Fatigue Management International Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 06431894 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Fatigue Management International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Humphries

I C Thomas

Y Zhu

SECRETARY:

I C Thomas

REGISTERED OFFICE:

9 The Woodlands

Upton

Wirral

CH49 6NQ

REGISTERED NUMBER:

06431894 (England and Wales)

ACCOUNTANTS:

Charles Stewart & Co Limited

Chartered Accountants

3 Park Square

Leeds

LS1 2NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

916

1,221

916

1,221

CURRENT ASSETS

Stocks

8,595

10,196

Debtors

6

3,000

14,425

Cash at bank

9,812

24,064

21,407

48,685

CREDITORS

Amounts falling due within one year

7

10,547

14,226

NET CURRENT ASSETS

10,860

34,459

TOTAL ASSETS LESS CURRENT LIABILITIES

11,776

35,680

CREDITORS

Amounts falling due after more than one year

8

80,402

73,667

NET LIABILITIES

(68,626

)

(37,987

)

CAPITAL AND RESERVES

Called up share capital

9

200

200

Share premium

10

199,990

199,990

Retained earnings

10

(268,816

)

(238,177

)

SHAREHOLDERS' FUNDS

(68,626

)

(37,987

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 and authorised for issue on 22 June 2023 and were signed on its behalf by:

I C Thomas - Director

1.	STATUTORY INFORMATION

Fatigue Management International 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on the basis that the company is a going concern. Subsequent to the end of the financial year, further investment was contributed by the directors so that the company can meet its obligations on an ongoing basis for the foreseeable future.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 1 (2022 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2022

and 31 March 2023

9,303

AMORTISATION

At 1 April 2022

and 31 March 2023

9,303

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2022

and 31 March 2023

7,933

DEPRECIATION

At 1 April 2022

6,712

Charge for year

305

At 31 March 2023

7,017

NET BOOK VALUE

At 31 March 2023

916

At 31 March 2022

1,221

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Tax recoverable

-

14,425

VAT

3,000

-

3,000

14,425

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

5,912

8,497

Social security and other taxes

-

1,094

Accruals and deferred income

4,635

4,635

10,547

14,226

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Directors' loan account

80,402

73,667

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

200

Ordinary

£1

200

200

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2022

(238,177

)

199,990

(38,187

)

Deficit for the year

(30,639

)

(30,639

)

At 31 March 2023

(268,816

)

199,990

(68,826

)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I C Thomas.