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REGISTERED NUMBER: 10323236 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FITZ FLOORING LIMITED

FITZ FLOORING LIMITED (REGISTERED NUMBER: 10323236)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FITZ FLOORING LIMITED

COMPANY INFORMATION
for the Year Ended 31 AUGUST 2024







DIRECTOR: Mr L J Fitzgerald





REGISTERED OFFICE: 4, The Crescent
St Ippolyts
Hitchin
Herts
SG4 7RE





REGISTERED NUMBER: 10323236 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

FITZ FLOORING LIMITED (REGISTERED NUMBER: 10323236)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 13,490 17,888

CURRENT ASSETS
Stocks 300 500
Debtors 6 8,266 4,237
Cash at bank 167 4,536
8,733 9,273
CREDITORS
Amounts falling due within one year 7 17,451 16,407
NET CURRENT LIABILITIES (8,718 ) (7,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,772

10,754

CREDITORS
Amounts falling due after more than one
year

8

(2,598

)

(7,793

)

PROVISIONS FOR LIABILITIES (2,064 ) (2,790 )
NET ASSETS 110 171

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 71
SHAREHOLDERS' FUNDS 110 171

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

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

FITZ FLOORING LIMITED (REGISTERED NUMBER: 10323236)

BALANCE SHEET - continued
31 AUGUST 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 director and authorised for issue on 4 April 2025 and were signed by:





Mr L J Fitzgerald - Director


FITZ FLOORING LIMITED (REGISTERED NUMBER: 10323236)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 AUGUST 2024

1. STATUTORY INFORMATION

Fitz Flooring 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Going concern
The financial statements have been prepared on the going concern basis. The director has provided confirmation that the shareholder will continue to support the company with adequate resources to enable the company to continue in operational existence for the foreseeable future. Accordingly he continues to adopt the going concern basis in preparing the financial statements.

FITZ FLOORING LIMITED (REGISTERED NUMBER: 10323236)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 2,640 24,988 27,628
DEPRECIATION
At 1 September 2023 1,151 8,589 9,740
Charge for year 298 4,100 4,398
At 31 August 2024 1,449 12,689 14,138
NET BOOK VALUE
At 31 August 2024 1,191 12,299 13,490
At 31 August 2023 1,489 16,399 17,888

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 24,988
DEPRECIATION
At 1 September 2023 8,589
Charge for year 4,100
At 31 August 2024 12,689
NET BOOK VALUE
At 31 August 2024 12,299
At 31 August 2023 16,399

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 120
Other debtors 8,266 4,117
8,266 4,237

FITZ FLOORING LIMITED (REGISTERED NUMBER: 10323236)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,195 5,195
Taxation and social security 7,931 7,067
Other creditors 4,325 4,145
17,451 16,407

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 2,598 7,793

9. CALLED UP SHARE CAPITAL

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr L J Fitzgerald
Balance outstanding at start of year 3,642 -
Amounts advanced 4,378 3,642
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,020 3,642