Company registration number 11486584 (England and Wales)
FIDAUX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
FIDAUX LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FIDAUX LIMITED
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
FIXED ASSETS
Tangible assets
3
285
1,521
CURRENT ASSETS
Debtors
4
12,051
17,854
Investments
5
1
-
0
Cash at bank and in hand
4,260
5,355
16,312
23,209
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6
(30,854)
(15,457)
NET CURRENT (LIABILITIES)/ASSETS
(14,542)
7,752
TOTAL ASSETS LESS CURRENT LIABILITIES
(14,257)
9,273
PROVISIONS FOR LIABILITIES
4,482
-
NET (LIABILITIES)/ASSETS
(9,775)
9,273
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss reserves
(9,776)
9,272
TOTAL EQUITY
(9,775)
9,273

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

FIDAUX LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2024
31 July 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 3 June 2025
Dr A J Syms
Director
Company registration number 11486584 (England and Wales)
FIDAUX LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 3 -
1
ACCOUNTING POLICIES
Company information

Fidaux Limited is a private company limited by shares incorporated in England and Wales. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The accounts have been prepared on a going concern basis.

 

The accounts show the company had net liabilities of £9,775 at the balance sheet date. The director has therefore had to consider the appropriateness of the going concern basis.

 

The company has been able to finance its operations largely because of the support from its creditors. Were this support not available, the company may not be able to continue trading. The director is satisfied that with this continuing support, the company will be able to meet its liabilities as they fall due.

 

Therefore, the director considers it appropriate to prepare the accounts on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment
33% straight line
FIDAUX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
EMPLOYEES
2024
2023
Number
Number
Total
1
1
FIDAUX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 5 -
3
TANGIBLE FIXED ASSETS
Plant and machinery etc
£
Cost
At 1 August 2023
4,203
Disposals
(1,549)
At 31 July 2024
2,654
Depreciation and impairment
At 1 August 2023
2,682
Depreciation charged in the year
870
Eliminated in respect of disposals
(1,183)
At 31 July 2024
2,369
Carrying amount
At 31 July 2024
285
At 31 July 2023
1,521
4
DEBTORS
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
2,020
2,020
Other debtors
10,031
15,834
12,051
17,854
5
CURRENT ASSET INVESTMENTS
2024
2023
£
£
Other investments
1
-
0
FIDAUX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 6 -
6
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Corporation tax
188
-
0
Other creditors
30,666
15,457
30,854
15,457
7
DIRECTORS' TRANSACTIONS

Dividends totalling £2,000 (2023 - £2,000) were paid in the year in respect of shares held by the company's directors.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Dr A J Syms
-
(6,418)
(6,855)
5,607
(7,666)
(6,418)
(6,855)
5,607
(7,666)
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