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
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
FAIRCLOUGH BUILDING LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
4,760
6,347
Cash at bank and in hand
94,858
552,323
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)
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
FAIRCLOUGH BUILDING LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
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
FAIRCLOUGH BUILDING LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
42,831
50,025
Accrued income and prepayments
61,829
4,010
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
56,982
52,050
Trade creditors
71,638
275,409
Taxes and social security
6,970
38,583
Loans from directors
2,285
2,297
Deferred income
137,063
75,000
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
134,915
193,611
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Short Term interest free loan
-
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).