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

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

FIMATIX UK LTD - Company Information

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REGISTERED NUMBER: 10860988 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

11TH JULY 2017 TO 31ST JULY 2018

FOR

FIMATIX UK LTD
FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11TH JULY 2017 TO 31ST JULY 2018










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


FIMATIX UK LTD

COMPANY INFORMATION
FOR THE PERIOD 11TH JULY 2017 TO 31ST JULY 2018







DIRECTORS: P J D M James
S P O'Sullivan





REGISTERED OFFICE: 3 More London Riverside
London
London
SE1 2RE





REGISTERED NUMBER: 10860988 (England and Wales)





ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FIMATIX UK LTD


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 period ended 31st July 2018 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.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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 in accordance with ICAEW Technical Release 07/16AAF. 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 loss of Fimatix UK Ltd. You consider that Fimatix UK Ltd is exempt from the statutory audit requirement for the period.

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.






Rothman Pantall LLP
Chartered Accountants
Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB


28th January 2019

This page does not form part of the statutory financial statements

Page 2
FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

BALANCE SHEET
31ST JULY 2018

Notes £    £   
FIXED ASSETS
Intangible assets 4 159,533

CURRENT ASSETS
Debtors 5 362,300
Cash at bank 35,382
397,682
CREDITORS
Amounts falling due within one year 6 561,793
NET CURRENT LIABILITIES (164,111 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(4,578
)

CAPITAL AND RESERVES
Called up share capital 160
Share premium 79,973
Retained earnings (84,711 )
(4,578 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 24th January 2019 and were signed on its behalf
by:





P J D M James - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11TH JULY 2017 TO 31ST JULY 2018


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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Taxation
Taxation for the period 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 period 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 period was 3 .

Page 4
FIMATIX UK LTD (REGISTERED NUMBER: 10860988)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11TH JULY 2017 TO 31ST JULY 2018


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 159,533
At 31st July 2018 159,533
NET BOOK VALUE
At 31st July 2018 159,533

Development costs are under construction therefore have not been amortised.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 274,157
Other debtors 88,143
362,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 280,402
Taxation and social security 26,829
Other creditors 254,562
561,793

7. OTHER FINANCIAL COMMITMENTS

Total amount of commitments, guarantees and contingencies is £40,208.

8. BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared on a going concern basis which assumes that the company will
continue in operational existence for the foreseeable future.

The validity of this assumption depends upon the financial support of the directors should the need arise. If the
company were unable to continue in operational existence for the foreseeable future, adjustments would have to
be made to reduce the balance sheet values of assets to their recoverable amounts and to provide for further
liabilities which might arise.

The directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

Page 5