REGISTERED NUMBER: 11170495 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BULLFIX LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Q C M Solt

M Q Statham

N I Hancock

REGISTERED OFFICE:

64 Wilmhurst Rd

Warwick

Warwickshire

CV34 5LN

REGISTERED NUMBER:

11170495 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Intangible assets

4

86,556

70,953

Tangible assets

5

4,568

9,379

91,124

80,332

CURRENT ASSETS

Stocks

77,338

91,032

Debtors

6

77,386

54,651

Cash at bank

57,908

89,994

212,632

235,677

CREDITORS

Amounts falling due within one year

7

199,542

191,473

NET CURRENT ASSETS

13,090

44,204

TOTAL ASSETS LESS CURRENT LIABILITIES

104,214

124,536

CAPITAL AND RESERVES

Called up share capital

324

324

Share premium

459,704

459,704

Retained earnings

(355,814

)

(335,492

)

104,214

124,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2025 and were signed on its behalf by:

M Q Statham - Director

1.	STATUTORY INFORMATION

Bullfix 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 ten years.

Intangible assets

Intangible assets are measured at cost. After initial recognition intangible fixed assets are measured at cost less any accumulated amortisation. They are amortised over their estimated useful life with no amortisation in the current year as no sales have yet been realised.

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

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 year was 6 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

94,152

Additions

27,798

At 31 January 2025

121,950

AMORTISATION

At 1 February 2024

23,199

Charge for year

12,195

At 31 January 2025

35,394

NET BOOK VALUE

At 31 January 2025

86,556

At 31 January 2024

70,953

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

19,896

Additions

1,108

Disposals

(2,085

)

At 31 January 2025

18,919

DEPRECIATION

At 1 February 2024

10,517

Charge for year

5,252

Eliminated on disposal

(1,418

)

At 31 January 2025

14,351

NET BOOK VALUE

At 31 January 2025

4,568

At 31 January 2024

9,379

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

48,281

26,220

Other debtors

29,105

28,431

77,386

54,651

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,661

-

Trade creditors

70,248

75,465

Taxation and social security

9,285

7,472

Other creditors

116,348

108,536

199,542

191,473

8.	RELATED PARTY DISCLOSURES

At 31 January 2025 other creditors included loans made to the company by the directors of £7,754 (2024: £94,350). The loans are interest free and have no fixed date for repayment.

At 31 January 2025 other creditors included loans made to the company by the Chinatech Sourcing Limited, a company with shared directors and shareholder, of £27,831 (2024: £nil). The loans are interest free and have no fixed date for repayment.

At 31 January 2025 other creditors included loans made to the company by the Amalgamated Holdings Wilkinson Limited, a company which is a shareholder, of £21,537 (2024: £nil). The loans are interest free and have no fixed date for repayment.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors jointly.