FMCG Services Ltd 09946114 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is 71129 - Other engineering activities Digita Accounts Production Advanced 6.30.9574.0 true 09946114 2022-02-01 2023-01-31 09946114 2023-01-31 09946114 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-01-31 09946114 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-01-31 09946114 core:RetainedEarningsAccumulatedLosses 2023-01-31 09946114 core:ShareCapital 2023-01-31 09946114 core:CurrentFinancialInstruments 2023-01-31 09946114 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 09946114 core:Non-currentFinancialInstruments 2023-01-31 09946114 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 09946114 core:FurnitureFittingsToolsEquipment 2023-01-31 09946114 bus:SmallEntities 2022-02-01 2023-01-31 09946114 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 09946114 bus:FullAccounts 2022-02-01 2023-01-31 09946114 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 09946114 bus:RegisteredOffice 2022-02-01 2023-01-31 09946114 bus:Director1 2022-02-01 2023-01-31 09946114 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-02-01 2023-01-31 09946114 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2022-02-01 2023-01-31 09946114 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 09946114 core:ComputerEquipment 2022-02-01 2023-01-31 09946114 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 09946114 core:OtherRelatedParties 2022-02-01 2023-01-31 09946114 countries:England 2022-02-01 2023-01-31 09946114 2022-01-31 09946114 core:FurnitureFittingsToolsEquipment 2022-01-31 09946114 2021-02-01 2022-01-31 09946114 2022-01-31 09946114 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-01-31 09946114 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2022-01-31 09946114 core:RetainedEarningsAccumulatedLosses 2022-01-31 09946114 core:ShareCapital 2022-01-31 09946114 core:CurrentFinancialInstruments 2022-01-31 09946114 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 09946114 core:Non-currentFinancialInstruments 2022-01-31 09946114 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 09946114 core:FurnitureFittingsToolsEquipment 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09946114

FMCG Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

FMCG Services Ltd

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 9

 

FMCG Services Ltd

Company Information

Director

Mr C Laundon

Registered office

71-75 Shelton Street
London
Covent Garden
WC2H 9JQ

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

FMCG Services Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 January 2023

Note

2023
£

2022
£

Turnover

 

49,394

150,444

Cost of sales

 

(1,498)

(394)

Gross profit

 

47,896

150,050

Administrative expenses

 

(27,820)

(61,878)

Operating profit

 

20,076

88,172

Interest payable and similar charges

 

-

(79)

 

-

(79)

Profit before tax

20,076

88,093

Taxation

 

(3,936)

(17,036)

Profit for the financial year

 

16,140

71,057

Retained earnings brought forward

 

20,720

26,663

Dividends paid

 

(35,000)

(77,000)

Retained earnings carried forward

 

1,860

20,720

 

FMCG Services Ltd

(Registration number: 09946114)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

477

Current assets

 

Debtors

6,572

18,750

Cash at bank and in hand

 

6,957

45,456

 

13,529

64,206

Creditors: Amounts falling due within one year

330

(28,645)

Net current assets

 

13,859

35,561

Total assets less current liabilities

 

13,859

36,038

Creditors: Amounts falling due after more than one year

(11,997)

(15,316)

Net assets

 

1,862

20,722

Capital and reserves

 

Called up share capital

5

2

2

Retained earnings

1,860

20,720

Shareholders' funds

 

1,862

20,722

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 16 October 2023
 

.........................................

Mr C Laundon
Director

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

FMCG Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
71-75 Shelton Street
London
Covent Garden
WC2H 9JQ

These financial statements were authorised for issue by the director on 16 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

FMCG Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

FMCG Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

 

FMCG Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

4,708

4,708

At 31 January 2023

4,708

4,708

Depreciation

At 1 February 2022

4,231

4,231

Charge for the year

477

477

At 31 January 2023

4,708

4,708

Carrying amount

At 31 January 2023

-

-

At 31 January 2022

477

477

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

Ordinary A shares of at £1 of £1 each

1

1

1

1

 

2

2

2

2

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

11,997

15,316

2023
£

2022
£

Current loans and borrowings

Other borrowings

(330)

-

 

FMCG Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Related party transactions

 

FMCG Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Summary of transactions with other related parties

Included in debtors is a figure of £5068 relating to director loan account which was cleared in full on 30/09/2021.