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REGISTERED NUMBER: 10523058 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

FGC (NORTHERN) LIMITED

FGC (NORTHERN) LIMITED (REGISTERED NUMBER: 10523058)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


FGC (NORTHERN) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: M Fitzgerald
R J Nolan





REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH





REGISTERED NUMBER: 10523058 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

FGC (NORTHERN) LIMITED (REGISTERED NUMBER: 10523058)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,133 19,653
Tangible assets 5 4,442 7,923
Investments 6 1,000 1,000
21,575 28,576

CURRENT ASSETS
Debtors 7 41,509 44,386
Cash at bank and in hand 1,025,924 950,288
1,067,433 994,674
CREDITORS
Amounts falling due within one year 8 119,248 161,556
NET CURRENT ASSETS 948,185 833,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

969,760

861,694

PROVISIONS FOR LIABILITIES 9 1,111 1,064
NET ASSETS 968,649 860,630

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Share premium 236,581 236,581
Retained earnings 730,068 622,049
SHAREHOLDERS' FUNDS 968,649 860,630

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

FGC (NORTHERN) LIMITED (REGISTERED NUMBER: 10523058)

BALANCE SHEET - continued
31ST MAY 2023


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 4th October 2023 and were signed on its behalf by:




M Fitzgerald - Director



R J Nolan - Director


FGC (NORTHERN) LIMITED (REGISTERED NUMBER: 10523058)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

FGC (Northern) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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

FGC (NORTHERN) LIMITED (REGISTERED NUMBER: 10523058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2022
and 31st May 2023 35,200
AMORTISATION
At 1st June 2022 15,547
Charge for year 3,520
At 31st May 2023 19,067
NET BOOK VALUE
At 31st May 2023 16,133
At 31st May 2022 19,653

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 35,998
Additions 1,025
At 31st May 2023 37,023
DEPRECIATION
At 1st June 2022 28,075
Charge for year 4,506
At 31st May 2023 32,581
NET BOOK VALUE
At 31st May 2023 4,442
At 31st May 2022 7,923

FGC (NORTHERN) LIMITED (REGISTERED NUMBER: 10523058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st June 2022
and 31st May 2023 1,000
NET BOOK VALUE
At 31st May 2023 1,000
At 31st May 2022 1,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,194 41,245
Other debtors 1,315 3,141
41,509 44,386

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,587 4,387
Taxation and social security 89,484 134,963
Other creditors 23,177 22,206
119,248 161,556

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,111 1,064

Deferred
tax
£   
Balance at 1st June 2022 1,064
Charge to Statement of Income and Retained Earnings during year 47
Balance at 31st May 2023 1,111

FGC (NORTHERN) LIMITED (REGISTERED NUMBER: 10523058)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary 1 1,000 1,000
1,000 Ordinary A 1 1,000 1,000
2,000 2,000