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Company Registration No. 08345025 (England and Wales)
Fitch (and Fetch) Leatherwork Ltd Unaudited accounts for the year ended 31 January 2024
Fitch (and Fetch) Leatherwork Ltd Unaudited accounts Contents
Page
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Fitch (and Fetch) Leatherwork Ltd Company Information for the year ended 31 January 2024
Director
Ms S Fitch Fellows
Company Number
08345025 (England and Wales)
Registered Office
Unit 6, The Courtyard Milton Road Aylesbury HP21 7LZ
Accountants
MJ Bookkeeping Services Limited Unit 6 The Courtyard Milton Road Aylesbury Buckinghamshire HP21 7LZ
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Fitch (and Fetch) Leatherwork Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,955 
5,397 
Current assets
Inventories
39,234 
36,582 
Cash at bank and in hand
34,683 
32,755 
73,917 
69,337 
Creditors: amounts falling due within one year
(31,476)
(38,546)
Net current assets
42,441 
30,791 
Net assets
46,396 
36,188 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
46,395 
36,187 
Shareholders' funds
46,396 
36,188 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2024 and were signed on its behalf by
Ms S Fitch Fellows Director Company Registration No. 08345025
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Fitch (and Fetch) Leatherwork Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Fitch (and Fetch) Leatherwork Ltd is a private company, limited by shares, registered in England and Wales, registration number 08345025. The registered office is Unit 6, The Courtyard, Milton Road, Aylesbury, HP21 7LZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 5 years
Motor vehicles
over 5 years
Fixtures & fittings
over 5 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Fitch (and Fetch) Leatherwork Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
25,000 
6,095 
6,628 
37,723 
At 31 January 2024
25,000 
6,095 
6,628 
37,723 
Depreciation
At 1 February 2023
25,000 
1,219 
6,107 
32,326 
Charge for the year
- 
1,219 
223 
1,442 
At 31 January 2024
25,000 
2,438 
6,330 
33,768 
Net book value
At 31 January 2024
- 
3,657 
298 
3,955 
At 31 January 2023
- 
4,876 
521 
5,397 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,382 
6,331 
Trade creditors
6,305 
4,463 
Taxes and social security
3,590 
4,942 
Loans from directors
17,199 
18,142 
Accruals
- 
4,668 
31,476 
38,546 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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