FIBRESOL LIMITED

Company Registration Number:
08989129 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

FIBRESOL LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FIBRESOL LIMITED

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The hire of media broadcast equipment.



Directors

The director shown below has held office during the whole of the period from
1 May 2023 to 30 April 2024

Mr Luke Depper


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 July 2024

And signed on behalf of the board by:
Name: Mr Luke Depper
Status: Director

FIBRESOL LIMITED

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 4,661,627 4,292,134
Cost of sales: ( 386,195 ) ( 457,787 )
Gross profit(or loss): 4,275,432 3,834,347
Administrative expenses: ( 2,200,356 ) ( 1,615,659 )
Operating profit(or loss): 2,075,076 2,218,688
Interest receivable and similar income: 3,900 3,911
Interest payable and similar charges: ( 553,174 ) ( 305,654 )
Profit(or loss) before tax: 1,525,802 1,916,945
Tax: ( 574,456 ) ( 340,047 )
Profit(or loss) for the financial year: 951,346 1,576,898

FIBRESOL LIMITED

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 11,265,894 8,674,974
Total fixed assets: 11,265,894 8,674,974
Current assets
Debtors: 4 1,091,889 1,091,563
Cash at bank and in hand: 1,171,055 1,119,345
Total current assets: 2,262,944 2,210,908
Creditors: amounts falling due within one year: 5 ( 4,122,545 ) ( 2,756,711 )
Net current assets (liabilities): (1,859,601) (545,803)
Total assets less current liabilities: 9,406,293 8,129,171
Creditors: amounts falling due after more than one year: 6 ( 4,836,489 ) ( 4,469,846 )
Total net assets (liabilities): 4,569,804 3,659,325
Capital and reserves
Called up share capital: 97 100
Profit and loss account: 4,569,707 3,659,225
Total Shareholders' funds: 4,569,804 3,659,325

The notes form part of these financial statements

FIBRESOL LIMITED

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: Mr Luke Depper
Status: Director

The notes form part of these financial statements

FIBRESOL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of Vat.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.Plant & Machinery between 7 and 10 years straight line.

    Other accounting policies

    Cash includes cash in hand, deposits held at call.Financial liabilities, including creditors, bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future liabilities.Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.Assets held under finance leases are recognised as assets at the lower end of the assets' fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation.Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest on the remaining balance of liability.Foreign Exchange, transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions.

FIBRESOL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

FIBRESOL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 0 12,352,320 12,352,320
Additions 412,114 4,070,476 4,482,590
Disposals
Revaluations
Transfers
At 30 April 2024 412,114 16,422,796 16,834,910
Depreciation
At 1 May 2023 3,677,346 3,677,346
Charge for year 1,891,670 1,891,670
On disposals
Other adjustments
At 30 April 2024 5,569,016 5,569,016
Net book value
At 30 April 2024 412,114 10,853,780 11,265,894
At 30 April 2023 0 8,674,974 8,674,974

FIBRESOL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Debtors

2024 2023
£ £
Trade debtors 761,876 832,743
Other debtors 330,013 258,820
Total 1,091,889 1,091,563

Other debtors includes Director's loan balance £247,200, S455 Corporation tax £81,465 and sundry Director's expenses owed £1,348.

FIBRESOL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 3,713,606 2,462,282
Trade creditors 15,982
Taxation and social security 402,566 277,912
Other creditors 6,373 535
Total 4,122,545 2,756,711

Taxation includes Corporation tax £401,205, (to include S455 CT £81,465) and Vat £1,361.Other Creditors includes money owed to Shareholders £5,867 and Pension creditor at April 2024 £506.

FIBRESOL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Amounts due under finance leases and hire purchase contracts 3,949,675 3,860,593
Other creditors 886,814 609,253
Total 4,836,489 4,469,846

Other creditors represents Deferred tax liabilities at 30 April 2024.

FIBRESOL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Loans to directors

Name of director receiving advance or credit: Mr Luke Depper
Description of the transaction:
An advance for house refurbishment works, extended in the current year for further additions and enhancements.
£
Balance at 30 April 2023 177,200
Advances or credits made: 90,000
Advances or credits repaid: 20,000
Balance at 30 April 2024 247,200