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REGISTERED NUMBER: 01157210 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

F.K. COMMERCIALS LIMITED

F.K. COMMERCIALS LIMITED (REGISTERED NUMBER: 01157210)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


F.K. COMMERCIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A Courts





REGISTERED OFFICE: Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT





REGISTERED NUMBER: 01157210 (England and Wales)





ACCOUNTANTS: Sheppard Rockey & Williams Ltd
Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT

F.K. COMMERCIALS LIMITED (REGISTERED NUMBER: 01157210)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,512 18,452

CURRENT ASSETS
Debtors 5 63,100 29,400
Cash at bank 35,966 58,300
99,066 87,700
CREDITORS
Amounts falling due within one year 6 46,535 39,715
NET CURRENT ASSETS 52,531 47,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,043

66,437

CREDITORS
Amounts falling due after more than one year 7 (14,917 ) (24,803 )

PROVISIONS FOR LIABILITIES (3,446 ) (1,620 )
NET ASSETS 60,680 40,014

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings 40,680 20,014
SHAREHOLDERS' FUNDS 60,680 40,014

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 director acknowledges his 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.

F.K. COMMERCIALS LIMITED (REGISTERED NUMBER: 01157210)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 September 2024 and were signed by:





A Courts - Director


F.K. COMMERCIALS LIMITED (REGISTERED NUMBER: 01157210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

F.K. Commercials 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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and equipment - 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

F.K. COMMERCIALS LIMITED (REGISTERED NUMBER: 01157210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property equipment Totals
£    £    £   
COST
At 1 January 2023 38,726 65,285 104,011
Additions - 12,810 12,810
At 31 December 2023 38,726 78,095 116,821
DEPRECIATION
At 1 January 2023 28,802 56,757 85,559
Charge for year 1,549 3,201 4,750
At 31 December 2023 30,351 59,958 90,309
NET BOOK VALUE
At 31 December 2023 8,375 18,137 26,512
At 31 December 2022 9,924 8,528 18,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 12,414 14,400
Other debtors 50,686 15,000
63,100 29,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,820 6,238
Taxation and social security 7,739 4,599
Other creditors 23,976 18,878
46,535 39,715

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,917 24,803

F.K. COMMERCIALS LIMITED (REGISTERED NUMBER: 01157210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
20,000 Ordinary A £1 20,000 20,000