Registered number
06094442
F & C (SOUTH MANCHESTER & EAST CHESHIRE) LIMITED
Filleted Accounts
31 May 2023
F & C (SOUTH MANCHESTER & EAST CHESHIRE) LIMITED
Registered number: 06094442
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 28,880
Current assets
Debtors 4 12,162 7,937
Cash at bank and in hand 8,932 26,353
21,094 34,290
Creditors: amounts falling due within one year 5 (134,585) (205,160)
Net current liabilities (113,491) (170,870)
Total assets less current liabilities (113,491) (141,990)
Creditors: amounts falling due after more than one year 6 - (23,400)
Net liabilities (113,491) (165,390)
Capital and reserves
Called up share capital 200 200
Profit and loss account (113,691) (165,590)
Shareholders' funds (113,491) (165,390)
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 J P McGing
Director
Approved by the board on 17 November 2023
F & C (SOUTH MANCHESTER & EAST CHESHIRE) LIMITED
Notes to the Accounts
for the period from 1 March 2022 to 31 May 2023
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 receivable. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract
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 over its expected useful life, as follows:
Fixtures, fittings and equipment 20% per annum reducing balance basis
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. 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 2023 2022
Number Number
Average number of persons employed by the company 5 7
3 Tangible fixed assets
Fixtures, fittings & equip.
£
Cost
At 1 March 2022 38,998
Additions 6,694
Disposals (45,692)
At 31 May 2023 -
Depreciation
At 1 March 2022 10,118
Charge for the period 9,961
On disposals (20,079)
At 31 May 2023 -
Net book value
At 31 May 2023 -
At 28 February 2022 28,880
4 Debtors 2023 2022
£ £
Trade debtors and prepayments 10,738 6,513
Other debtors 1,424 1,424
12,162 7,937
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 7,200
Trade creditors and accruals 4,009 17,594
Other taxes and social security costs 1,000 789
Other creditors - director's loan account 129,576 179,577
134,585 205,160
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 23,400
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the period end.
9 Controlling party
The company is controlled by it's director, Mr J P McGing, who is the major shareholder.
10 Other information
F & C (SOUTH MANCHESTER & EAST CHESHIRE) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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