Fastfix Drainage and Plumbing Ltd
Unaudited accounts
Contents
Fastfix Drainage and Plumbing Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
218,074
115,735
Cash at bank and in hand
13,162
14,909
Creditors: amounts falling due within one year
(201,120)
(121,199)
Net current (liabilities)/assets
(3,473)
15,498
Total assets less current liabilities
214,601
131,233
Creditors: amounts falling due after more than one year
(178,371)
(66,823)
Called up share capital
1,000
21,000
Profit and loss account
35,230
43,410
Shareholders' funds
36,230
64,410
For the year ending 31 August 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 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 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 of Directors and authorised for issue on 18 June 2024 and were signed on its behalf by
Andrew Findlay
Director
Company Registration No. 12727917
Fastfix Drainage and Plumbing Ltd
Notes to the Accounts
for the year ended 31 August 2023
Fastfix Drainage and Plumbing Ltd is a private company, limited by shares, registered in England and Wales, registration number 12727917. The registered office is Second Floor, 49 High Street, Thornbury, Bristol, BS35 2AR, UNITED KINGDOM.
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:
Plant & machinery
Depreciating over 10 years with drainage equipment depreciating over 5 years
Motor vehicles
Depreciating over 4 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
52,452
81,197
242
133,891
Additions
54,520
84,045
1,167
139,732
At 31 August 2023
106,972
165,242
1,409
273,623
At 1 September 2022
10,220
7,936
-
18,156
Charge for the year
10,894
26,435
64
37,393
At 31 August 2023
21,114
34,371
64
55,549
At 31 August 2023
85,858
130,871
1,345
218,074
At 31 August 2022
42,232
73,261
242
115,735
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
64,686
64,852
Fastfix Drainage and Plumbing Ltd
Notes to the Accounts
for the year ended 31 August 2023
Amounts falling due within one year
Trade debtors
162,322
107,689
Accrued income and prepayments
2,600
1,000
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
14,282
-
Obligations under finance leases and hire purchase contracts
38,273
21,825
Trade creditors
68,436
55,683
Taxes and social security
13,851
10,376
Other creditors
33,079
5,942
Loans from directors
-
7,679
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
110,069
37,588
Loans from directors
29,235
29,235
8
Average number of employees
During the year the average number of employees was 16 (2022: 8).