REGISTERED NUMBER: 14317045 (England and Wales)

Financial Statements

for the Year Ended 31 August 2024

for

FITZROVIA FOOTWEAR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Z Mehmed

Mr A Mehmed

REGISTERED OFFICE:

C/o Jeff Lermer & Associates, 42 Lytton

New Barnet

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

14317045 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

CURRENT ASSETS

Stocks

1,455

1,455

Debtors

4

15,361

200

Cash at bank

99

3,839

16,915

5,494

CREDITORS

Amounts falling due within one year

5

25,458

12,785

NET CURRENT LIABILITIES

(8,543

)

(7,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,543

)

(7,291

)

CAPITAL AND RESERVES

Called up share capital

6

200

200

Retained earnings

7

(8,743

)

(7,491

)

SHAREHOLDERS' FUNDS

(8,543

)

(7,291

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 14 January 2026 and were signed on its behalf by:

Mr Z Mehmed - Director

1.	STATUTORY INFORMATION

Fitzrovia Footwear 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.

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.

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.

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.

Going concern

The director have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Other debtors

200

200

Directors' current accounts

15,161

-

15,361

200

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.24

31.8.23

£

£

Social security and other taxes

6,829

2,960

VAT

3,407

2,726

Other creditors

10,313

-

Directors' current accounts

-

4,099

Accruals and deferred income

4,909

3,000

25,458

12,785

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.24

31.8.23

value:

£

£

99

Ordinary B

£1

99

99

99

Ordinary A

£1

99

99

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

200

200

7.

RESERVES

Retained

earnings

£

At 1 September 2023

(7,491

)

Deficit for the year

(1,252

)

At 31 August 2024

(8,743

)

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2024 and the period ended 31 August 2023:

31.8.24

31.8.23

£

£

Mr Z Mehmed

Balance outstanding at start of year

-

-

Amounts advanced

5,232

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,232

-

Mr A Mehmed

Balance outstanding at start of year

-

-

Amounts advanced

9,929

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,929

-

As on balance sheet date included in debtors due within one year is £15,161 (2023 due to: £4,099) due from the directors.Interest was charged at 2.25% totalling £130 for the period. The directors loan accounts were repaid within 9 months of the balance sheet date.