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04465118falsesale of musical instruments2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: 04465118






FIFTY-FLIP LIMITED


ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024
























Prepared By:
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW


ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024





DIRECTORS
KE Rycroft


REGISTERED OFFICE
1 Quad Road
East Lane
Wembley
Middlesex
HA9 7NE


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04465118




.



ACCOUNTANTS
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW


ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT31 December 2024
Registered number: 04465118
			2024		2023
	Notes		£		£

FIXED ASSETS
Tangible assets	2		247		309

CURRENT ASSETS
Stock		1,296		3,287
Debtors	4	5,639		7,151
Cash at bank and in hand		147		147
		7,082		10,585
CREDITORS: Amounts falling due within one year	5	244,317		298,555
NET CURRENT LIABILITIES			(237,235)		(287,970)
TOTAL ASSETS LESS CURRENT LIABILITIES			(236,988)		(287,661)

CAPITAL AND RESERVES

Called up share capital	7		1,000		1,000
Profit and loss account			(237,988)		(288,661)
SHAREHOLDERS' FUNDS			(236,988)		(287,661)

For the year ending 31 December 2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on23 September 2025and signed on their behalf by



.............................
KE Rycroft
Director




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		reducing balance 20%




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Going Concern
The company has negative net assets. These financial statements have been prepared on the going concern basis on the assumption that the amount owing to an associated company with a common director will not be repayable in the foreseeable future.




1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1e. Government Grants
Government grants are recognised in profit and loss in the period for which they are receivable.




2. TANGIBLE FIXED ASSETS


	Equipment	Total
	£	£
Cost
At 1 January 2024	7,298	7,298
At 31 December 2024	7,298	7,298
Depreciation
At 1 January 2024	6,989	6,989
For the year	62	62
At 31 December 2024	7,051	7,051
Net Book Amounts
At 31 December 2024	247	247
At 31 December 2023	309	309




3. STOCK	2024	2023
	£	£
Stock comprises:

Stock	1,296	3,287
	1,296	3,287




4. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
Trade debtors	1,768	1,490
Other debtors	3,871	3,871
Prepayments	-	1,790
	5,639	7,151




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
VAT	8,638	5,335
Loans	50,000	50,000
Trade creditors	24,061	16,382
Accruals	1,087	1,207
Deferred income	2,148	2,148
Amounts due to associated companies	158,383	223,483
	244,317	298,555




6. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees (including directors)	1	1




7. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each	1000	1000
	1,000	1,000




8. CONTROLLING PARTY
The company is controlled by KE Rycroft.