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Company registration number:09573447
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FOLEY CONTRACTORS LIMITED
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 May 2023 |
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FOLEY CONTRACTORS LIMITED |
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BALANCE SHEET |
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AS AT 31 May 2023
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2023 |
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2022 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Tangible assets | | | 3 | | | 5,931 | | | | 7,907 | |
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| | | | | | | 5,931 | | | | 7,907 | |
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CURRENT ASSETS |
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Stocks | | | | 373,123 | | | | 373,123 | | | | |
Debtors | | | 4 | 409,350 | | | | 409,350 | | | | |
Cash at bank and in hand | | | | 691,801 | | | | 700,285 | | | | |
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| | | | | 1,474,274 | | | | 1,482,758 | | | |
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CREDITORS |
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Amounts falling due within one year |
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5 |
(1,504,553) |
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(1,512,146) |
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NET CURRENT ASSETS |
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(30,279) |
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(29,388) |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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(24,348) |
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(21,481) |
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NET ASSETS |
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(24,348) |
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(21,481) |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
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6 |
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100 |
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100 |
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Profit and loss account |
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(24,448) |
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(21,581) |
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SHAREHOLDERS FUNDS |
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(24,348) |
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(21,481) |
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For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 21 February 2024 and signed on its behalf. | | | | | | | |
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The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. | | | | | | | |
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.......................................................................... |
Gail Foley |
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21 February 2024
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The annexed notes form part of these financial statements. | | | | | | | |
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FOLEY CONTRACTORS LIMITED | | | | | | |
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STATEMENT OF CHANGES IN EQUITY | | | | | | |
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FOR THE YEAR ENDED 31 MAY 2023 | | |
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Share |
Share |
P and L |
Revaluation |
Other |
Total |
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Capital |
Premium |
Account |
reserve |
reserves |
equity |
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£ |
£ |
£ |
£ |
£ |
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Balance at 1 June 2021 | | 100 | 0 | (18,172) | 0 | 0 | (18,072) |
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Changes in equity | | | | | | | | | | |
Total Comprehensive Income | | 0 | 0 | (3,409) | 0 | 0 | (3,409) |
Balance at 31 May 2022 | | 100 | 0 | (21,581) | 0 | 0 | (21,481) |
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Changes in equity | | | | | | | | | | |
Total comprehensive income | | 0 | 0 | (2,867) | 0 | 0 | (2,867) |
Balance at 31 May 2023 | | 100 | 0 | (24,448) | 0 | 0 | (24,348) |
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FOLEY CONTRACTORS LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MAY 2023 |
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1. |
Accounting policies |
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| Statutory information | | | | | | | |
| Foley Contractors Limited is a private company, limited by shares, registered in England and Wales. The presentation currency of the financial statements is the £ sterling. | |
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| Statement of compliance | | | | | | | |
| These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard. | |
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Basis of preparing the financial statements |
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The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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| Turnover | | | | | | | | | |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. | |
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| Stocks and Work In Progress | | | | | | | |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. | |
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2. | Employees | | | |
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| The average number of persons employed by the company (including directors) during the year was 1. |
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3. | Tangible fixed assets | | | | | | | | | |
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Motor |
Total |
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| Cost | | | | | | | | | | |
| At start of period | |
18,744 |
18,744 | |
| At end of period | |
18,744 |
18,744 | |
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| Depreciation | | | | | | | | | | |
| At start of period | |
10,837 |
10,837 | |
| Provided during the period |
1,977 |
1,977 | |
| At end of period | |
12,814 |
12,814 | |
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| Net Book Value | | | | | | | | | |
| At start of period | |
7,907 |
7,907 | |
| At end of period | |
5,931 |
5,931 | |
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5. | Creditors due within one year | | | | | |
| | | | | 2023 | 2022 | | |
| | | | | £ | £ | | |
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| Trade creditors | | | 1,812 | 1,739 | | |
| Other creditors | | | 1,500,448 | 1,507,574 | | |
| Accruals and deferred income | | 2,293 | 2,833 | | |
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| | | | | 1,504,553 | 1,512,146 | | |
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6. |
Share capital |
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Alloted, Issued and fully paid |
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2023 |
2022 |
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£ |
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| Ordinary shares of £1 each | | | 100 | 100 | | | |
| Total issued share capital | | | 100 | 100 | | | |
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