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REGISTERED NUMBER: 09569589 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Facility Integrity Services Limited

Facility Integrity Services Limited (Registered number: 09569589)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Facility Integrity Services Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: I Smith
G D Morton





REGISTERED OFFICE: 32 Broom Lane
Whickham
Newcastle Upon Tyne
Tyne and Wear
NE16 4QZ





REGISTERED NUMBER: 09569589 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU

Facility Integrity Services Limited (Registered number: 09569589)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 99,162 96,005

CURRENT ASSETS
Stocks 40,000 -
Debtors 5 540,897 589,400
Cash at bank 135,566 114,275
716,463 703,675
CREDITORS
Amounts falling due within one year 6 262,364 234,472
NET CURRENT ASSETS 454,099 469,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,261

565,208

CREDITORS
Amounts falling due after more than one
year

7

(12,878

)

-

PROVISIONS FOR LIABILITIES (25,598 ) (18,240 )
NET ASSETS 514,785 546,968

Facility Integrity Services Limited (Registered number: 09569589)

Balance Sheet - continued
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,111 1,111
Retained earnings 513,674 545,857
SHAREHOLDERS' FUNDS 514,785 546,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2023 and were signed on its behalf by:





G D Morton - Director


Facility Integrity Services Limited (Registered number: 09569589)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Facility Integrity Services Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Facility Integrity Services Limited (Registered number: 09569589)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 181,061 7,232 188,293
Additions 34,649 847 35,496
Disposals (9,400 ) - (9,400 )
At 30 April 2023 206,310 8,079 214,389
DEPRECIATION
At 1 May 2022 89,087 3,201 92,288
Charge for year 27,840 1,268 29,108
Eliminated on disposal (6,169 ) - (6,169 )
At 30 April 2023 110,758 4,469 115,227
NET BOOK VALUE
At 30 April 2023 95,552 3,610 99,162
At 30 April 2022 91,974 4,031 96,005

Facility Integrity Services Limited (Registered number: 09569589)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 35,989
Transfer to ownership (34,649 )
At 30 April 2023 1,340
DEPRECIATION
At 1 May 2022 16,343
Charge for year 3,400
Transfer to ownership (19,743 )
At 30 April 2023 -
NET BOOK VALUE
At 30 April 2023 1,340
At 30 April 2022 19,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 440,979 395,099
Other debtors 99,918 194,301
540,897 589,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 5,158 -
Hire purchase contracts - 4,963
Trade creditors 52,800 32,693
Taxation and social security 33,397 30,430
Other creditors 171,009 166,386
262,364 234,472

Facility Integrity Services Limited (Registered number: 09569589)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 12,878 -

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Hire purchase contracts - 4,963

The Hire purchase liability is secured against the assets to which they relate.