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REGISTERED NUMBER: 07106648 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

FYLDE JOINERY & BUILDING SERVICES LTD

FYLDE JOINERY & BUILDING SERVICES LTD (REGISTERED NUMBER: 07106648)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FYLDE JOINERY & BUILDING SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: Mr S O'Toole
Mrs L O'Toole
Mr H Carter





SECRETARY: Mrs L O'Toole





REGISTERED OFFICE: 5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ





REGISTERED NUMBER: 07106648 (England and Wales)





ACCOUNTANTS: ma2 Limited
Chartered Accountants
5 Crescent East
Thornton Cleveleys
Lancashire
FY5 3LJ

FYLDE JOINERY & BUILDING SERVICES LTD (REGISTERED NUMBER: 07106648)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 7,332 8,990
7,332 8,990

CURRENT ASSETS
Inventories 5 51,000 83,878
Debtors 6 1,039,460 919,434
1,090,460 1,003,312
CREDITORS
Amounts falling due within one year 7 935,521 900,211
NET CURRENT ASSETS 154,939 103,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,271

112,091

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 162,270 112,090
SHAREHOLDERS' FUNDS 162,271 112,091

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 23 October 2023 and were signed on its behalf by:




Mr S O'Toole - Director


FYLDE JOINERY & BUILDING SERVICES LTD (REGISTERED NUMBER: 07106648)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

Fylde Joinery & Building Services 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 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.

Turnover
Turnover represents income received from the supply of building and joinery services.

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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

FYLDE JOINERY & BUILDING SERVICES LTD (REGISTERED NUMBER: 07106648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 9,981 1,515 38,150 8,638 58,284
Additions - - - 786 786
At 31 January 2023 9,981 1,515 38,150 9,424 59,070
DEPRECIATION
At 1 February 2022 8,068 1,515 32,662 7,049 49,294
Charge for year 478 - 1,372 594 2,444
At 31 January 2023 8,546 1,515 34,034 7,643 51,738
NET BOOK VALUE
At 31 January 2023 1,435 - 4,116 1,781 7,332
At 31 January 2022 1,913 - 5,488 1,589 8,990

5. INVENTORIES
2023 2022
£    £   
Stocks 51,000 83,878

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 519,203 471,106
Fylde Joinery Property loan 495,911 444,576
James Carter Homes loan 21,000 1,891
Prepayments 3,346 1,861
1,039,460 919,434

FYLDE JOINERY & BUILDING SERVICES LTD (REGISTERED NUMBER: 07106648)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 258,142 550,927
Trade creditors 264,572 242,995
James Carter Homes loan 338,170 -
Fylde Investment Properties lo 41,361 41,361
Tax 12,107 8,359
Social security and other taxes 11,731 11,683
VAT 6,982 8,829
Accrued expenses 2,456 36,057
935,521 900,211