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REGISTERED NUMBER: 13515392 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

FBS Electrical Ltd

FBS Electrical Ltd (Registered number: 13515392)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

FBS Electrical Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: B A Bignold





SECRETARY:





REGISTERED OFFICE: 22 Grange Road
Ramsgate
Kent
CT11 9LR





REGISTERED NUMBER: 13515392 (England and Wales)





ACCOUNTANTS: Adlam Accountancy Services
22 Grange Road
Ramsgate
Kent
CT11 9LR

FBS Electrical Ltd (Registered number: 13515392)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,268 17,962

CURRENT ASSETS
Stocks 5 32,750 90,000
Debtors 6 156,292 5,036
Cash at bank and in hand 46,410 968
235,452 96,004
CREDITORS
Amounts falling due within one year 7 232,116 79,553
NET CURRENT ASSETS 3,336 16,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,604

34,413

PROVISIONS FOR LIABILITIES 3,938 4,485
NET ASSETS 14,666 29,928

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 14,566 29,828
SHAREHOLDERS' FUNDS 14,666 29,928

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:



B A Bignold - Director


FBS Electrical Ltd (Registered number: 13515392)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

FBS Electrical Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Tools and Equipment - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

FBS Electrical Ltd (Registered number: 13515392)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Tools and Computer
Equipment equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 19,911 1,183 21,094
DEPRECIATION
At 1 August 2022 2,955 177 3,132
Charge for year 2,543 151 2,694
At 31 July 2023 5,498 328 5,826
NET BOOK VALUE
At 31 July 2023 14,413 855 15,268
At 31 July 2022 16,956 1,006 17,962

5. STOCKS
31.7.23 31.7.22
£    £   
Stocks 12,750 15,000
Work-in-progress 20,000 75,000
32,750 90,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 113,806 -
VAT 42,486 3,411
Prepayments - 1,625
156,292 5,036

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 191,556 67,984
Corporation Tax 17,151 11,842
Social security and other taxes 2,278 (4,649 )
Other creditors 899 -
Other Business Creditors 7,900 -
Directors' current accounts 5,869 366
Accrued expenses 6,463 4,010
232,116 79,553

FBS Electrical Ltd (Registered number: 13515392)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Share capital 1 £1 100 100

FBS Electrical Ltd

Report of the Accountants to the Director of
FBS Electrical Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Adlam Accountancy Services
22 Grange Road
Ramsgate
Kent
CT11 9LR


Date: .............................................