Superior Fix Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07876909 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Superior Fix Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountant's Report

8

DIRECTOR:

T J Frew

REGISTERED OFFICE:

Unit B

Long Rock Industrial Estate

Penzance

Cornwall

TR20 8HX

REGISTERED NUMBER:

07876909 (England and Wales)

ACCOUNTANT:

Martin Laity Accounting & Tax Practitioner

Kelyn

Old Hill

Helston

Cornwall

TR13 8HT

FIXED ASSETS

Tangible assets

4

20,825

24,751

CURRENT ASSETS

Stocks

5

7,500

Debtors

6

81,146

96,765

Cash at bank and in hand

41,502

22,585

130,148

126,850

CREDITORS

Amounts falling due within one year

7

103,073

90,611

NET CURRENT ASSETS

27,075

36,239

TOTAL ASSETS LESS CURRENT
LIABILITIES

47,900

60,990

CREDITORS

Amounts falling due after more than one
year

8

(4,167

)

(14,167

)

PROVISIONS FOR LIABILITIES

(3,957

)

(4,703

)

NET ASSETS

39,776

42,120

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

39,676

42,020

SHAREHOLDERS' FUNDS

39,776

42,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 December 2025 and were signed by:

T J Frew - Director

1.	STATUTORY INFORMATION

Superior Fix Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover is recognised upon invoice for goods and services, except in circumstances where the company obtains the right to consideration.

Tangible fixed assets

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

Moulds

-

50% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Moulds

machinery

fittings

£

COST

At 1 January 2024

23,950

78,181

4,388

Additions

-

3,107

-

At 31 December 2024

23,950

81,288

4,388

DEPRECIATION

At 1 January 2024

23,950

62,784

1,358

Charge for year

-

4,626

454

At 31 December 2024

23,950

67,410

1,812

NET BOOK VALUE

At 31 December 2024

-

13,878

2,576

At 31 December 2023

-

15,397

3,030

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

10,500

13,416

130,435

Additions

-

3,107

At 31 December 2024

10,500

13,416

133,542

DEPRECIATION

At 1 January 2024

5,661

11,931

105,684

Charge for year

1,210

743

7,033

At 31 December 2024

6,871

12,674

112,717

NET BOOK VALUE

At 31 December 2024

3,629

742

20,825

At 31 December 2023

4,839

1,485

24,751

5.

STOCKS

2024

2023

£

Stocks

7,500

6.

DEBTORS

2024

2023

£

Amounts falling due within one year:

Trade debtors

56,251

71,614

Other debtors

2,700

Directors' current accounts

3,541

3,797

Tax

1,281

Prepayments

7,373

71,146

86,765

Amounts falling due after more than one year:

Other debtors

10,000

Aggregate amounts

81,146

96,765

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,000

Trade creditors

42,133

21,162

Tax

11,679

16,548

Social security and other taxes

4,717

8,828

VAT

21,397

21,495

Other creditors

9,597

9,028

Accrued expenses

3,550

103,073

90,611

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Loans - 1-2 years

4,167

10,000

Bank loans - 2-5 years

-

4,167

14,167

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

T J Frew

Balance outstanding at start of year

3,797

11,109

Amounts advanced

46,094

55,947

Amounts repaid

(46,351

)

(63,259

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,540

3,797

The main conditions regarding advances and credits were that sums were to be repaid to the company as soon as possible and any overdrawn balance at a month end in excess of £10,000 would incur interest at the official rate of interest. The official rate of interest during the year was 2.25% for the year.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2023 - £17,000) were paid to the director .

At the balance sheet date the company was owed £3,541 by the director. This was the balance on his director's current account and is disclosed within other debtors.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Frew.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Superior Fix Limited for the year ended 31 December 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Superior Fix Limited in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Superior Fix Limited and state those matters that I have agreed to state to the director of Superior Fix Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report.

It is your duty to ensure that Superior Fix Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Superior Fix Limited. You consider that Superior Fix Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Superior Fix Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Martin Laity Accounting & Tax Practitioner

Kelyn

Old Hill

Helston

Cornwall

TR13 8HT

29 December 2025