R F Fixing Ltd - Filleted accounts

R F Fixing Ltd
Registered number:		04752666
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		49,215			21,939

Current assets
Stocks		265,104			2,343
Debtors	4	341,759			358,381
Cash at bank and in hand		1,134,085			743,811
		1,740,948			1,104,535

Creditors: amounts falling due within one year	5	(382,776)			(72,521)

Net current assets			1,358,172			1,032,014

Total assets less current liabilities			1,407,387			1,053,953

Creditors: amounts falling due after more than one year	6		(8,778)			-

Provisions for liabilities			(4,560)			-


Net assets			1,394,049			1,053,953

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,393,949			1,053,853

Shareholders' funds			1,394,049			1,053,953

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Ryan
Director
Approved by the board on 24 November 2025

R F Fixing Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	25% Reducing Balance
	Plant and machinery	25% Reducing Balance
	Fixtures, fittings, tools and equipment	25% Reducing Balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2024	60,823		98,118		158,941
	Additions	1,829		43,328		45,157
	Disposals	-		(38,199)		(38,199)
	At 31 May 2025	62,652		103,247		165,899

	Depreciation
	At 1 June 2024	50,849		86,153		137,002
	Charge for the year	2,951		13,455		16,406
	On disposals	-		(36,724)		(36,724)
	At 31 May 2025	53,800		62,884		116,684

	Net book value
	At 31 May 2025	8,852		40,363		49,215
	At 31 May 2024	9,974		11,965		21,939




4	Debtors			2025		2024
£					£

	Trade debtors			171,797		200,635
	Amounts owed by related party			150,000		150,000
	Deferred tax asset			-		4,959
	VAT Recoverable			18,653		1,787
	Other debtors			1,309		1,000
				341,759		358,381


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			899		-
	Obligations under finance lease and hire purchase contracts			2,716		-
	Trade creditors			113,885		2,841
	Amounts owed to directors			5,856		3,298
	Corporation tax			142,738		35,309
	Other taxes and social security costs			52,385		12,365
	Other creditors			64,297		18,708
				382,776		72,521


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			8,778		-


7	Secured obligations			2025		2024
£					£
	Creditors include:

	Obligations under finance lease and hire purchase contracts			11,494		-

	The company’s finance obligations are secured on the assets to which they relate.


8	Related party transactions

	The company has an outstanding loan balance due from K & A Properties (Southern) Ltd (company number 13794881), a company under common directorship. The loan was advanced in a prior year and the balance outstanding at 31 May 2025 was £150,000 (2024: £150,000). The loan is unsecured, interest-free and repayable on demand. At 31 May 2025, amounts of £5,856 (2024: £3,298) were owed to the directors. These balances are unsecured, interest free and repayable on demand.


9	Other information

	R F Fixing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	E2 Fareham Heights
	Standard Way
	Fareham
	Hampshire
	PO16 8XT