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Company Registration No. 12280351 (England and Wales)
Fone Fix 4U (Preston) Ltd Unaudited accounts for the year ended 31 October 2024
Fone Fix 4U (Preston) Ltd Unaudited accounts Contents
Page
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Fone Fix 4U (Preston) Ltd Company Information for the year ended 31 October 2024
Director
Muhammad Waqas
Company Number
12280351 (England and Wales)
Registered Office
92A FISHERGATE WALK ST. GEORGES SHOPPING CENTRE PRESTON PR1 2NR ENGLAND
Accountants
VTax Accountants Ltd 61 Barlow road Manchester M19 3DB
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Fone Fix 4U (Preston) Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,620 
8,470 
Current assets
Inventories
15,520 
8,520 
Debtors
8,499 
- 
Cash at bank and in hand
3,921 
9,014 
27,940 
17,534 
Creditors: amounts falling due within one year
(1,510)
(729)
Net current assets
26,430 
16,805 
Total assets less current liabilities
36,050 
25,275 
Creditors: amounts falling due after more than one year
(27,556)
(16,972)
Net assets
8,494 
8,303 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,394 
8,203 
Shareholders' funds
8,494 
8,303 
For the year ending 31 October 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 July 2025 and were signed on its behalf by
Muhammad Waqas Director Company Registration No. 12280351
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Fone Fix 4U (Preston) Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Fone Fix 4U (Preston) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12280351. The registered office is 92A FISHERGATE WALK, ST. GEORGES SHOPPING CENTRE, PRESTON, PR1 2NR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Fone Fix 4U (Preston) Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
- 
10,576 
800 
11,376 
Additions
3,026 
- 
- 
3,026 
At 31 October 2024
3,026 
10,576 
800 
14,402 
Depreciation
At 1 November 2023
- 
2,650 
256 
2,906 
Charge for the year
605 
1,189 
82 
1,876 
At 31 October 2024
605 
3,839 
338 
4,782 
Net book value
At 31 October 2024
2,421 
6,737 
462 
9,620 
At 31 October 2023
- 
7,926 
544 
8,470 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
8,499 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
638 
192 
Taxes and social security
872 
537 
1,510 
729 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,556 
16,972 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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