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REGISTERED NUMBER: 04311712 (England and Wales)











FIDELITY INTEGRATED SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2024






FIDELITY INTEGRATED SYSTEMS LIMITED (REGISTERED NUMBER: 04311712)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 8

FIDELITY INTEGRATED SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: A J Atkinson
Mrs A J Atkinson
Mrs S Caswall
M Edgar





SECRETARY: Mrs A J Atkinson





REGISTERED OFFICE: 1 Stables Court
High Street
St. Mary Cray
Orpington
Kent
BR5 3NL





REGISTERED NUMBER: 04311712 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

FIDELITY INTEGRATED SYSTEMS LIMITED (REGISTERED NUMBER: 04311712)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,357 27,034

CURRENT ASSETS
Stocks 5 17,000 16,830
Debtors 6 646,151 548,163
Cash at bank and in hand 1,044,028 1,037,645
1,707,179 1,602,638
CREDITORS
Amounts falling due within one year 7 771,943 827,669
NET CURRENT ASSETS 935,236 774,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

956,593

802,003

CREDITORS
Amounts falling due after more than one
year

8

7,501

17,501
NET ASSETS 949,092 784,502

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 948,092 783,502
SHAREHOLDERS' FUNDS 949,092 784,502

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

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

FIDELITY INTEGRATED SYSTEMS LIMITED (REGISTERED NUMBER: 04311712)

BALANCE SHEET - continued
31 October 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





A J Atkinson - Director


FIDELITY INTEGRATED SYSTEMS LIMITED (REGISTERED NUMBER: 04311712)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

Fidelity Integrated Systems Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

Going concern
It is the directors' opinion that the company is a going concern for the foreseeable future.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.


FIDELITY INTEGRATED SYSTEMS LIMITED (REGISTERED NUMBER: 04311712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 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.

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.

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.

Debtors
Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are shown within borrowings in current liabilities.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 20 ) .

FIDELITY INTEGRATED SYSTEMS LIMITED (REGISTERED NUMBER: 04311712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 48,731 33,688 44,276 126,695
Disposals - (13,415 ) - (13,415 )
At 31 October 2024 48,731 20,273 44,276 113,280
DEPRECIATION
At 1 November 2023 35,941 31,014 32,706 99,661
Charge for year 1,918 115 1,736 3,769
Eliminated on disposal - (11,507 ) - (11,507 )
At 31 October 2024 37,859 19,622 34,442 91,923
NET BOOK VALUE
At 31 October 2024 10,872 651 9,834 21,357
At 31 October 2023 12,790 2,674 11,570 27,034

5. STOCKS
2024 2023
£    £   
Stocks 17,000 16,830

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 208,692 516,465
Other debtors 437,459 31,698
646,151 548,163

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 128,053 284,416
Taxation and social security 177,283 226,388
Other creditors 456,607 306,865
771,943 827,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,501 17,501

FIDELITY INTEGRATED SYSTEMS LIMITED (REGISTERED NUMBER: 04311712)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 51,512 43,133
Between one and five years 11,078 47,064
62,590 90,197

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RELATED PARTY DISCLOSURES

As at the balance sheet date, the directors owed the company £307,842 (2023 - the company owed the directors £158). The balance was repaid within nine months of the year end.

As at the balance sheet date, £101,000 (2023: £Nil) was owed to the company from Andralis Investments Limited, a company with directors and shareholders in common.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FIDELITY INTEGRATED SYSTEMS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fidelity Integrated Systems Limited for the year ended 31 October 2024 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fidelity Integrated Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fidelity Integrated Systems Limited and state those matters that we have agreed to state to the Board of Directors of Fidelity Integrated Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fidelity Integrated Systems Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fidelity Integrated Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fidelity Integrated Systems Limited. You consider that Fidelity Integrated Systems Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fidelity Integrated Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


4 March 2025