IRIS Accounts Production v24.3.2.46 07635905 director 1.6.23 31.5.24 31.5.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076359052023-05-31076359052024-05-31076359052023-06-012024-05-31076359052022-05-31076359052022-06-012023-05-31076359052023-05-3107635905ns15:EnglandWales2023-06-012024-05-3107635905ns14:PoundSterling2023-06-012024-05-3107635905ns10:Director12023-06-012024-05-3107635905ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3107635905ns10:SmallEntities2023-06-012024-05-3107635905ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3107635905ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3107635905ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3107635905ns10:FullAccounts2023-06-012024-05-310763590512023-06-012024-05-3107635905ns10:OrdinaryShareClass12023-06-012024-05-3107635905ns10:RegisteredOffice2023-06-012024-05-3107635905ns5:CurrentFinancialInstruments2024-05-3107635905ns5:CurrentFinancialInstruments2023-05-3107635905ns5:ShareCapital2024-05-3107635905ns5:ShareCapital2023-05-3107635905ns5:RetainedEarningsAccumulatedLosses2024-05-3107635905ns5:RetainedEarningsAccumulatedLosses2023-05-3107635905ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-012024-05-3107635905ns5:LeaseholdImprovements2023-06-012024-05-3107635905ns5:PlantMachinery2023-06-012024-05-3107635905ns5:FurnitureFittings2023-06-012024-05-3107635905ns5:MotorVehicles2023-06-012024-05-3107635905ns5:ComputerEquipment2023-06-012024-05-3107635905ns5:IntangibleAssetsOtherThanGoodwill2023-05-3107635905ns5:IntangibleAssetsOtherThanGoodwill2024-05-3107635905ns5:IntangibleAssetsOtherThanGoodwill2023-05-3107635905ns5:LeaseholdImprovements2023-05-3107635905ns5:PlantMachinery2023-05-3107635905ns5:FurnitureFittings2023-05-3107635905ns5:LeaseholdImprovements2024-05-3107635905ns5:PlantMachinery2024-05-3107635905ns5:FurnitureFittings2024-05-3107635905ns5:LeaseholdImprovements2023-05-3107635905ns5:PlantMachinery2023-05-3107635905ns5:FurnitureFittings2023-05-3107635905ns5:MotorVehicles2023-05-3107635905ns5:ComputerEquipment2023-05-3107635905ns5:MotorVehicles2024-05-3107635905ns5:ComputerEquipment2024-05-3107635905ns5:MotorVehicles2023-05-3107635905ns5:ComputerEquipment2023-05-3107635905ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3107635905ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3107635905ns10:OrdinaryShareClass12024-05-3107635905ns5:RetainedEarningsAccumulatedLosses2023-05-3107635905ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 07635905 (England and Wales)















FISHERS SALES DIRECT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






FISHERS SALES DIRECT LTD (REGISTERED NUMBER: 07635905)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FISHERS SALES DIRECT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: J A Fisher





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 07635905 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

FISHERS SALES DIRECT LTD (REGISTERED NUMBER: 07635905)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 67,997 26,958
67,997 26,958

CURRENT ASSETS
Debtors 6 1,227 767
Cash at bank and in hand 843 672
2,070 1,439
CREDITORS
Amounts falling due within one year 7 72,033 29,164
NET CURRENT LIABILITIES (69,963 ) (27,725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,966

)

(767

)

PROVISIONS FOR LIABILITIES 11,497 4,324
NET LIABILITIES (13,463 ) (5,091 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (13,563 ) (5,191 )
SHAREHOLDERS' FUNDS (13,463 ) (5,091 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FISHERS SALES DIRECT LTD (REGISTERED NUMBER: 07635905)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 27 February 2025 and were signed by:





J A Fisher - Director


FISHERS SALES DIRECT LTD (REGISTERED NUMBER: 07635905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Fishers Sales Direct 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 fixed assets
Formation costs were amortised fully in the first period of trading.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on reducing balance and 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

FISHERS SALES DIRECT LTD (REGISTERED NUMBER: 07635905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 215
AMORTISATION
At 1 June 2023
and 31 May 2024 215
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 June 2023 3,183 9,455 20,266
Additions 3,474 - 54,307
Disposals - (1,155 ) -
At 31 May 2024 6,657 8,300 74,573
DEPRECIATION
At 1 June 2023 - 3,750 2,301
Charge for year - 957 14,756
Eliminated on disposal - (231 ) -
At 31 May 2024 - 4,476 17,057
NET BOOK VALUE
At 31 May 2024 6,657 3,824 57,516
At 31 May 2023 3,183 5,705 17,965

FISHERS SALES DIRECT LTD (REGISTERED NUMBER: 07635905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 2,500 1,128 36,532
Additions - - 57,781
Disposals (2,500 ) - (3,655 )
At 31 May 2024 - 1,128 90,658
DEPRECIATION
At 1 June 2023 2,395 1,128 9,574
Charge for year - - 15,713
Eliminated on disposal (2,395 ) - (2,626 )
At 31 May 2024 - 1,128 22,661
NET BOOK VALUE
At 31 May 2024 - - 67,997
At 31 May 2023 105 - 26,958

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,110 695
Prepayments and accrued income 117 72
1,227 767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,002 -
Amounts owed to Apiary Gear Supplies Ltd 3,963 3,863
Directors' current accounts 63,908 24,101
Accruals and deferred income 2,160 1,200
72,033 29,164

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

FISHERS SALES DIRECT LTD (REGISTERED NUMBER: 07635905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

9. RESERVES
Retained
earnings
£   

At 1 June 2023 (5,191 )
Deficit for the year (8,372 )
At 31 May 2024 (13,563 )

10. RELATED PARTY DISCLOSURES

J A Fisher was also a director and shareholder in AGS Land Management Ltd (now known as Apiary Gear Supplies Ltd) until 30 April 2017, a company where his wife is now the sole director and shareholder. There is a loan between the two companies with a balance of £3,962.87 at the year end date.