Fimatix UK Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10860988 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2019

FOR

FIMATIX UK LTD

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

P J D M James

S P O'Sullivan

M D Hipperson

REGISTERED OFFICE:

3 More London Riverside

London

SE1 2RE

REGISTERED NUMBER:

10860988 (England and Wales)

ACCOUNTANTS:

Wilkins Kennedy

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Directors 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, we have prepared for your approval the

financial statements of Fimatix UK Ltd for the year ended 31st July 2019 which comprise the Income Statement,

Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from

information and explanations you have given us.

This report is made solely to the Board of Directors of Fimatix UK Ltd, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fimatix UK

Ltd and state those matters that we have agreed to state to the Board of Directors of Fimatix UK Ltd, as a body, in this

report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fimatix UK

Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fimatix UK Ltd 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 Fimatix UK Ltd. You

consider that Fimatix UK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fimatix UK Ltd. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wilkins Kennedy

Fareham House

69 High Street

Fareham

Hampshire

PO16 7BB

17th December 2019

FIXED ASSETS

Intangible assets

4

127,626

159,533

Tangible assets

5

2,227

-

Investments

6

-

-

129,853

159,533

CURRENT ASSETS

Debtors

7

1,064,231

362,300

Cash at bank

53,421

35,382

1,117,652

397,682

CREDITORS

Amounts falling due within one year

8

1,153,464

561,793

NET CURRENT LIABILITIES

(35,812

)

(164,111

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94,041

(4,578

)

CAPITAL AND RESERVES

Called up share capital

160

160

Share premium

79,973

79,973

Retained earnings

13,908

(84,711

)

94,041

(4,578

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2019 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 on 17th December 2019 and were signed on its behalf by:

P J D M James - Director

1.	STATUTORY INFORMATION

Fimatix UK 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.

Development costs are being amortised evenly over their estimated useful life.

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

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 6 (2018 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st August 2018

and 31st July 2019

159,533

AMORTISATION

Charge for year

31,907

At 31st July 2019

31,907

NET BOOK VALUE

At 31st July 2019

127,626

At 31st July 2018

159,533

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

2,822

At 31st July 2019

2,822

DEPRECIATION

Charge for year

595

At 31st July 2019

595

NET BOOK VALUE

At 31st July 2019

2,227

6.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

Additions

2,010

400

2,410

Disposals

(2,010

)

(400

)

(2,410

)

At 31st July 2019

-

-

-

NET BOOK VALUE

At 31st July 2019

-

-

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

614,867

274,157

Other debtors

449,364

88,143

1,064,231

362,300

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

579,285

280,402

Taxation and social security

63,813

26,829

Other creditors

510,366

254,562

1,153,464

561,793

9.	OTHER FINANCIAL COMMITMENTS

Total amount of commitments, guarantees and contingencies is £45,933 (2018: £40,208).