FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Company Registration Number:
09986668 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Company Information

for the Period Ended 29 February 2024




Director: Mr E R Bianchi
Mr A Ellis
Registered office: 195b
Ardleigh Green Road
Hornchurch
Essex
GBR
RM11 2SD
Company Registration Number: 09986668 (England and Wales)

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 109,422 83,038
Total fixed assets: 109,422 83,038
Current assets
Debtors: 5 75,786 81,864
Cash at bank and in hand: 50,185 46,602
Total current assets: 125,971 128,466
Creditors: amounts falling due within one year: 6 ( 143,702 ) ( 99,894 )
Net current assets (liabilities): ( 17,731 ) 28,572
Total assets less current liabilities: 91,691 111,610
Creditors: amounts falling due after more than one year: 7 ( 79,696 ) ( 107,534 )
Total net assets (liabilities): 11,995 4,076

The notes form part of these financial statements

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 200 200
Profit and loss account: 11,795 3,876
Shareholders funds: 11,995 4,076

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 October 2024
And Signed On Behalf Of The Board By:

Name: Mr E R Bianchi
Status: Director

Name: Mr A Ellis
Status: Director

The notes form part of these financial statements

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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:


    Plant and machinery 25% - reducing balance
    Fixtures, fittings, tools and equipment 25% - reducing balance
    Computer Equipment 25% - reducing balance

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 10 10

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible assets

Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £
At 01 March 2023 171,338 10,427 11,376 193,141
Additions 42,812 - 5,776 48,588
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 29 February 2024 214,150 10,427 17,152 241,729
Depreciation
At 01 March 2023 95,311 6,598 8,194 110,103
Charge for year 19,038 1,020 2,146 22,204
On disposals - - - -
Other adjustments - - - -
At 29 February 2024 114,349 7,618 10,340 132,307
Net book value
At 29 February 2024 99,801 2,809 6,812 109,422
At 28 February 2023 76,027 3,829 3,182 83,038

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Debtors


2024
£

2023
£
Trade debtors 68,495 72,301
Other debtors 7,291 9,563
Total 75,786 81,864

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Amounts due under finance leases and hire purchase contracts 35,875 17,907
Trade creditors 258
Taxation and social security 5,639 12,621
Accruals and deferred income 1,275 1,275
Other creditors 100,655 68,091
Total 143,702 99,894

FIXATION SURFACE REPAIR SPECIALISTS LIMITED

Notes to the Financial Statements

for the Period Ended 29 February 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 31,515 46,060
Amounts due under finance leases and hire purchase contracts 48,181 61,474
Total 79,696 107,534