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REGISTERED NUMBER: 10527413 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FITZPATRICK TECHNOLOGY LIMITED

FITZPATRICK TECHNOLOGY LIMITED (REGISTERED NUMBER: 10527413)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FITZPATRICK TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr M A Fitzpatrick



REGISTERED OFFICE: The Tower
Daltongate Business Centre
Daltongate
Ulverston
Cumbria
LA12 7AJ



REGISTERED NUMBER: 10527413 (England and Wales)



BANKERS: Monzo Bank Ltd
Broadwalk House
5 Appold Street
London
EC2A 2AG

FITZPATRICK TECHNOLOGY LIMITED (REGISTERED NUMBER: 10527413)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,361 9,614

CURRENT ASSETS
Stocks 5 49,343 49,343
Debtors 6 67,618 132,578
116,961 181,921
CREDITORS
Amounts falling due within one year 7 103,980 150,904
NET CURRENT ASSETS 12,981 31,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,342

40,631

CREDITORS
Amounts falling due after more than one
year

8

24,405

29,091
NET ASSETS 3,937 11,540

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 3,927 11,530
SHAREHOLDERS' FUNDS 3,937 11,540

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

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

FITZPATRICK TECHNOLOGY LIMITED (REGISTERED NUMBER: 10527413)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





Mr M A Fitzpatrick - Director


FITZPATRICK TECHNOLOGY LIMITED (REGISTERED NUMBER: 10527413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Fitzpatrick Technology 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 represents net invoiced sales of goods and services, excluding VAT.

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 - 20% on cost
Fixtures and fittings - 25% on cost
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.

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 2 (2022 - 4 ) .

FITZPATRICK TECHNOLOGY LIMITED (REGISTERED NUMBER: 10527413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 412 4,411 26,823 31,646
Additions - 4,484 7,708 12,192
At 31 December 2023 412 8,895 34,531 43,838
DEPRECIATION
At 1 January 2023 412 3,713 17,907 22,032
Charge for year - 1,356 5,089 6,445
At 31 December 2023 412 5,069 22,996 28,477
NET BOOK VALUE
At 31 December 2023 - 3,826 11,535 15,361
At 31 December 2022 - 698 8,916 9,614

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 49,343 49,343

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 24,348 18,891
Directors' current accounts 43,172 112,910
67,520 131,801

Amounts falling due after more than one year:
Other debtors 98 777

Aggregate amounts 67,618 132,578

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 14,267 24,635
Trade creditors 2,184 2,079
Corporation tax 42,324 43,670
VAT 29,173 51,404
Other creditors 12,231 25,304
Accrued expenses 3,801 3,812
103,980 150,904

FITZPATRICK TECHNOLOGY LIMITED (REGISTERED NUMBER: 10527413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 1-2 years 10,288 10,036
Bank loans 2-5 years 14,117 19,055
24,405 29,091

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
NIL Ordinary £1 - 10
8 A Ordinary £1 8 -
2 B Ordinary £1 2 -
10 10

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr M A Fitzpatrick
Balance outstanding at start of year 112,910 92,390
Amounts advanced 43,172 112,910
Amounts repaid (112,910 ) (92,390 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,172 112,910

During the financial year the director was charged £1,736 (2022: £2,033) interest on the loan which is unsecured and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M A Fitzpatrick.