IRIS Accounts Production v24.1.9.2 05286121 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052861212022-11-30052861212023-11-30052861212022-12-012023-11-30052861212021-11-30052861212021-12-012022-11-30052861212022-11-3005286121ns15:EnglandWales2022-12-012023-11-3005286121ns14:PoundSterling2022-12-012023-11-3005286121ns10:Director12022-12-012023-11-3005286121ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005286121ns10:SmallEntities2022-12-012023-11-3005286121ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005286121ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005286121ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005286121ns10:FullAccounts2022-12-012023-11-3005286121ns10:Director22022-12-012023-11-3005286121ns10:RegisteredOffice2022-12-012023-11-3005286121ns5:CurrentFinancialInstruments2023-11-3005286121ns5:CurrentFinancialInstruments2022-11-3005286121ns5:Non-currentFinancialInstruments2023-11-3005286121ns5:Non-currentFinancialInstruments2022-11-3005286121ns5:ShareCapital2023-11-3005286121ns5:ShareCapital2022-11-3005286121ns5:RetainedEarningsAccumulatedLosses2023-11-3005286121ns5:RetainedEarningsAccumulatedLosses2022-11-3005286121ns5:PlantMachinery2022-12-012023-11-3005286121ns5:FurnitureFittings2022-12-012023-11-3005286121ns5:MotorVehicles2022-12-012023-11-3005286121ns5:ComputerEquipment2022-12-012023-11-3005286121ns5:PlantMachinery2022-11-3005286121ns5:FurnitureFittings2022-11-3005286121ns5:MotorVehicles2022-11-3005286121ns5:ComputerEquipment2022-11-3005286121ns5:PlantMachinery2023-11-3005286121ns5:FurnitureFittings2023-11-3005286121ns5:MotorVehicles2023-11-3005286121ns5:ComputerEquipment2023-11-3005286121ns5:PlantMachinery2022-11-3005286121ns5:FurnitureFittings2022-11-3005286121ns5:MotorVehicles2022-11-3005286121ns5:ComputerEquipment2022-11-3005286121ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-3005286121ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3005286121ns5:LeasedAssetsHeldAsLessee2022-11-3005286121ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3005286121ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3005286121ns5:LeasedAssetsHeldAsLessee2022-12-012023-11-3005286121ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3005286121ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-3005286121ns5:LeasedAssetsHeldAsLessee2023-11-3005286121ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-11-3005286121ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3005286121ns5:LeasedAssetsHeldAsLessee2022-11-3005286121ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3005286121ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3005286121ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3005286121ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-11-3005286121ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-3005286121ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-11-3005286121ns5:Secured2023-11-3005286121ns5:Secured2022-11-3005286121ns5:DeferredTaxation2022-11-3005286121ns5:DeferredTaxation2022-12-012023-11-3005286121ns5:DeferredTaxation2023-11-30
REGISTERED NUMBER: 05286121 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

FLATBASE CONSTRUCTION SERVICES LIMITED

FLATBASE CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 05286121)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLATBASE CONSTRUCTION SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2023







DIRECTORS: Mr C B McCarthy
Mr G McCarthy





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Unit 4
250 Toddington Road
LUTON
Bedfordshire
LU4 9DZ





REGISTERED NUMBER: 05286121 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

FLATBASE CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 05286121)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 553,687 646,725

CURRENT ASSETS
Stocks 5 441,846 129,225
Debtors 6 662,467 1,017,649
Cash at bank 407 12,090
1,104,720 1,158,964
CREDITORS
Amounts falling due within one year 7 1,195,511 1,011,892
NET CURRENT (LIABILITIES)/ASSETS (90,791 ) 147,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

462,896

793,797

CREDITORS
Amounts falling due after more than one
year

8

(201,413

)

(318,114

)

PROVISIONS FOR LIABILITIES 10 (50,921 ) (59,653 )
NET ASSETS 210,562 416,030

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 210,462 415,930
SHAREHOLDERS' FUNDS 210,562 416,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FLATBASE CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 05286121)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mr G McCarthy - Director


FLATBASE CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 05286121)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Flatbase Construction Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


FLATBASE CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 05286121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grant income
Government grant income received in the form of Coronavirus Job Retention Scheme payments are recognised on the profit or loss under other income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 1,100,945 16,990 126,380 6,110 1,250,425
Additions 57,750 - 34,000 - 91,750
At 30 November 2023 1,158,695 16,990 160,380 6,110 1,342,175
DEPRECIATION
At 1 December 2022 504,575 12,958 82,168 3,999 603,700
Charge for year 163,530 1,008 19,553 697 184,788
At 30 November 2023 668,105 13,966 101,721 4,696 788,488
NET BOOK VALUE
At 30 November 2023 490,590 3,024 58,659 1,414 553,687
At 30 November 2022 596,370 4,032 44,212 2,111 646,725

FLATBASE CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 05286121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 573,125 38,248 611,373
Additions 57,750 34,000 91,750
Transfer to ownership (9,100 ) (22,747 ) (31,847 )
At 30 November 2023 621,775 49,501 671,276
DEPRECIATION
At 1 December 2022 112,170 14,578 126,748
Charge for year 128,005 11,285 139,290
Transfer to ownership (2,417 ) (10,218 ) (12,635 )
At 30 November 2023 237,758 15,645 253,403
NET BOOK VALUE
At 30 November 2023 384,017 33,856 417,873
At 30 November 2022 460,955 23,670 484,625

5. STOCKS
2023 2022
£    £   
Work-in-progress 441,846 129,225

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 556,498 915,349
Other debtors - 33,174
Tax 12,789 -
VAT 80,206 57,437
Prepayments 12,974 11,689
662,467 1,017,649

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 117,678 73,090
Hire purchase contracts 145,652 175,673
Trade creditors 675,979 341,824
Corporation tax - 12,789
Taxation and social security 328 5,579
Other creditors 248,643 349,291
Directors' loan accounts 1,231 47,723
Accrued expenses 6,000 5,923
1,195,511 1,011,892

FLATBASE CONSTRUCTION SERVICES LIMITED (REGISTERED NUMBER: 05286121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1 -2 years 52,500 60,000
Bank loans - 2-5 years - 22,500
Hire purchase contracts 148,913 235,614
201,413 318,114

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 87,678 43,090
Hire purchase contracts 294,565 411,287
382,243 454,377

The hire purchase liabilities are secured over the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 50,921 59,653

Deferred
tax
£   
Balance at 1 December 2022 59,653
Provided during year (8,732 )
Balance at 30 November 2023 50,921

11. ULTIMATE CONTROLLING PARTY

Mr C B McCarthy and Mr G McCarthy control the company by virtue of their shareholding.