Registered number
11136358
Mr Gas Fix Limited
Filleted Accounts
31 January 2024
Mr Gas Fix Limited
Registered number: 11136358
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 37,748 3,871
Current assets
Stocks 364,000 379,250
Debtors 4 60,150 30,125
Cash at bank and in hand 33,949 20,468
458,099 429,843
Creditors: amounts falling due within one year 5 (183,976) (250,312)
Net current assets 274,123 179,531
Total assets less current liabilities 311,871 183,402
Creditors: amounts falling due after more than one year 6 (127,705) (50,000)
Net assets 184,166 133,402
Capital and reserves
Called up share capital 1 1
Profit and loss account 184,165 133,401
Shareholders' funds 184,166 133,402
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Osman Aftab
Director
Approved by the board on 3 October 2024
Mr Gas Fix Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 5,900 - 5,900
Additions 27,537 10,534 38,071
At 31 January 2024 33,437 10,534 43,971
Depreciation
At 1 February 2023 2,029 - 2,029
Charge for the year 3,141 1,053 4,194
At 31 January 2024 5,170 1,053 6,223
Net book value
At 31 January 2024 28,267 9,481 37,748
At 31 January 2023 3,871 - 3,871
4 Debtors 2024 2023
£ £
Trade debtors 60,150 30,125
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 166,771 214,022
Taxation and social security costs 16,255 26,785
Other creditors 950 9,505
183,976 250,312
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 39,248 50,000
Other creditors 88,457 -
127,705 50,000
7 Controlling party
The company is controlled by the director who owns 100% of the called up share capital.
8 Other information
Mr Gas Fix Limited is a private company limited by shares and incorporated in England. Its registered office is:
170 Queen Street
Walsall
West Midlands
WS2 9NT
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