Company registration number 08251644 (England and Wales)
FBX SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
FBX SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FBX SOLUTIONS LIMITED
BALANCE SHEET
AS AT
26 MARCH 2023
26 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
513
646
Current assets
Debtors
4
89,090
87,946
Cash at bank and in hand
4,603
11,200
93,693
99,146
Creditors: amounts falling due within one year
5
(68,036)
(67,430)
Net current assets
25,657
31,716
Total assets less current liabilities
26,170
32,362
Creditors: amounts falling due after more than one year
6
(15,166)
(21,698)
Net assets
11,004
10,664
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
10,904
10,564
Total equity
11,004
10,664

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 26 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 10 November 2023 and are signed on its behalf by:
F J Blahuta
Director
Company registration number 08251644 (England and Wales)
FBX SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 MARCH 2023
- 2 -
1
Accounting policies
Company information

FBX Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. On this basis, the directors have continued to adopt a going concern basis in preparing the financial statements. true

1.3
Turnover

Turnover represents amounts receivable for services net of VAT.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance
Computer equipment
25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FBX SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 27 March 2022 and 26 March 2023
20,852
Depreciation and impairment
At 27 March 2022
20,206
Depreciation charged in the year
133
At 26 March 2023
20,339
Carrying amount
At 26 March 2023
513
At 26 March 2022
646
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
26,597
29,400
Amounts owed by group undertakings
21
-
0
Other debtors
62,472
58,546
89,090
87,946

Other debtors includes amounts due of £62,472 (2022: £58,546) from the company’s directors.

FBX SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 26 MARCH 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
6,500
6,469
Trade creditors
5,850
2,025
Amounts owed to group undertakings
-
0
712
Corporation tax
32,028
37,796
Other taxation and social security
20,188
16,778
Other creditors
3,470
3,650
68,036
67,430

The company’s Bank loan is secured by the Bounce Back Loan Scheme managed by the British Business Bank.

6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
15,166
21,698
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
90
90
90
90
Ordinary 'A' shares of £1 each
10
10
10
10
100
100
100
100
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