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Company Registration No. 06039623 (England and Wales)
Fs247 Limited Unaudited accounts for the year ended 31 July 2023
Fs247 Limited Unaudited accounts Contents
Page
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Fs247 Limited Company Information for the year ended 31 July 2023
Directors
Begler Beslic Paul Spencer-Nixon
Company Number
06039623 (England and Wales)
Registered Office
Admirals Offices Main Gate Road The Historic Dockyard Chatham Kent ME4 4TZ England
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Fs247 Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
195,180 
226,499 
Investments
60,033 
15,008 
255,213 
241,507 
Current assets
Debtors
216,344 
165,556 
Cash at bank and in hand
34,002 
220,856 
250,346 
386,412 
Creditors: amounts falling due within one year
(134,102)
(166,228)
Net current assets
116,244 
220,184 
Total assets less current liabilities
371,457 
461,691 
Creditors: amounts falling due after more than one year
(234,288)
(251,628)
Net assets
137,169 
210,063 
Capital and reserves
Called up share capital
202 
202 
Profit and loss account
136,967 
209,861 
Shareholders' funds
137,169 
210,063 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2023 and were signed on its behalf by
Begler Beslic Director Company Registration No. 06039623
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Fs247 Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Fs247 Limited is a private company, limited by shares, registered in England and Wales, registration number 06039623. The registered office is Admirals Offices, Main Gate Road, The Historic Dockyard, Chatham, Kent, ME4 4TZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Motor vehicles
10% reduced balance
Fixtures & fittings
20% straight line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Fs247 Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
87,226 
236,079 
26,941 
350,246 
Additions
8,953 
- 
1,953 
10,906 
Disposals
- 
(5,955)
- 
(5,955)
At 31 July 2023
96,179 
230,124 
28,894 
355,197 
Depreciation
At 1 August 2022
72,416 
32,154 
19,177 
123,747 
Charge for the year
12,741 
19,798 
3,731 
36,270 
At 31 July 2023
85,157 
51,952 
22,908 
160,017 
Net book value
At 31 July 2023
11,022 
178,172 
5,986 
195,180 
At 31 July 2022
14,810 
203,925 
7,764 
226,499 
5
Investments
Other investments 
£ 
Valuation at 1 August 2022
15,008 
Additions
45,025 
Valuation at 31 July 2023
60,033 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
133,016 
87,728 
Other debtors
83,328 
77,828 
216,344 
165,556 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
18,035 
49,747 
Taxes and social security
130,822 
108,650 
Other creditors
15,245 
7,831 
Loans from directors
(30,000)
- 
134,102 
166,228 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
67,849 
80,134 
Obligations under finance leases and hire purchase contracts
166,439 
171,494 
234,288 
251,628 
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Fs247 Limited Notes to the Accounts for the year ended 31 July 2023
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Short term loan to director
- 
15,000 
- 
15,000 
Short term loan to director
- 
15,000 
- 
15,000 
- 
30,000 
- 
30,000 
In the year to 31st July 2023 the directors took loans of £15,000 each (£0.00 in the year to 31st July 2022) with these being repaid within 9 months of the end of the financial year.
10
Average number of employees
During the year the average number of employees was 13 (2022: 10).
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