Registered number: 1789143 | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
F.B.H. Marketing Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 1789143 | ||||||||
BANKERS | ||||||||
Barclays Bank plc | ||||||||
ACCOUNTANTS | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
F.B.H. Marketing Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
F.B.H. Marketing Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
418,059 | 446,225 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 285,069 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 19,727 | 35,482 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 271,100 | 267,138 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
F.B.H. Marketing Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Fixtures, Fittings and Office Equipment | reducing balance 25% | |||||||
Motor Vehicles | reducing balance 25% |
1c. Stocks | ||||||||
Stock is valued at the lower of cost and estimated selling price less selling costs. Cost is based on a weighted average purchase price. |
1d. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1f. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the despatch of goods. |
F.B.H. Marketing Limited | ||||||||
1g. Leases | ||||||||
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of repayments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||||||
Leasehold | Fixtures | |||||||
Property Improvements | Fittings and Office Equipment | Motor Vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/04/2023 | 12,332 | 77,999 | 48,040 | 138,371 | ||||
Additions | - | 3,510 | 35,045 | 38,555 | ||||
Disposals | - | - | (19,540) | (19,540) | ||||
At 31/03/2024 | 12,332 | 81,509 | 63,545 | 157,386 | ||||
Depreciation | ||||||||
At 01/04/2023 | 12,331 | 76,966 | 31,433 | 120,730 | ||||
Disposals | - | - | (14,903) | (14,903) | ||||
For the year | - | 1,136 | 11,754 | 12,890 | ||||
At 31/03/2024 | 12,331 | 78,102 | 28,284 | 118,717 | ||||
Net Book Amounts | ||||||||
At 31/03/2024 | 1 | 3,407 | 35,261 | 38,669 | ||||
At 31/03/2023 | 1 | 1,033 | 16,607 | 17,641 | ||||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 27,464 | 38,379 | ||||||
Other debtors | 5,342 | - | ||||||
Prepayments | 2,577 | 5,077 | ||||||
Directors current account - DG Fisher (Snr) | 5,343 | - | ||||||
Directors current account - DG Fisher (Jnr) | 9,932 | - | ||||||
50,658 | 43,456 | |||||||
F.B.H. Marketing Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 5,945 | 8,023 | ||||||
VAT | 26,211 | 36,266 | ||||||
Other tax and social security | 2,747 | 2,524 | ||||||
Directors current account - DG Fisher (Snr) | - | 3,981 | ||||||
Directors current account - DG Fisher (Jnr) | - | 811 | ||||||
Bank loan | 15,771 | 15,771 | ||||||
Trade creditors | 112,137 | 70,930 | ||||||
Other creditors | - | 19,850 | ||||||
Accruals | 3,000 | 3,000 | ||||||
165,811 | 161,156 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans >1yr | 19,727 | 35,482 | ||||||
19,727 | 35,482 | |||||||
7. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 5 | |||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
90 | 90 | |||||||
90 | 90 | |||||||
F.B.H. Marketing Limited | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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10. TRANSACTIONS WITH DIRECTORS | ||||||||
During the year advances of £5,343 and £9,932 were made to the directors which remain outstanding at the balance sheet daye. The loans are interest free, unsecured and repayable on demand. | ||||||||
11. FINANCIAL COMMITMENTS | ||||||||
At the balance sheet date the company had outstanding commitments under operating leases of £85,000. | ||||||||
12. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 01789143. | ||||||||
The company's registered office is 5 Carlyle's Court, Fisher Street, Carlisle, CA3 8RN. |