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Fastfix Drainage and Plumbing Ltd Unaudited accounts Contents
Page
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Fastfix Drainage and Plumbing Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
218,074 
115,735 
Current assets
Inventories
19,563 
13,099 
Debtors
164,922 
108,689 
Cash at bank and in hand
13,162 
14,909 
197,647 
136,697 
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)
Net assets
36,230 
64,410 
Capital and reserves
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
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Fastfix Drainage and Plumbing Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 August 2023
85,858 
130,871 
1,345 
218,074 
At 31 August 2022
42,232 
73,261 
242 
115,735 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
64,686 
64,852 
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Fastfix Drainage and Plumbing Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
162,322 
107,689 
Accrued income and prepayments
2,600 
1,000 
164,922 
108,689 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
14,282 
- 
VAT
16,566 
13,194 
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 
Accruals
16,633 
6,500 
201,120 
121,199 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
110,069 
37,588 
Other creditors
39,067 
- 
Loans from directors
29,235 
29,235 
178,371 
66,823 
8
Average number of employees
During the year the average number of employees was 16 (2022: 8).
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