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REGISTERED NUMBER: 11170495 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BULLFIX LTD

BULLFIX LTD (REGISTERED NUMBER: 11170495)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BULLFIX LTD

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: M Howe
Q C M Solt
M Q Statham
N I Hancock





REGISTERED OFFICE: 64 Wilmhurst Rd
Warwick
Warwickshire
CV34 5LN





REGISTERED NUMBER: 11170495 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

BULLFIX LTD (REGISTERED NUMBER: 11170495)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 70,953 71,161
Tangible assets 5 9,379 6,293
80,332 77,454

CURRENT ASSETS
Stocks 91,032 62,999
Debtors 6 54,651 59,322
Cash at bank 89,994 153,147
235,677 275,468
CREDITORS
Amounts falling due within one year 7 191,473 174,318
NET CURRENT ASSETS 44,204 101,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,536

178,604

CAPITAL AND RESERVES
Called up share capital 324 147
Share premium 459,704 399,958
Retained earnings (335,492 ) (221,501 )
124,536 178,604

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

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

BULLFIX LTD (REGISTERED NUMBER: 11170495)

BALANCE SHEET - continued
31 January 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 16 July 2024 and were signed on its behalf by:





M Q Statham - Director


BULLFIX LTD (REGISTERED NUMBER: 11170495)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Bullfix Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Intangible assets
Intangible assets are measured at cost. After initial recognition intangible fixed assets are measured at cost less any accumulated amortisation. They are amortised over their estimated useful life with no amortisation in the current year as no sales have yet been realised.

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 - 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.

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.


BULLFIX LTD (REGISTERED NUMBER: 11170495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023 84,944
Additions 9,208
At 31 January 2024 94,152
AMORTISATION
At 1 February 2023 13,783
Charge for year 9,416
At 31 January 2024 23,199
NET BOOK VALUE
At 31 January 2024 70,953
At 31 January 2023 71,161

BULLFIX LTD (REGISTERED NUMBER: 11170495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 11,836
Additions 8,060
At 31 January 2024 19,896
DEPRECIATION
At 1 February 2023 5,543
Charge for year 4,974
At 31 January 2024 10,517
NET BOOK VALUE
At 31 January 2024 9,379
At 31 January 2023 6,293

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,220 9,568
Other debtors 28,431 49,754
54,651 59,322

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 4
Trade creditors 75,465 68,953
Taxation and social security 7,472 1,477
Other creditors 108,536 103,884
191,473 174,318

8. RELATED PARTY DISCLOSURES

At 31 January 2024 other creditors included loans made to the company by the directors of £94,350 (2023: £94,354). The loans are interest free and have no fixed date for repayment.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors jointly.