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REGISTERED NUMBER: 09019896 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 MAY 2023 TO 31 DECEMBER 2023

FOR

NEEDAFIXER LIMITED

NEEDAFIXER LIMITED (REGISTERED NUMBER: 09019896)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MAY 2023 TO 31 DECEMBER 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


NEEDAFIXER LIMITED (REGISTERED NUMBER: 09019896)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 117,829 89,069
Investments 5 846,685 411,572
964,514 500,641

CURRENT ASSETS
Stocks 78,305 -
Debtors 6 7,283,913 2,464,526
Cash at bank and in hand 4,343,470 1,881,774
11,705,688 4,346,300
CREDITORS
Amounts falling due within one year 7 10,974,359 3,646,957
NET CURRENT ASSETS 731,329 699,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,695,843

1,199,984

PROVISIONS FOR LIABILITIES 8 29,457 18,502
NET ASSETS 1,666,386 1,181,482

CAPITAL AND RESERVES
Called up share capital 115 115
Retained earnings 1,666,271 1,181,367
1,666,386 1,181,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

NEEDAFIXER LIMITED (REGISTERED NUMBER: 09019896)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





Mr A Konstantinou - Director


NEEDAFIXER LIMITED (REGISTERED NUMBER: 09019896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MAY 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Needafixer Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09019896

Registered office: 1 Kings Avenue
Winchmore Hill
London
N21 3NA

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.

Preparation of consolidated financial statements
The financial statements contain information about Needafixer Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue
Revenue represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers. Revenue is recognised when services are rendered to the customers.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on reducing balance.

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investments in subsidiaries
Investment in subsidiary undertakings are recognised at cost less impairment.

NEEDAFIXER LIMITED (REGISTERED NUMBER: 09019896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Stocks
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Change in comparatives
The accounts have been prepared for a period of 7 months whereas the comparatives are for a period of 12 months.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 10 ) .

NEEDAFIXER LIMITED (REGISTERED NUMBER: 09019896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 30 May 2023 174,535
Additions 41,750
At 31 December 2023 216,285
DEPRECIATION
At 30 May 2023 85,466
Charge for period 12,990
At 31 December 2023 98,456
NET BOOK VALUE
At 31 December 2023 117,829
At 29 May 2023 89,069

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 May 2023 411,572
Additions 435,113
At 31 December 2023 846,685
NET BOOK VALUE
At 31 December 2023 846,685
At 29 May 2023 411,572

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 5,908,344 2,278,177
Amounts owed by group undertakings 480,846 7,509
Other debtors 894,723 178,840
7,283,913 2,464,526

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 3,279,977 2,631,832
Amounts owed to group undertakings 2,726,839 359,014
Taxation and social security 992,988 465,673
Other creditors 3,974,555 190,438
10,974,359 3,646,957

NEEDAFIXER LIMITED (REGISTERED NUMBER: 09019896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2023 TO 31 DECEMBER 2023

8. PROVISIONS FOR LIABILITIES
2023 2023
£    £   
Deferred tax 29,457 18,502

Deferred
tax
£   
Balance at 30 May 2023 18,502
Charge to Income Statement during period 10,955
Balance at 31 December 2023 29,457

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within other debtors less than one year is an amount of £4,315 (2023: £3,377) due from a connected company with common directorship. The balance is interest-free and recoverable on demand.