IRIS Accounts Production v24.1.9.2 07551366 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075513662022-12-31075513662023-12-31075513662023-01-012023-12-31075513662021-12-31075513662022-01-012022-12-31075513662022-12-3107551366ns15:EnglandWales2023-01-012023-12-3107551366ns14:PoundSterling2023-01-012023-12-3107551366ns10:Director12023-01-012023-12-3107551366ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107551366ns10:SmallEntities2023-01-012023-12-3107551366ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107551366ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107551366ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107551366ns10:FullAccounts2023-01-012023-12-310755136612023-01-012023-12-3107551366ns10:Director22023-01-012023-12-3107551366ns10:RegisteredOffice2023-01-012023-12-3107551366ns5:CurrentFinancialInstruments2023-12-3107551366ns5:CurrentFinancialInstruments2022-12-3107551366ns5:Non-currentFinancialInstruments2023-12-3107551366ns5:Non-currentFinancialInstruments2022-12-3107551366ns5:ShareCapital2023-12-3107551366ns5:ShareCapital2022-12-3107551366ns5:RetainedEarningsAccumulatedLosses2023-12-3107551366ns5:RetainedEarningsAccumulatedLosses2022-12-3107551366ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3107551366ns5:LeaseholdImprovements2023-01-012023-12-3107551366ns5:PlantMachinery2023-01-012023-12-3107551366ns5:FurnitureFittings2023-01-012023-12-3107551366ns5:MotorVehicles2023-01-012023-12-3107551366ns5:ComputerEquipment2023-01-012023-12-3107551366ns5:NetGoodwill2022-12-3107551366ns5:NetGoodwill2023-12-3107551366ns5:NetGoodwill2022-12-3107551366ns5:LeaseholdImprovements2022-12-3107551366ns5:PlantMachinery2022-12-3107551366ns5:FurnitureFittings2022-12-3107551366ns5:LeaseholdImprovements2023-12-3107551366ns5:PlantMachinery2023-12-3107551366ns5:FurnitureFittings2023-12-3107551366ns5:LeaseholdImprovements2022-12-3107551366ns5:PlantMachinery2022-12-3107551366ns5:FurnitureFittings2022-12-3107551366ns5:MotorVehicles2022-12-3107551366ns5:ComputerEquipment2022-12-3107551366ns5:MotorVehicles2023-12-3107551366ns5:ComputerEquipment2023-12-3107551366ns5:MotorVehicles2022-12-3107551366ns5:ComputerEquipment2022-12-3107551366ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3107551366ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3107551366ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3107551366ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3107551366ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107551366ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107551366ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3107551366ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3107551366ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3107551366ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3107551366ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3107551366ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-3107551366ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107551366ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107551366ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3107551366ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3107551366ns5:HirePurchaseContracts2023-12-3107551366ns5:HirePurchaseContracts2022-12-3107551366ns5:WithinOneYear2023-12-3107551366ns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07551366 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Fillcon Limited

Fillcon Limited (Registered number: 07551366)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fillcon Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs K Auty
R Auty





REGISTERED OFFICE: Unit 30
Hither Green Trading Estate
Clevedon
North Somerset
BS21 6XU





REGISTERED NUMBER: 07551366 (England and Wales)

Fillcon Limited (Registered number: 07551366)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 117,919 157,281
117,919 157,281

CURRENT ASSETS
Stocks 25,775 40,939
Debtors 6 126,831 144,288
Prepayments and accrued income 463 463
Cash at bank and in hand 215,300 146,227
368,369 331,917
CREDITORS
Amounts falling due within one year 7 196,929 158,617
NET CURRENT ASSETS 171,440 173,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

289,359

330,581

CREDITORS
Amounts falling due after more than one
year

8

(98,464

)

(157,736

)

PROVISIONS FOR LIABILITIES (20,391 ) (23,999 )
NET ASSETS 170,504 148,846

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 170,404 148,746
SHAREHOLDERS' FUNDS 170,504 148,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Fillcon Limited (Registered number: 07551366)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings 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:





R Auty - Director


Fillcon Limited (Registered number: 07551366)

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

1. STATUTORY INFORMATION

Fillcon 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.

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.

The Company bases its estimate of returns on historical results, taking into consideration the type of customer, the type of transaction and specifics of each arrangement. [optional]

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transactions, the fair value of the consideration is measured as the present value of all future receipts using the inputed rate of interest.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods and services

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Improvements to property - Straight line over 5 years
Plant and machinery - Straight line over 7 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 4 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fillcon Limited (Registered number: 07551366)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans and overdrafts and loans from fellow group companies, 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 receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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

Fillcon Limited (Registered number: 07551366)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 11,268
AMORTISATION
At 1 January 2023
and 31 December 2023 11,268
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 75,887 526,224 19,811
Additions - 18,262 1,292
Disposals - (3,700 ) -
At 31 December 2023 75,887 540,786 21,103
DEPRECIATION
At 1 January 2023 75,173 411,417 16,996
Charge for year 237 47,698 1,629
Eliminated on disposal - (3,171 ) -
At 31 December 2023 75,410 455,944 18,625
NET BOOK VALUE
At 31 December 2023 477 84,842 2,478
At 31 December 2022 714 114,807 2,815

Fillcon Limited (Registered number: 07551366)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 44,279 28,222 694,423
Additions - 2,669 22,223
Disposals - - (3,700 )
At 31 December 2023 44,279 30,891 712,946
DEPRECIATION
At 1 January 2023 11,070 22,486 537,142
Charge for year 8,302 3,190 61,056
Eliminated on disposal - - (3,171 )
At 31 December 2023 19,372 25,676 595,027
NET BOOK VALUE
At 31 December 2023 24,907 5,215 117,919
At 31 December 2022 33,209 5,736 157,281

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 44,279
DEPRECIATION
At 1 January 2023 11,070
Charge for year 8,302
At 31 December 2023 19,372
NET BOOK VALUE
At 31 December 2023 24,907
At 31 December 2022 33,209

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 123,315 140,959
Other debtors 3,516 -
Tax - 3,329
126,831 144,288

Fillcon Limited (Registered number: 07551366)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,311 19,255
Hire purchase contracts (see note 9) 11,252 7,993
Trade creditors 74,236 102,069
Tax 32,673 -
Social security and other taxes 686 72
VAT 24,221 20,379
Other creditors 1,544 1,512
Directors' current accounts 26,430 3,247
Accruals and deferred income 5,576 4,090
196,929 158,617

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 21,093 20,300
Bank loans - 2-5 years 37,231 58,247
Bank loans more 5 yr by instal 24,312 24,709
Hire purchase contracts (see note 9) 15,828 19,480
Directors' loan accounts - 35,000
98,464 157,736

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,312 24,709

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 11,252 7,993
Between one and five years 15,828 19,480
27,080 27,473

Non-cancellable operating leases
2023 2022
£    £   
Within one year 3,116 -