Company Registration No. 13806286 (England and Wales)
Fixate Group Ltd
Unaudited accounts
for the year ended 31 December 2024
Fixate Group Ltd
Unaudited accounts
Contents
Fixate Group Ltd
Company Information
for the year ended 31 December 2024
Director
Charles Richard Terry
Company Number
13806286 (England and Wales)
Registered Office
120 Fourth Floor Office
Charing Cross Road
London
London
England
Fixate Group Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
13,371
81,160
Creditors: amounts falling due within one year
(55,592)
(21,784)
Net current assets
75,399
59,376
Called up share capital
1
1
Profit and loss account
75,398
61,875
Shareholders' funds
75,399
61,876
For the year ending 31 December 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 30 September 2025 and were signed on its behalf by
Charles Richard Terry
Director
Company Registration No. 13806286
Fixate Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
Fixate Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 13806286. The registered office is 120 Fourth Floor Office, Charing Cross Road, London, London, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Income tax represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the period. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other periods 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.
Fixate Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Total
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(2,399)
81,039
120
78,520
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).