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REGISTERED NUMBER: 12855721 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

FOSTER & MCDONALD LTD

FOSTER & MCDONALD LTD (REGISTERED NUMBER: 12855721)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOSTER & MCDONALD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTORS: B J Foster
N R McDonald





REGISTERED OFFICE: Abbey Court Boarley Lane
Sandling
Maidstone
ME14 3DD





REGISTERED NUMBER: 12855721 (England and Wales)





ACCOUNTANTS: Greenaway Chartered Accountants
150 High Street
Sevenoaks
Kent
TN13 1XE

FOSTER & MCDONALD LTD (REGISTERED NUMBER: 12855721)

BALANCE SHEET
30 SEPTEMBER 2022

30/9/22 30/9/21
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 765,000 765,000

CURRENT ASSETS
Debtors 5 13,608 13,608
Cash at bank 28,661 13,217
42,269 26,825
CREDITORS
Amounts falling due within one year 6 4,791 3,600
NET CURRENT ASSETS 37,478 23,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

802,478

788,225

CREDITORS
Amounts falling due after more than one
year

7

515,050

515,050
NET ASSETS 287,428 273,175

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 282,350 282,350
Retained earnings 5,076 (9,177 )
287,428 273,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FOSTER & MCDONALD LTD (REGISTERED NUMBER: 12855721)

BALANCE SHEET - continued
30 SEPTEMBER 2022


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 Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





B J Foster - Director


FOSTER & MCDONALD LTD (REGISTERED NUMBER: 12855721)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Foster & Mcdonald 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£
COST
At 1 October 2021
and 30 September 2022 765,000
NET BOOK VALUE
At 30 September 2022 765,000
At 30 September 2021 765,000

FOSTER & MCDONALD LTD (REGISTERED NUMBER: 12855721)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£ £
Other debtors 13,608 13,608

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/22 30/9/21
£ £
Taxation and social security 1,191 -
Other creditors 3,600 3,600
4,791 3,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/22 30/9/21
£ £
Bank loans 515,050 515,050

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 515,050 515,050

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 September 2022 and the period ended 30 September 2021:

30/9/22 30/9/21
£ £
B J Foster
Balance outstanding at start of year (6,804 ) -
Amounts advanced - 2,500
Amounts repaid - (9,304 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,804 ) (6,804 )

N R McDonald
Balance outstanding at start of year (6,804 ) -
Amounts advanced - 2,500
Amounts repaid - (9,304 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,804 ) (6,804 )