Call2Fix Ltd
Registered number: 10493230
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 22,367 4,464
Current assets
Debtors 5 1,926 1,771
Cash at bank and in hand 9,630 4,205
11,556 5,976
Creditors: amounts falling due within one year 6 (51,280) (26,020)
Net current liabilities (39,724) (20,044)
Total assets less current liabilities (17,357) (15,580)
Creditors: amounts falling due after more than one year 7 (2,794) (6,543)
Net liabilities (20,151) (22,123)
Capital and reserves
Called up share capital 1 1
Profit and loss account (20,152) (22,124)
Shareholder's funds (20,151) (22,123)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M.A.Tidball
Director
Approved by the board on 28 March 2025
Call2Fix Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% reducing balance basis
Plant and machinery 20% reducing balance basis
Fixtures, fittings, tools and equipment 20% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 5,578
At 30 November 2024 5,578
Amortisation
At 1 December 2023 5,578
At 30 November 2024 5,578
Net book value
At 30 November 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2023 6,491 9,623 16,114
Additions - 22,675 22,675
Disposals - (9,623) (9,623)
At 30 November 2024 6,491 22,675 29,166
Depreciation
At 1 December 2023 4,045 7,605 11,650
Charge for the year 489 2,265 2,754
On disposals - (7,605) (7,605)
At 30 November 2024 4,534 2,265 6,799
Net book value
At 30 November 2024 1,957 20,410 22,367
At 30 November 2023 2,446 2,018 4,464
5 Debtors 2024 2023
£ £
Trade debtors 1,501 1,771
Other debtors 425 -
1,926 1,771
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,542 10,068
Trade creditors 4,288 462
Other creditors 42,450 15,490
51,280 26,020
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,794 6,543
8 Other information
Call2Fix Ltd is a private company limited by shares and incorporated in England. Its registered office is:
18 The Grove
Rumney
Cardiff
Wales
CF3 3HG
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