Fifosys Limited in London, NW6 2HL

Description

Data updated on: 01-11-2023

Fifosys came into being in 2001 as a company enlisted under no 04308503, located at NW6 2HL London at 6, Hampstead West. It has been in business for 23 years and its current status is active. The enterprise's declared SIC number is 62020 - Information technology consultancy activities. The most recent filed accounts documents cover the period up to 2023-03-31 and the most recent annual confirmation statement was released on 2023-01-12.

The trademark number of Fifosys is UK00003051807. It was submitted for registration in April, 2014 and it got published in the journal number 2014-022.

According to the official data, the company is controlled by a single director: Miteshkumar P., who was appointed in October 2001. For 2 years Parmeet S., had been functioning as a director for this company till the resignation in 2003. Additionally a different director, specifically Abinash B. gave up the position on 2006-02-01. Furthermore, the managing director's responsibilities are backed by a secretary - Nital P., who was chosen by this company in 2006.

Trade marks

Trademark UK00003051807

Trademark UK00003051807

Trademark image:
Status:	Application Published
Filing date:	2014-04-16
Owner name:	Fifosys Ltd
Owner address:	Fifosys Ltd, Unit 7, Hampstead West, 224 Iverson Road, LONDON, United Kingdom, NW6 2HL

Financial data based on annual reports

Profit & Loss
Date of Accounts	2012-03-31	2013-03-31	2014-03-31	2015-03-31	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP	GBP
Net Worth	336 274	306 346	641 594	564 901	431 396

Balance Sheet
Cash Bank In Hand	290	264	99	25 116	151 426
Cash Bank On Hand					151 426	377	301 798	294 443	34 540	211 002	180 302	439 623
Current Assets	710 235	941 231	1 337 038	1 069 685	871 002	1 110 013	1 531 876	1 053 042	649 632	1 283 329	986 406	1 267 305
Debtors	649 613	918 919	1 263 254	1 028 408	691 029	1 075 905	1 199 295	738 369	603 910	1 057 547	784 490	811 896
Intangible Fixed Assets	467 618	466 718	447 326	420 781	378 152
Net Assets Liabilities					431 396	482 399	778 956	837 406	935 552	794 794	819 776	1 038 749
Net Assets Liabilities Including Pension Asset Liability	336 274	306 346	641 594	564 901	431 396
Other Debtors					236 191	308 842	370 052	116 913	88 962	79 756	89 819	81 141
Property Plant Equipment					177 646	160 833	137 277	101 967	64 595	19 701	18 954	20 726
Stocks Inventory	60 332	22 048	73 685	16 161	28 547
Tangible Fixed Assets	253 819	218 773	258 471	215 459	177 646
Total Inventories					28 547	33 731	30 783	20 230	11 182	14 780	21 614	15 786

Capital & Reserves
Called Up Share Capital	100	100	100	100	100
Profit Loss Account Reserve	336 174	306 246	641 494	564 801	431 296
Shareholder Funds	336 274	306 346	641 594	564 901	431 396

Other Financial Data
Accounting Period Subsidiary	2 012	2 013	2 014	2 015	2 016
Accumulated Amortisation Impairment Intangible Assets					244 415	283 627	318 640	364 856	417 148	547 792	547 792
Accumulated Depreciation Impairment Property Plant Equipment					375 003	405 042	431 719	284 092	323 613	373 000	317 554	326 098
Adjustment For Prior Periods Leading To An Increase Decrease In Tax Charge			-771
Administrative Expenses		2 064 420	2 688 510		2 159 298	1 730 627	1 361 857
Amortisation Expense Intangible Assets					5 126	4 222	3 523
Amortisation Intangible Assets Expense		2 160	4 636
Average Number Employees During Period						30	21	24	18	18	28	33
Bank Borrowings		83 624	35 362
Bank Borrowings Overdrafts		142 599	98 329		83 219	283 751	52 027	192 147	160 150	230 841	139 660	51 298
Capital Allowances In Excess Depreciation Leading To Decrease Increase In Tax		151	14 005
Cost Sales		895 509	1 538 817		1 268 469	1 296 857	1 309 468
Creditors					435 103	277 954	227 950	192 147	160 150	230 841	139 660	51 298
Creditors Due After One Year	535 185	712 429	612 522	377 962	435 103
Creditors Due Within One Year	560 313	608 047	788 819	763 162	560 401
Debtors Due Within One Year		918 919	1 263 254
Depreciation Expense Property Plant Equipment					40 813	32 276	26 677
Depreciation Tangible Fixed Assets Expense		49 260	49 858
Disposals Decrease In Depreciation Impairment Property Plant Equipment						2 237		169 274		6 566	62 995
Disposals Property Plant Equipment						4 561		186 188		6 566	62 995
Expenses Not Deductible For Tax Purposes		2 125	3 252
Fixed Assets	721 537	685 591	705 897	636 340	555 898	499 873	442 303	360 777	809 303	468 691	963 676	817 918
Gross Profit Loss		2 158 399	3 141 320		2 103 855	1 792 499	1 767 262
Increase From Amortisation Charge For Year Intangible Assets						39 212	35 013	46 216	52 292	229 516
Increase From Depreciation Charge For Year Property Plant Equipment						32 276	26 677	21 647	39 521	55 953	7 549	8 544
Intangible Assets					378 152	338 940	304 926	258 710	562 456
Intangible Assets Gross Cost					622 567	622 567	623 566	623 566	623 566	547 792	547 792
Intangible Fixed Assets Additions		51 205	31 315	21 347	1 375
Intangible Fixed Assets Aggregate Amortisation Impairment	49 707	101 812	152 519	200 411	244 415
Intangible Fixed Assets Amortisation Charged In Period		52 105	50 707	47 892	44 004
Intangible Fixed Assets Cost Or Valuation	517 325	568 530	599 845	621 192	622 567
Interest Payable Similar Charges		28 908	28 353
Interest Payable Similar Charges Finance Costs					37 095	35 343	34 346
Investments Fixed Assets	100	100	100	100	100	100	100	100	182 252	448 990	944 722	797 192
Investments In Group Undertakings					100	100	100	100	515 192	448 990	944 722	797 192
Net Current Assets Liabilities	149 922	333 184	548 219	306 523	310 601	260 480	564 603	668 776	286 399	556 944	-4 240	272 129
Number Shares Allotted		100	100	100	100
Obligations Under Finance Lease Hire Purchase Contracts After One Year			34 190
Operating Profit Loss		93 979	452 810		-55 443	61 872	405 405
Other Creditors					435 103	277 954	227 950	86 543	42 107	147 874	323 973	272 309
Other Creditors After One Year		628 805	542 970
Other Creditors Due Within One Year		53 381	107 727
Other Interest Receivable Similar Income		1	24
Other Interest Receivable Similar Income Finance Income					5	13	5 243
Other Remaining Borrowings					127 942	77 938	27 934
Other Taxation Social Security Payable					87 301	142 704	227 831	121 081	115 268	201 971	254 177	346 526
Par Value Share		1	1	1	1
Pension Costs		26 462	31 491
Prepayments					125 672	124 267	68 834	124 071	75 824	546 153	97 008	153 075
Prepayments Accrued Income					3 000	5 644	1 015	4 800	35 649	25 167		9 933
Profit Loss					-25 505	67 003	311 557
Profit Loss For Period		65 072	425 248
Profit Loss On Ordinary Activities Before Tax		65 072	424 481		-92 533	26 542	376 302
Property Plant Equipment Gross Cost					552 649	565 875	568 996	386 059	388 208	392 701	336 508	346 824
Share Capital Allotted Called Up Paid	100	100	100	100	100
Standard Nominal Tax Rate		20	20
Tangible Fixed Assets Additions		14 214	89 556	8 437	3 000
Tangible Fixed Assets Cost Or Valuation	437 442	451 656	541 212	549 649	552 649
Tangible Fixed Assets Depreciation	183 623	232 883	282 741	334 190	375 003
Tangible Fixed Assets Depreciation Charged In Period		49 260	49 858	51 449	40 813
Taxation Social Security Due Within One Year		251 605	237 212
Tax On Group Profit On Ordinary Activities Standard U K Tax Rate		13 014	84 896
Tax On Profit Or Loss On Ordinary Activities			-767
Tax Tax Credit On Profit Or Loss On Ordinary Activities					-67 028	-40 461	64 745
Total Additions Including From Business Combinations Intangible Assets							999		356 038
Total Additions Including From Business Combinations Property Plant Equipment						17 787	3 121	3 250	2 149	11 059	6 802	10 316
Total Assets Less Current Liabilities	871 459	1 018 775	1 254 116	942 863	866 499	760 353	1 006 906	1 029 553	1 095 702	1 025 635	959 436	1 090 047
Total Dividend Payment			90 000
Total U K Foreign Current Tax After Adjustments Relief			-767
Trade Creditors Trade Payables					185 998	245 321	116 819	126 642	149 408	145 135	149 019	225 374
Trade Creditors Within One Year		160 462	345 551
Trade Debtors Trade Receivables					326 166	485 287	491 926	278 365	163 599	182 461	249 781	320 852
Turnover Gross Operating Revenue		3 053 908	4 680 137
Turnover Revenue					3 372 324	3 089 356	3 076 730
U K Current Corporation Tax			-767
Utilisation Tax Losses			20 118
Amounts Owed By Group Undertakings								88 794	60 901	21 001	126 307	28 048
Amounts Owed To Group Undertakings									6 450	154 958	139 980	62 605
Director Remuneration Benefits Excluding Payments To Third Parties		12 000	12 000
Disposals Decrease In Amortisation Impairment Intangible Assets										75 774		547 792
Disposals Intangible Assets										75 774		547 792
Finance Lease Liabilities Present Value Total											32 317

Company staff

Nital P.

Role: Secretary

Appointed: 18 February 2006

Latest update: 21 March 2024

Miteshkumar P.

Role: Director

Appointed: 22 October 2001

Latest update: 21 March 2024

Miteshkumar P.

Role: Secretary

Appointed: 20 October 2002

Resigned: 18 February 2006

Latest update: 21 March 2024

Parmeet S.

Role: Director

Appointed: 22 October 2001

Resigned: 01 January 2003

Latest update: 21 March 2024

Incorporate Secretariat Limited

Role: Corporate Nominee Secretary

Appointed: 22 October 2001

Resigned: 22 October 2001

Address: 26a Albemarle Street, London, W1S 4HY

Latest update: 21 March 2024

Abinash B.

Role: Director

Appointed: 22 October 2001

Resigned: 01 February 2006

Latest update: 21 March 2024

Incorporate Directors Limited

Role: Corporate Nominee Director

Appointed: 22 October 2001

Resigned: 22 October 2001

Address: 26a Albemarle Street, London, W1S 4HY

Latest update: 21 March 2024

Parmeet S.

Role: Secretary

Appointed: 22 October 2001

Resigned: 20 October 2002

Latest update: 21 March 2024

People with significant control

Executives who control the firm include: Miteshkumar P. owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights. Nital P. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Miteshkumar P.

Notified on 17 November 2016

Nature of control:

over 1/2 to 3/4 of shares

over 1/2 to 3/4 of voting rights

right to manage directors

Nital P.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	31 December 2024
Account last made up date	31 March 2023
Confirmation statement next due date	26 January 2024
Confirmation statement last made up date	12 January 2023

Annual Accounts 17 July 2014
Start Date For Period Covered By Report	01 April 2013
End Date For Period Covered By Report	31 March 2014
Date Approval Accounts	17 July 2014
Annual Accounts 29 December 2015
Start Date For Period Covered By Report	01 April 2014
End Date For Period Covered By Report	31 March 2015
Date Approval Accounts	29 December 2015
Annual Accounts 14 December 2016
Start Date For Period Covered By Report	01 April 2015
End Date For Period Covered By Report	31 March 2016
Date Approval Accounts	14 December 2016
Annual Accounts
Start Date For Period Covered By Report	01 April 2016
End Date For Period Covered By Report	31 March 2017
Annual Accounts
Start Date For Period Covered By Report	01 April 2017
End Date For Period Covered By Report	31 March 2018
Annual Accounts
Start Date For Period Covered By Report	01 April 2018
End Date For Period Covered By Report	31 March 2019
Annual Accounts
Start Date For Period Covered By Report	01 April 2019
End Date For Period Covered By Report	31 March 2020
Annual Accounts
Start Date For Period Covered By Report	01 April 2020
End Date For Period Covered By Report	31 March 2021
Annual Accounts
Start Date For Period Covered By Report	01 April 2021
End Date For Period Covered By Report	31 March 2022
Annual Accounts
Start Date For Period Covered By Report	01 April 2022
End Date For Period Covered By Report	31 March 2023
Annual Accounts 11 November 2013
End Date For Period Covered By Report	31 March 2013
Date Approval Accounts	11 November 2013

Fifosys Limited

General information

Name:

Office Address:

Description

Trade marks

Trademark UK00003051807

Financial data based on annual reports

Company staff

Nital P.

Miteshkumar P.

Miteshkumar P.

Parmeet S.

Incorporate Secretariat Limited

Abinash B.

Incorporate Directors Limited

Parmeet S.

People with significant control

Miteshkumar P.

Nital P.

Accounts Documents

Company filings

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