REGISTERED NUMBER: 15402417 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 10 JANUARY 2024 TO 30 JUNE 2025

FOR

FID ENTERPRISES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Green

Mr J Gaughan

REGISTERED OFFICE:

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

REGISTERED NUMBER:

15402417 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Vantage Point House

Silverhills Road

Decoy Industrial Estate

Newton Abbot

Devon

TQ12 5ND

FIXED ASSETS

Intangible assets

4

4,956

Tangible assets

5

6,996

11,952

CURRENT ASSETS

Debtors

6

48,753

Cash at bank

103,100

151,853

CREDITORS

Amounts falling due within one year

7

101,463

NET CURRENT ASSETS

50,390

TOTAL ASSETS LESS CURRENT LIABILITIES

62,342

PROVISIONS FOR LIABILITIES

1,749

NET ASSETS

60,593

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

60,493

SHAREHOLDERS' FUNDS

60,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2025 and were signed on its behalf by:

Mr M Green - Director

Mr J Gaughan - Director

1.	STATUTORY INFORMATION

FID Enterprises Ltd 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

7,080

At 30 June 2025

7,080

AMORTISATION

Amortisation for period

2,124

At 30 June 2025

2,124

NET BOOK VALUE

At 30 June 2025

4,956

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

Additions

4,512

5,100

499

10,111

At 30 June 2025

4,512

5,100

499

10,111

DEPRECIATION

Charge for period

1,015

1,913

187

3,115

At 30 June 2025

1,015

1,913

187

3,115

NET BOOK VALUE

At 30 June 2025

3,497

3,187

312

6,996

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

44,117

Prepayments

4,636

48,753

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

30,682

Tax

15,351

Social security and other taxes

3,919

Pension Creditor

706

VAT

25,216

Other creditors

550

Directors' current accounts

13,781

Accruals and deferred income

11,258

101,463

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2025:

£

Mr M Green

Balance outstanding at start of period

-

Amounts advanced

14,893

Amounts repaid

(28,659

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(13,766

)

Mr J Gaughan

Balance outstanding at start of period

-

Amounts advanced

3,485

Amounts repaid

(3,500

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(15

)

Loans are unsecured, interest free and repayable on demand.

9.	RELATED PARTY DISCLOSURES

During the period, total dividends of £7,000 were paid to the directors .