Registered number
08364352
Fellbridge Building Services Limited
Filleted Accounts
31 December 2022
Fellbridge Building Services Limited
Registered number: 08364352
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Intangible assets 3 - 1,950
Tangible assets 4 92,007 38,557
92,007 40,507
Current assets
Debtors 5 131,191 107,089
Cash at bank and in hand 79,961 133,690
211,152 240,779
Creditors: amounts falling due within one year 6 (173,477) (149,382)
Net current assets 37,675 91,397
Total assets less current liabilities 129,682 131,904
Creditors: amounts falling due after more than one year 7 (24,167) (34,167)
Provisions for liabilities (5,148) (7,326)
Net assets 100,367 90,411
Capital and reserves
Called up share capital 400 400
Profit and loss account 99,967 90,011
Shareholders' funds 100,367 90,411
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Bridger
Director
Approved by the board on 31 October 2023
Fellbridge Building Services Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2022 19,500
At 31 December 2022 19,500
Amortisation
At 1 January 2022 17,550
Provided during the year 1,950
At 31 December 2022 19,500
Net book value
At 31 December 2022 -
At 31 December 2021 1,950
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 80,586
Additions 93,583
At 31 December 2022 174,169
Depreciation
At 1 January 2022 42,029
Charge for the year 40,133
At 31 December 2022 82,162
Net book value
At 31 December 2022 92,007
At 31 December 2021 38,557
5 Debtors 2022 2021
£ £
Trade debtors 5,857 13,505
Amounts owed by group undertakings and undertakings in which the company has a participating interest 125,094 -
Other debtors 240 93,584
131,191 107,089
6 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 27,863 12,826
Taxation and social security costs 131,119 122,269
Directors' loan account 40 142
Other creditors 4,455 4,145
173,477 149,382
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 24,167 34,167
8 Related party transactions
The company qualifies for the exemption under FRS 102 to not disclose transactions between wholly owned group members.
9 Controlling party
In the opinion of the directors the company's controlling party is Fellbridge Property Limited by virtue of that company's shareholding in the company.
10 Other information
Fellbridge Building Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bury Lodge
Bury Road
Stowmarket
Suffolk
IP14 1JA
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