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REGISTERED NUMBER: 10473344 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

FIELD SERVICE SOLUTIONS LTD

FIELD SERVICE SOLUTIONS LTD (REGISTERED NUMBER: 10473344)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FIELD SERVICE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr K J Gibson





REGISTERED OFFICE: A3, Waterfold Park
Bury
Lancashire
BL9 7BR





REGISTERED NUMBER: 10473344 (England and Wales)





ACCOUNTANTS: Horsham Accountancy Services Ltd
Littlehaven House
24-26 Littlehaven Lane
Horsham
West Sussex
RH12 4HT

FIELD SERVICE SOLUTIONS LTD (REGISTERED NUMBER: 10473344)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,172 21,665

CURRENT ASSETS
Stocks 212,006 130,613
Debtors 5 686,468 645,030
Cash at bank 63,598 30,410
962,072 806,053
CREDITORS
Amounts falling due within one year 6 1,518,864 672,703
NET CURRENT (LIABILITIES)/ASSETS (556,792 ) 133,350
TOTAL ASSETS LESS CURRENT LIABILITIES (481,620 ) 155,015

CREDITORS
Amounts falling due after more than one year 7 107,736 151,278
NET (LIABILITIES)/ASSETS (589,356 ) 3,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (589,456 ) 3,637
(589,356 ) 3,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 12 September 2023 and were signed by:





Mr K J Gibson - Director


FIELD SERVICE SOLUTIONS LTD (REGISTERED NUMBER: 10473344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Field Service Solutions 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 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.
Improvements to property - 25% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 89 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 29,304
Additions 66,672
At 31 March 2023 95,976
DEPRECIATION
At 1 April 2022 7,639
Charge for year 13,165
At 31 March 2023 20,804
NET BOOK VALUE
At 31 March 2023 75,172
At 31 March 2022 21,665

FIELD SERVICE SOLUTIONS LTD (REGISTERED NUMBER: 10473344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 604,750 511,357
Other debtors 81,718 133,673
686,468 645,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 43,542 43,542
Trade creditors 409,097 322,387
Taxation and social security 288,056 209,505
Other creditors 778,169 97,269
1,518,864 672,703

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 107,736 151,278

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K J Gibson.