Company Registration No. 06436510 (England and Wales)
FIBRE OPTIC TERMINATION SERVICES LIMITED
Unaudited accounts
for the year ended 30 November 2023
FIBRE OPTIC TERMINATION SERVICES LIMITED
Unaudited accounts
Contents
FIBRE OPTIC TERMINATION SERVICES LIMITED
Company Information
for the year ended 30 November 2023
Company Number
06436510 (England and Wales)
Registered Office
32 BARTLEMY ROAD
NEWBURY
BERKS
RG14 6LA
Accountants
ASPIRE ACCOUNTANTS AND ADVISORS LIMITED
62 BARTHOLOMEW STREET
NEWBURY
NEWBURY
BERKSHIRE
RG14 7BE
FIBRE OPTIC TERMINATION SERVICES LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
4,448
9,073
Cash at bank and in hand
88,307
46,275
Creditors: amounts falling due within one year
(65,530)
(31,094)
Net current assets
49,222
67,933
Called up share capital
100
100
Profit and loss account
53,570
76,906
Shareholders' funds
53,670
77,006
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 17 April 2024 and were signed on its behalf by
IAN BURROWS
Director
Company Registration No. 06436510
FIBRE OPTIC TERMINATION SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
FIBRE OPTIC TERMINATION SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06436510. The registered office is 32 BARTLEMY ROAD, NEWBURY, BERKS, RG14 6LA.
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:
Land & buildings
25% reducing balance basis
Computer equipment
25% reducing balance basis
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
10,250
15,577
20,375
46,202
At 30 November 2023
10,250
19,227
20,375
49,852
At 1 December 2022
8,729
14,817
13,583
37,129
Charge for the year
381
1,102
6,792
8,275
At 30 November 2023
9,110
15,919
20,375
45,404
At 30 November 2023
1,140
3,308
-
4,448
At 30 November 2022
1,521
760
6,792
9,073
FIBRE OPTIC TERMINATION SERVICES LIMITED
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
25,830
51,913
Deferred tax asset
615
839
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,918
15,099
Taxes and social security
5,664
9,490
Loans from directors
43,529
-
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).