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Company Registration No. 06724110 (England and Wales)
FAIRCLOUGH BUILDING LIMITED Unaudited accounts for the year ended 31 March 2023
FAIRCLOUGH BUILDING LIMITED Unaudited accounts Contents
Page
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FAIRCLOUGH BUILDING LIMITED Company Information for the year ended 31 March 2023
Directors
Darren Michael Bradley Dean Michael Bradley Michael Albert Bradley
Company Number
06724110 (England and Wales)
Registered Office
Jubilee House 3 The Drive, Great Warley Brentwood Essex CM13 3FR
Accountants
Fox Accountancy Limited 88 Corbets Tey Road Upminster Essex RM14 2BA
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FAIRCLOUGH BUILDING LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,760 
6,347 
Current assets
Debtors
132,223 
58,990 
Cash at bank and in hand
94,858 
552,323 
227,081 
611,313 
Creditors: amounts falling due within one year
(338,927)
(463,503)
Net current (liabilities)/assets
(111,846)
147,810 
Total assets less current liabilities
(107,086)
154,157 
Creditors: amounts falling due after more than one year
(134,915)
(193,611)
Net liabilities
(242,001)
(39,454)
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
(242,103)
(39,556)
Shareholders' funds
(242,001)
(39,454)
For the year ending 31 March 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 9 November 2023 and were signed on its behalf by
Dean Michael Bradley Director Company Registration No. 06724110
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FAIRCLOUGH BUILDING LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
FAIRCLOUGH BUILDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06724110. The registered office is Jubilee House, 3 The Drive, Great Warley, Brentwood, Essex, CM13 3FR.
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.
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:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
25,645 
At 31 March 2023
25,645 
Depreciation
At 1 April 2022
19,298 
Charge for the year
1,587 
At 31 March 2023
20,885 
Net book value
At 31 March 2023
4,760 
At 31 March 2022
6,347 
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FAIRCLOUGH BUILDING LIMITED Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,955 
4,955 
Trade debtors
42,831 
50,025 
Accrued income and prepayments
61,829 
4,010 
Other debtors
22,608 
- 
132,223 
58,990 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
56,982 
52,050 
VAT
23,725 
17,404 
Trade creditors
71,638 
275,409 
Taxes and social security
6,970 
38,583 
Other creditors
667 
2,760 
Loans from directors
2,285 
2,297 
Accruals
39,597 
- 
Deferred income
137,063 
75,000 
338,927 
463,503 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
134,915 
193,611 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Short Term interest free loan
- 
18,653 
- 
18,653 
- 
18,653 
- 
18,653 
The short term interest free loan was repaid in November 2023
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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