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REGISTERED NUMBER: 04463668 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

FSEG Limited

FSEG Limited (Registered number: 04463668)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FSEG Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr M P Reid-Smith
Mrs S Reid-Smith





SECRETARY: Mr C J Reid- Smith





REGISTERED OFFICE: Lister House
49 Lister Road
Wellingborough
Northamptonshire
NN8 4EL





REGISTERED NUMBER: 04463668 (England and Wales)





ACCOUNTANTS: Clifford Roberts
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

FSEG Limited (Registered number: 04463668)

Balance Sheet
31 July 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,120 9,810
Investments 6 450 450
7,570 10,260

CURRENT ASSETS
Debtors 7 411,824 396,985
Cash at bank 220,717 171,247
632,541 568,232
CREDITORS
Amounts falling due within one year 8 136,604 132,828
NET CURRENT ASSETS 495,937 435,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,507

445,664

CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 225 225
Retained earnings 502,782 444,939
SHAREHOLDERS' FUNDS 503,507 445,664

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FSEG Limited (Registered number: 04463668)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:





Mr M P Reid-Smith - Director


FSEG Limited (Registered number: 04463668)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

FSEG 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of two years.

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.

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 etc - 33% on cost, 25% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

FSEG Limited (Registered number: 04463668)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 August 2022
and 31 July 2023 39,500
AMORTISATION
At 1 August 2022
and 31 July 2023 39,500
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 August 2022 28,102
Additions 398
Disposals (2,149 )
At 31 July 2023 26,351
DEPRECIATION
At 1 August 2022 18,292
Charge for year 3,088
Eliminated on disposal (2,149 )
At 31 July 2023 19,231
NET BOOK VALUE
At 31 July 2023 7,120
At 31 July 2022 9,810

FSEG Limited (Registered number: 04463668)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 August 2022
and 31 July 2023 450
NET BOOK VALUE
At 31 July 2023 450
At 31 July 2022 450

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 396,128 382,294
Amounts owed by associates 1,005 -
Other debtors 14,691 14,691
411,824 396,985

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 5,463 8,771
Amounts owed to associates 580 796
Taxation and social security 128,722 121,422
Other creditors 1,839 1,839
136,604 132,828

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
450 Ordinary A 1 450 450
50 Ordinary C 1 50 50
500 500