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REGISTERED NUMBER: 05180788 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

FIXINGS PLUS LTD

FIXINGS PLUS LTD (REGISTERED NUMBER: 05180788)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIXINGS PLUS LTD

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mrs L Fisher
S E J Whitehouse





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 05180788 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
Chartered Accountants
Statutory Auditors
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

FIXINGS PLUS LTD (REGISTERED NUMBER: 05180788)

BALANCE SHEET
31 August 2024

2024 2023
(Unaudited)
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 49,298 70,744

CURRENT ASSETS
Stocks 252,116 246,010
Debtors 5 1,598,000 1,505,876
Cash at bank and in hand 549,672 394,849
2,399,788 2,146,735
CREDITORS
Amounts falling due within one year 6 390,827 514,304
NET CURRENT ASSETS 2,008,961 1,632,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,058,259

1,703,175

PROVISIONS FOR LIABILITIES 7 11,100 16,489
NET ASSETS 2,047,159 1,686,686

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 2,047,059 1,686,586
SHAREHOLDERS' FUNDS 2,047,159 1,686,686

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 28 May 2025 and were signed on its behalf by:





S E J Whitehouse - Director


FIXINGS PLUS LTD (REGISTERED NUMBER: 05180788)

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

1. STATUTORY INFORMATION

Fixings Plus 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

FIXINGS PLUS LTD (REGISTERED NUMBER: 05180788)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 18,362 52,160 126,157 1,058 197,737
Disposals - - (25,512 ) - (25,512 )
At 31 August 2024 18,362 52,160 100,645 1,058 172,225
DEPRECIATION
At 1 September 2023 18,362 36,053 72,446 132 126,993
Charge for year - 5,064 12,531 265 17,860
Eliminated on disposal - - (21,926 ) - (21,926 )
At 31 August 2024 18,362 41,117 63,051 397 122,927
NET BOOK VALUE
At 31 August 2024 - 11,043 37,594 661 49,298
At 31 August 2023 - 16,107 53,711 926 70,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade debtors 594,775 498,227
Amounts owed by group undertakings 946,300 960,954
Tax 8,080 -
Prepayments 48,845 46,695
1,598,000 1,505,876

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade creditors 288,599 209,350
Amounts owed to group undertakings 24,283 240,669
Tax - 14,062
Social security and other taxes 8,657 9,124
VAT 54,554 6,491
Other creditors 4,899 4,787
Accruals and deferred income 9,835 29,821
390,827 514,304

FIXINGS PLUS LTD (REGISTERED NUMBER: 05180788)

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

7. PROVISIONS FOR LIABILITIES
2024 2023
(Unaudited)
£    £   
Deferred tax
Accelerated capital allowances 12,325 17,686
Other timing differences (1,225 ) (1,197 )
11,100 16,489

Deferred
tax
£   
Balance at 1 September 2023 16,489
Credit to Income Statement during year (5,389 )
Balance at 31 August 2024 11,100

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 September 2023 1,686,586
Profit for the year 360,473
At 31 August 2024 2,047,059

FIXINGS PLUS LTD (REGISTERED NUMBER: 05180788)

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

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We were not appointed as auditor of the company until after 31 August 2023 and thus did not observe the counting of physical inventories at the end of of the year ended 31 August 2022 or 31 August 2023. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 August 2022 or 31 August 2023, which are included in the balance sheet at £215,714 and £246,010 respectively, by using other audit procedures. Consequently we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

The comparative figures were not audited.

Mark Spafford FCCA ACA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

11. PENSION COMMITMENTS

Included in other creditors is £4,899 (2023 - £4,787) of outstanding pension contributions.

12. PARENT UNDERTAKING

The company is a wholly owned subsidiary of Stulou Limited, a company registered in England and Wales.