REGISTERED NUMBER: 04769881 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FISHER & NEWMAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Fisher

J Fisher

SECRETARY:

J Fisher

REGISTERED OFFICE:

53 Wash Lane

Clacton on Sea

Essex

CO15 1UR

REGISTERED NUMBER:

04769881 (England and Wales)

FIXED ASSETS

Intangible assets

4

10,500

15,750

Tangible assets

5

41,187

51,523

51,687

67,273

CURRENT ASSETS

Debtors

6

531,317

429,113

Cash at bank

265,327

76,994

796,644

506,107

CREDITORS

Amounts falling due within one year

7

(391,031

)

(144,967

)

NET CURRENT ASSETS

405,613

361,140

TOTAL ASSETS LESS CURRENT LIABILITIES

457,300

428,413

PROVISIONS FOR LIABILITIES

(8,237

)

(10,368

)

NET ASSETS

449,063

418,045

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

449,059

418,041

SHAREHOLDERS' FUNDS

449,063

418,045

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 3 September 2025 and were signed on its behalf by:

R Fisher - Director

1.	STATUTORY INFORMATION

Fisher & Newman 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

20% on cost and 20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

105,000

AMORTISATION

At 1 January 2024

89,250

Amortisation for year

5,250

At 31 December 2024

94,500

NET BOOK VALUE

At 31 December 2024

10,500

At 31 December 2023

15,750

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

119,769

DEPRECIATION

At 1 January 2024

68,246

Charge for year

10,336

At 31 December 2024

78,582

NET BOOK VALUE

At 31 December 2024

41,187

At 31 December 2023

51,523

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

VAT

28,120

9,245

Directors' current accounts

-

58

Prepayments and accrued income

503,197

419,810

531,317

429,113

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

15,833

25,833

Trade creditors

156,145

56,516

Tax

23,882

1,128

Social security and other taxes

170,683

57,065

Directors' current accounts

17,968

-

Accrued expenses

6,520

4,425

391,031

144,967

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

R Fisher and J Fisher

Balance outstanding at start of year

58

27,670

Amounts advanced

17,457

70,042

Amounts repaid

(17,515

)

(97,654

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

58

Advances are interest bearing and repayable on demand.