F M G B LIMITED

Company Registration Number:
SC274089 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

F M G B LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes

F M G B LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,162,681 2,201,837
Total fixed assets: 2,162,681 2,201,837
Current assets
Stocks: 4 145,593 107,647
Debtors: 5 136,373 115,988
Cash at bank and in hand: 204,519 329,571
Total current assets: 486,485 553,206
Creditors: amounts falling due within one year: 6 ( 97,000 ) ( 168,545 )
Net current assets (liabilities): 389,485 384,661
Total assets less current liabilities: 2,552,166 2,586,498
Creditors: amounts falling due after more than one year: 7 ( 1,739,608 ) ( 1,797,213 )
Provision for liabilities: ( 55,552 ) ( 46,308 )
Total net assets (liabilities): 757,006 742,977
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 756,906 742,877
Total Shareholders' funds: 757,006 742,977

The notes form part of these financial statements

F M G B LIMITED

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 9 November 2023
and signed on behalf of the board by:

Name: Mr G J Batchelor
Status: Director

The notes form part of these financial statements

F M G B LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

    Tangible fixed assets depreciation policy

    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:Plant and machinery - 15% reducing balance basis;Heritable property - no depreciation applied.

F M G B LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

F M G B LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 1,899,356 302,481 2,201,837
Additions 13,995 13,995
Disposals
Revaluations
Transfers
At 31 March 2023 1,899,356 316,476 2,215,832
Depreciation
At 1 April 2022 0 0 0
Charge for year 5,680 47,471 53,151
On disposals
Other adjustments
At 31 March 2023 5,680 47,471 53,151
Net book value
At 31 March 2023 1,893,676 269,005 2,162,681
At 31 March 2022 1,899,356 302,481 2,201,837

Included within the net book value of land and buildings above is £1,893,676 (2022 - £1,899,356) in respect of freehold land and buildings.

F M G B LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 145,593 107,647
Total 145,593 107,647

F M G B LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 62,329 42,395
Other debtors 74,044 73,593
Total 136,373 115,988

F M G B LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 55,358 53,377
Trade creditors 21,201 25,383
Taxation and social security 4,283
Accruals and deferred income 3,000 3,000
Other creditors 13,158 86,785
Total 97,000 168,545

F M G B LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 1,739,608 1,797,213
Total 1,739,608 1,797,213