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REGISTERED NUMBER: SC609117 (Scotland)










Financial Statements

For The Year Ended 30 September 2022

for

On Facilities Management Ltd

On Facilities Management Ltd (Registered number: SC609117)






Contents of the Financial Statements
For The Year Ended 30 September 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


On Facilities Management Ltd

Company Information
For The Year Ended 30 September 2022







DIRECTOR: K Nahar





REGISTERED OFFICE: 91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD





REGISTERED NUMBER: SC609117 (Scotland)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

On Facilities Management Ltd (Registered number: SC609117)

Balance Sheet
30 September 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,827 -

CURRENT ASSETS
Debtors 5 14,282 16,577
Cash at bank 2,206 359
16,488 16,936
CREDITORS
Amounts falling due within one year 6 38,329 16,476
NET CURRENT (LIABILITIES)/ASSETS (21,841 ) 460
TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,014

)

460

CREDITORS
Amounts falling due after more than one
year

7

2,917

3,750
NET LIABILITIES (21,931 ) (3,290 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (22,131 ) (3,490 )
(21,931 ) (3,290 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

On Facilities Management Ltd (Registered number: SC609117)

Balance Sheet - continued
30 September 2022


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 director and authorised for issue on 3 November 2023 and were signed by:





K Nahar - Director


On Facilities Management Ltd (Registered number: SC609117)

Notes to the Financial Statements
For The Year Ended 30 September 2022

1. STATUTORY INFORMATION

On Facilities Management Ltd is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

On Facilities Management Ltd (Registered number: SC609117)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,950
At 30 September 2022 2,950
DEPRECIATION
Charge for year 123
At 30 September 2022 123
NET BOOK VALUE
At 30 September 2022 2,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 14,282 16,577

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 8) 1,000 1,000
Trade creditors 24,698 11,416
Taxation and social security 11,584 3,560
Other creditors 1,047 500
38,329 16,476

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans (see note 8) 2,917 3,750

8. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,000 1,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,000 1,000

On Facilities Management Ltd (Registered number: SC609117)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2022

8. LOANS - continued
2022 2021
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,917 2,750

9. SECURED DEBTS

The BBL loan is supported by a 100% guarantee from the UK Government.