Company Registration No. 12110801 (England and Wales)
Fitzarthur Automotive Ltd
Unaudited accounts
for the year ended 31 July 2020
Fitzarthur Automotive Ltd
Unaudited accounts
Contents
Fitzarthur Automotive Ltd
Company Information
for the year ended 31 July 2020
Company Number
12110801 (England and Wales)
Registered Office
CB Motors
9 Hoop Lane
Golders Green
London
NW11 8JR
ENGLAND
Accountants
AKKS
ZLR Studios, 174 Mill Lane
West Hampstead
London
NW6 1TB
Fitzarthur Automotive Ltd
Statement of financial position
as at
31 July 2020
Intangible assets
168,098
Cash at bank and in hand
143,085
Creditors: amounts falling due within one year
(332,994)
Net current liabilities
(128,878)
Total assets less current liabilities
50,990
Creditors: amounts falling due after more than one year
(50,000)
Called up share capital
1
Capital contribution reserve
1,528
Profit and loss account
(539)
For the year ending 31 July 2020 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 March 2021 and were signed on its behalf by
Mark DRESSEKIE
Director
Company Registration No. 12110801
Fitzarthur Automotive Ltd
Notes to the Accounts
for the year ended 31 July 2020
Fitzarthur Automotive Ltd is a private company, limited by shares, registered in England and Wales, registration number 12110801. The registered office is CB Motors, 9 Hoop Lane, Golders Green, London, NW11 8JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates:
Plant & machinery
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
14,900
Fitzarthur Automotive Ltd
Notes to the Accounts
for the year ended 31 July 2020
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
4,600
7,000
1,165
12,765
At 31 July 2020
4,600
7,000
1,165
12,765
Charge for the year
363
583
49
995
At 31 July 2020
363
583
49
995
At 31 July 2020
4,237
6,417
1,116
11,770
Accrued income and prepayments
7,211
Total debtors less than one year
18,031
Accrued income and prepayments
43,000
Total debtors greater than one year
43,000
7
Creditors: amounts falling due within one year
2020
Taxes and social security
2,560
Loans from directors
115,590
8
Creditors: amounts falling due after more than one year
2020
9
Average number of employees
During the year the average number of employees was 3.