Registered number
00888003
Fylde Office Service Bureau Limited
Filleted Accounts
31 July 2024
Fylde Office Service Bureau Limited
Registered number: 00888003
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 315,001 318,501
Investments 4 5 5
315,006 318,506
Current assets
Stocks 250 250
Debtors 5 69,583 40,750
Cash at bank and in hand 55,561 27,079
125,394 68,079
Creditors: amounts falling due within one year 6 (204,898) (161,772)
Net current liabilities (79,504) (93,693)
Net assets 235,502 224,813
Capital and reserves
Called up share capital 46 46
Share premium 79,956 79,956
Revaluation reserve 7 224,220 224,220
Profit and loss account (68,720) (79,409)
Shareholders' funds 235,502 224,813
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Parry
Director
Approved by the board on 10 September 2024
Fylde Office Service Bureau Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 100 years
Office Equipment over 8 years
Computer Equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 26 39
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 380,625 10,976 391,601
At 31 July 2024 380,625 10,976 391,601
Depreciation
At 1 August 2023 62,124 10,976 73,100
Charge for the year 3,500 - 3,500
At 31 July 2024 65,624 10,976 76,600
Net book value
At 31 July 2024 315,001 - 315,001
At 31 July 2023 318,501 - 318,501
Freehold land and buildings: 2024 2023
£ £
Historical cost 156,405 156,405
Cumulative depreciation based on historical cost 29,505 27,941
126,900 128,464
4 Investments
Other
investments
£
Cost
At 1 August 2023 5
At 31 July 2024 5
5 Debtors 2024 2023
£ £
Trade debtors 66,212 34,993
Other debtors 3,371 5,757
69,583 40,750
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 233
Taxation and social security costs 70,934 43,578
Other creditors 133,964 117,961
204,898 161,772
7 Revaluation reserve 2024 2023
£ £
At 1 August 2023 224,220 224,220
At 31 July 2024 224,220 224,220
8 Other information
Fylde Office Service Bureau Limited is a private company limited by shares and incorporated in England. Its registered office is:
28 Orchard Road
St Annes on Sea
Lancashire
FY8 1PF
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