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REGISTERED NUMBER: 10163833 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Mr&Mrs Fitz Limited

Mr&Mrs Fitz Limited (Registered number: 10163833)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mr&Mrs Fitz Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P Fitzgerald





REGISTERED OFFICE: Seventeen Hartley
Milton Keynes
MK14 5BE





REGISTERED NUMBER: 10163833 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Mr&Mrs Fitz Limited (Registered number: 10163833)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 5 7,208 9,037

CURRENT ASSETS
Inventories 6 870 575
Debtors 7 1,600 1,373
Cash at bank 200 865
2,670 2,813
CREDITORS
Amounts falling due within one
year

8

26,244

18,007
NET CURRENT LIABILITIES (23,574 ) (15,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,366

)

(6,157

)

CREDITORS
Amounts falling due after more
than one year

9

9,931

10,324
NET LIABILITIES (26,297 ) (16,481 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (26,298 ) (16,482 )
SHAREHOLDERS' FUNDS (26,297 ) (16,481 )

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

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

Mr&Mrs Fitz Limited (Registered number: 10163833)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





P Fitzgerald - Director


Mr&Mrs Fitz Limited (Registered number: 10163833)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Mr&Mrs Fitz 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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the balance sheet date the company had net current liabilities of £23,574, however the director believes that the company will be able to meet its liabilities as they fall due and therefore feels it appropriate to draw up these financial statements on the going concern basis. These financial statements do not include any adjustments that would result should the company be unable to continue trading.

Turnover
Revenue 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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.


Mr&Mrs Fitz Limited (Registered number: 10163833)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. 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.

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.

Loans from the director
As a small entity the company measures a basic financial liability that are loans from the director at transaction price.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 4,846 39,670 44,516
Additions 761 - 761
Disposals (444 ) - (444 )
At 31 May 2024 5,163 39,670 44,833
DEPRECIATION
At 1 June 2023 2,542 32,937 35,479
Charge for year 720 1,683 2,403
Eliminated on disposal (257 ) - (257 )
At 31 May 2024 3,005 34,620 37,625
NET BOOK VALUE
At 31 May 2024 2,158 5,050 7,208
At 31 May 2023 2,304 6,733 9,037

6. INVENTORIES
31.5.24 31.5.23
£    £   
Stocks 870 575

Mr&Mrs Fitz Limited (Registered number: 10163833)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 598 -
Other debtors - 140
Prepayments and accrued income 1,002 1,233
1,600 1,373

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 1,529 1,529
Other loans 2,600 2,600
Trade creditors - 478
Directors' current accounts 15,585 9,292
Accruals and deferred income 6,530 4,108
26,244 18,007

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 6,118 6,118
Bank loans over 5 years 3,813 4,206
9,931 10,324

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

11. CAPITAL COMMITMENTS
31.5.24 31.5.23
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

Loans from members of key management personnel are unsecured and interest free with no specific repayment terms.