Company Registration No. 06039623 (England and Wales)
Fs247 Limited
Unaudited accounts
for the year ended 31 July 2023
Fs247 Limited
Unaudited accounts
Contents
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
Fs247 Limited
Statement of financial position
as at 31 July 2023
Tangible assets
195,180
226,499
Cash at bank and in hand
34,002
220,856
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
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
Fs247 Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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
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
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
Valuation at 31 July 2023
60,033
Amounts falling due within one year
Trade debtors
133,016
87,728
Other debtors
83,328
77,828
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)
-
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
166,439
171,494
Fs247 Limited
Notes to the Accounts
for the year ended 31 July 2023
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
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).