Fanfix Limited - Accounts to registrar (filleted) - small 23.2.5

Fanfix Limited - Accounts to registrar (filleted) - small 23.2.5


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REGISTERED NUMBER: 06423863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

FANFIX LIMITED

FANFIX LIMITED (REGISTERED NUMBER: 06423863)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


FANFIX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







Director: A S Harvey





Secretary: Athos Business Solutions Limited





Registered office: 1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF





Registered number: 06423863 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

FANFIX LIMITED (REGISTERED NUMBER: 06423863)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,335 32,030

CURRENT ASSETS
Debtors 5 577,366 348,853
Cash at bank 45,947 119
623,313 348,972
CREDITORS
Amounts falling due within one year 6 493,712 279,989
NET CURRENT ASSETS 129,601 68,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,936

101,013

CREDITORS
Amounts falling due after more than one year 7 (19,167 ) (29,167 )

PROVISIONS FOR LIABILITIES (6,003 ) (5,683 )
NET ASSETS 137,766 66,163

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 137,666 66,063
137,766 66,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FANFIX LIMITED (REGISTERED NUMBER: 06423863)

BALANCE SHEET - continued
30 JUNE 2023


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 director and authorised for issue on 1 November 2023 and were signed by:





A S Harvey - Director


FANFIX LIMITED (REGISTERED NUMBER: 06423863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Fanfix Limited 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.

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 - 20% on reducing balance
Fixtures & Fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

FANFIX LIMITED (REGISTERED NUMBER: 06423863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and Fixtures Motor Computer
machinery & Fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 July 2022 71,187 2,369 38,055 8,775 120,386
Additions 3,677 4,010 - 2,169 9,856
At 30 June 2023 74,864 6,379 38,055 10,944 130,242
Depreciation
At 1 July 2022 51,622 1,466 29,024 6,244 88,356
Charge for year 4,232 848 2,258 1,213 8,551
At 30 June 2023 55,854 2,314 31,282 7,457 96,907
Net book value
At 30 June 2023 19,010 4,065 6,773 3,487 33,335
At 30 June 2022 19,565 903 9,031 2,531 32,030

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 565,592 331,539
Other debtors 11,774 17,314
577,366 348,853

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 23,829
Trade creditors 404,257 220,065
Taxation and social security 65,265 22,002
Other creditors 14,190 14,093
493,712 279,989

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,167 29,167