Company registration number 07815311 (England and Wales)
FURNESS MAPPING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
FURNESS MAPPING SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
FURNESS MAPPING SERVICES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
13,939
11,539
Current assets
Debtors
5
-
0
9,784
Cash at bank and in hand
93,372
61,812
93,372
71,596
Creditors: amounts falling due within one year
6
(21,527)
(18,400)
Net current assets
71,845
53,196
Net assets
85,784
64,735
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
85,684
64,635
Total equity
85,784
64,735

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 14 August 2024
Mr M D Sanderson
Director
Company registration number 07815311 (England and Wales)
FURNESS MAPPING SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2022
100
45,658
45,758
Year ended 31 December 2022:
Profit and total comprehensive income
-
21,977
21,977
Dividends
-
(3,000)
(3,000)
Balance at 31 December 2022
100
64,635
64,735
Year ended 31 December 2023:
Profit and total comprehensive income
-
25,049
25,049
Dividends
-
(4,000)
(4,000)
Balance at 31 December 2023
100
85,684
85,784
FURNESS MAPPING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information

Furness Mapping Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Liddle Close, BARROW-IN-FURNESS, LA13 0SW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Tangible fixed assets

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

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% Reducing Balance
Computer equipment
33.33% Reducing Balance

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

1.4
Taxation

The tax expense represents the tax currently payable. Deferred tax is not provided.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

FURNESS MAPPING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
5,313
4,498
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
59,146
Additions
6,524
At 31 December 2023
65,670
Depreciation and impairment
At 1 January 2023
47,607
Depreciation charged in the year
4,124
At 31 December 2023
51,731
Carrying amount
At 31 December 2023
13,939
At 31 December 2022
11,539
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
8,643
Corporation tax recoverable
-
0
1,141
-
0
9,784
FURNESS MAPPING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
5,313
4,498
Other taxation and social security
4,656
2,752
Other creditors
11,558
11,150
21,527
18,400
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