Fitters Rates Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07711326

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		75,080		33,775

			75,080		33,775
CURRENT ASSETS
Debtors	5	46,323		42,144
Cash at bank and in hand		69,689		53,521

		116,012		95,665
Creditors: Amounts Falling Due Within One Year	6	(144,464 )		(110,321 )

NET CURRENT ASSETS (LIABILITIES)			(28,452 )		(14,656 )

TOTAL ASSETS LESS CURRENT LIABILITIES			46,628		19,119

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,156 )		(8,156 )

NET ASSETS			38,472		10,963

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			38,470		10,961

SHAREHOLDERS' FUNDS			38,472		10,963

Page 1

Page 2

Fitters Rates Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D A Roberts

Director

13/01/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Fitters Rates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07711326 . The registered office is Unit 1, Martin Road, Tremorfa Industial Estate, Tremorfa, Cardiff, CF24 5SD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 November 2024	5,829	56,035	61,864
Additions	-	50,950	50,950
Disposals	-	(6,439 )	(6,439 )

As at 31 October 2025	5,829	100,546	106,375

Depreciation
As at 1 November 2024	2,562	25,527	28,089
Provided during the period	490	7,457	7,947
Disposals	-	(4,741 )	(4,741 )

As at 31 October 2025	3,052	28,243	31,295

Net Book Value
As at 31 October 2025	2,777	72,303	75,080

As at 1 November 2024	3,267	30,508	33,775

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	45,244	42,144
Other taxes and social security	1,079	-

	46,323	42,144

Page 3

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Fitters Rates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,582	3,741
Other taxes and social security	-	4,002
Net wages	1,033	209
Other creditors	140,849	102,369

	144,464	110,321

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1 each	2	2

8. Dividends