retirement benefits 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 7 (2023 - 6 ) .

FIDGET LIMITED (REGISTERED NUMBER: 01824648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1st June 2023 1 24,575 28,730 44,698 98,004
Additions - 7,432 3,510 55,476 66,418
Disposals (1 ) - - (9,674 ) (9,675 )
At 31st May 2024 - 32,007 32,240 90,500 154,747
DEPRECIATION
At 1st June 2023 1 14,979 22,755 40,374 78,109
Charge for year - 4,672 2,883 12,935 20,490
Eliminated on disposal (1 ) - - (9,674 ) (9,675 )
At 31st May 2024 - 19,651 25,638 43,635 88,924
NET BOOK VALUE
At 31st May 2024 - 12,356 6,602 46,865 65,823
At 31st May 2023 - 9,596 5,975 4,324 19,895

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£
COST
Additions 20,000
At 31st May 2024 20,000
DEPRECIATION
Charge for year 3,333
At 31st May 2024 3,333
NET BOOK VALUE
At 31st May 2024 16,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Trade debtors 117,777 75,602
Other debtors 39,366 15,203
157,143 90,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Finance leases 4,300 -
Trade creditors 58,367 58,748
Taxation and social security 48,813 24,808
Other creditors 21,008 8,832
132,488 92,388

FIDGET LIMITED (REGISTERED NUMBER: 01824648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£ £
Finance leases 10,392 -

8. RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with PSV Glass & Glazing Limited, a company of which P M Andrews is a director and a shareholder:

Sales to related party £400,029 (2023: £378,853), balance due from related party at 31 May 2024 £26,534
(2023: £11,345).