FITCH & CO LIMITED


FITCH & CO LIMITED

Company Registration Number:
09414996 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2020

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

FITCH & CO LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2020

Balance sheet
Notes

FITCH & CO LIMITED

Balance sheet

As at 30 April 2020


Notes

2020

15 months to 30 April 2019


£

£
Fixed assets
Intangible assets: 3 92,000 110,400
Tangible assets: 4 269 517
Total fixed assets: 92,269 110,917
Current assets
Debtors:   9,716 28,480
Cash at bank and in hand: 11 1
Total current assets: 9,727 28,481
Creditors: amounts falling due within one year:   (14,630) (17,891)
Net current assets (liabilities): (4,903) 10,590
Total assets less current liabilities: 87,366 121,507
Provision for liabilities: (51) (98)
Total net assets (liabilities): 87,315 121,409
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 87,215 121,309
Shareholders funds: 87,315 121,409

The notes form part of these financial statements

FITCH & CO LIMITED

Balance sheet statements

For the year ending 30 April 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2021
and signed on behalf of the board by:

Name: Mr D Wise
Status: Director

The notes form part of these financial statements

FITCH & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write of the cost or valuation of assets less their residual values over their useful lives on the following bases:Fixtures, fittings & equipment 25% straight line

Other accounting policies

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 15 years.

FITCH & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

2. Employees

2020 15 months to 30 April 2019
Average number of employees during the period 1 1

FITCH & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

3. Intangible Assets

Total
Cost £
At 01 May 2019 138,000
At 30 April 2020 138,000
Amortisation
At 01 May 2019 27,600
Charge for year 18,400
At 30 April 2020 46,000
Net book value
At 30 April 2020 92,000
At 30 April 2019 110,400

FITCH & CO LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

4. Tangible Assets

Total
Cost £
At 01 May 2019 990
At 30 April 2020 990
Depreciation
At 01 May 2019 473
Charge for year 248
At 30 April 2020 721
Net book value
At 30 April 2020 269
At 30 April 2019 517