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Company Registration No. 08345025 (England and Wales)
Fitch (and Fetch) Leatherwork Ltd Unaudited accounts for the year ended 31 January 2025
Fitch (and Fetch) Leatherwork Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Fitch (and Fetch) Leatherwork Ltd Company Information for the year ended 31 January 2025
Director
Ms S Fitch Fellows
Company Number
08345025 (England and Wales)
Registered Office
Unit 6, The Courtyard Milton Road Aylesbury HP21 7LZ
Accountants
MJ Bookkeeping Services Limited Unit 6 The Courtyard Milton Road Aylesbury Buckinghamshire HP21 7LZ
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Fitch (and Fetch) Leatherwork Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,513
3,955
Current assets
Inventories
31,218
39,234
Cash at bank and in hand
18,861
34,683
50,079
73,917
Creditors: amounts falling due within one year
5
(14,563)
(31,476)
Net current assets
35,516
42,441
Net assets
38,029
46,396
Capital and reserves
Called up share capital
1
1
Profit and loss account
38,028
46,395
Shareholders' funds
38,029
46,396
For the year ending 31 January 2025 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 her 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 10 October 2025 and were signed on its behalf by
Ms S Fitch Fellows Director Company Registration No. 08345025
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Fitch (and Fetch) Leatherwork Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Fitch (and Fetch) Leatherwork Ltd is a private company, limited by shares, registered in England and Wales, registration number 08345025. The registered office is Unit 6, The Courtyard, Milton Road, Aylesbury, HP21 7LZ.
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:
Land & buildings
over 5 years
Motor vehicles
over 5 years
Fixtures & fittings
over 5 years
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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Fitch (and Fetch) Leatherwork Ltd Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
25,000
6,095
6,628
37,723
At 31 January 2025
25,000
6,095
6,628
37,723
Depreciation
At 1 February 2024
25,000
2,438
6,330
33,768
Charge for the year
-
1,219
223
1,442
At 31 January 2025
25,000
3,657
6,553
35,210
Net book value
At 31 January 2025
-
2,438
75
2,513
At 31 January 2024
-
3,657
298
3,955
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
7,112
4,382
Trade creditors
7,025
6,305
Taxes and social security
411
3,590
Loans from directors
15
17,199
14,563
31,476
6
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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