Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 04929014 Mrs Carol Fitzpatrick Mr Ernest Fitzpatrick Mrs Carol Fitzpatrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04929014 2024-03-31 04929014 2025-03-31 04929014 2024-04-01 2025-03-31 04929014 frs-core:CurrentFinancialInstruments 2025-03-31 04929014 frs-core:BetweenOneFiveYears 2025-03-31 04929014 frs-core:ComputerEquipment 2025-03-31 04929014 frs-core:ComputerEquipment 2024-04-01 2025-03-31 04929014 frs-core:ComputerEquipment 2024-03-31 04929014 frs-core:FurnitureFittings 2025-03-31 04929014 frs-core:FurnitureFittings 2024-04-01 2025-03-31 04929014 frs-core:FurnitureFittings 2024-03-31 04929014 frs-core:MotorVehicles 2025-03-31 04929014 frs-core:MotorVehicles 2024-04-01 2025-03-31 04929014 frs-core:MotorVehicles 2024-03-31 04929014 frs-core:WithinOneYear 2025-03-31 04929014 frs-core:ShareCapital 2025-03-31 04929014 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 04929014 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04929014 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 04929014 frs-bus:SmallEntities 2024-04-01 2025-03-31 04929014 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 04929014 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 04929014 frs-bus:Director1 2024-04-01 2025-03-31 04929014 frs-bus:Director2 2024-04-01 2025-03-31 04929014 frs-bus:CompanySecretary1 2024-04-01 2025-03-31 04929014 frs-core:CurrentFinancialInstruments 2 2025-03-31 04929014 frs-countries:EnglandWales 2024-04-01 2025-03-31 04929014 2023-03-31 04929014 2024-03-31 04929014 2023-04-01 2024-03-31 04929014 frs-core:CurrentFinancialInstruments 2024-03-31 04929014 frs-core:BetweenOneFiveYears 2024-03-31 04929014 frs-core:WithinOneYear 2024-03-31 04929014 frs-core:ShareCapital 2024-03-31 04929014 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 04929014 frs-core:CurrentFinancialInstruments 2 2024-03-31
Registered number: 04929014
Fitzpatrick Exports UK Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Trevelyan & Company Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04929014
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,372 9,488
53,372 9,488
CURRENT ASSETS
Debtors 5 143,140 82,409
Cash at bank and in hand 348,853 373,677
491,993 456,086
Creditors: Amounts Falling Due Within One Year 6 (355,298 ) (224,216 )
NET CURRENT ASSETS (LIABILITIES) 136,695 231,870
TOTAL ASSETS LESS CURRENT LIABILITIES 190,067 241,358
PROVISIONS FOR LIABILITIES
Deferred Taxation (332 ) (5,070 )
NET ASSETS 189,735 236,288
CAPITAL AND RESERVES
Called up share capital 7 4 4
Profit and Loss Account 189,731 236,284
SHAREHOLDERS' FUNDS 189,735 236,288
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Carol Fitzpatrick
Director
16/06/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fitzpatrick Exports UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04929014 . The registered office is Batley Business Park, Unit 46, Technology Drive, Batley, West Yorkshire, WF17 6ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on WDV
Fixtures & Fittings 25% on WDV
Computer Equipment 25% on WDV
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
Page 3
Page 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 42,380 3,810 8,841 55,031
Additions 58,706 - 1,618 60,324
Disposals (42,380 ) - - (42,380 )
As at 31 March 2025 58,706 3,810 10,459 72,975
Depreciation
As at 1 April 2024 36,208 2,851 6,484 45,543
Provided during the period 9,895 240 671 10,806
Disposals (36,746 ) - - (36,746 )
As at 31 March 2025 9,357 3,091 7,155 19,603
Net Book Value
As at 31 March 2025 49,349 719 3,304 53,372
As at 1 April 2024 6,172 959 2,357 9,488
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 130,370 68,340
Prepayments and accrued income 1,442 1,208
Other debtors 3,775 3,760
VAT 7,553 9,101
143,140 82,409
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 333,353 189,557
Corporation tax 6,293 22,637
Other taxes and social security 7,922 6,804
Other creditors 1,047 -
Credit Card (2) (Current liabilities - creditors < 1 year) 2,210 700
Accruals and deferred income 4,450 4,377
Directors' loan accounts 23 141
355,298 224,216
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
Page 4
Page 5
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 4,569 4,569
Later than one year and not later than five years 761 5,330
5,330 9,899
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