Company registration number 08549295 (England and Wales)
K FISHER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
K FISHER LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
K FISHER LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
323,442
271,987
Current assets
Stocks
231,247
160,289
Debtors
5
226,706
193,633
Cash at bank and in hand
161,773
159,700
619,726
513,622
Creditors: amounts falling due within one year
6
(518,581)
(450,675)
Net current assets
101,145
62,947
Total assets less current liabilities
424,587
334,934
Creditors: amounts falling due after more than one year
7
(165,727)
(133,022)
Provisions for liabilities
(79,460)
(63,752)
Net assets
179,400
138,160
Capital and reserves
Called up share capital
110
110
Profit and loss reserves
179,290
138,050
Total equity
179,400
138,160

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

K FISHER LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 January 2025 and are signed on its behalf by:
Mr K Fisher
Director
Company registration number 08549295 (England and Wales)
K FISHER LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2022
110
78,675
78,785
Year ended 30 June 2023:
Profit and total comprehensive income
-
163,775
163,775
Dividends
-
(104,400)
(104,400)
Balance at 30 June 2023
110
138,050
138,160
Year ended 30 June 2024:
Profit and total comprehensive income
-
166,040
166,040
Dividends
-
(124,800)
(124,800)
Balance at 30 June 2024
110
179,290
179,400
K FISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

K Fisher Limited is a private company limited by shares incorporated in England and Wales. The registered office is Cumbria Roofing Ulverston, Sandhall Road, Sandside, Ulverston, LA12 9EG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks and work in progress to their present location and condition.

 

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

K FISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
23
20
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
10,000
Amortisation and impairment
At 1 July 2023 and 30 June 2024
10,000
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
K FISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
485,528
Additions
116,637
Disposals
(28,823)
At 30 June 2024
573,342
Depreciation and impairment
At 1 July 2023
213,541
Depreciation charged in the year
59,137
Eliminated in respect of disposals
(22,778)
At 30 June 2024
249,900
Carrying amount
At 30 June 2024
323,442
At 30 June 2023
271,987
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
221,162
169,536
Other debtors
5,544
24,097
226,706
193,633
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,216
9,924
Trade creditors
322,527
256,555
Corporation tax
40,538
24,544
Other taxation and social security
26,333
51,706
Other creditors
118,967
107,946
518,581
450,675
K FISHER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,697
20,002
Other creditors
156,030
113,020
165,727
133,022
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