IRIS Accounts Production v24.2.0.383 07868270 Board of Directors 1.1.23 31.12.23 31.12.23 11/9/2024 0 0 true false true false false true false Auditors Opinion Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078682702022-12-31078682702023-12-31078682702023-01-012023-12-31078682702021-12-31078682702022-01-012022-12-31078682702022-12-3107868270ns15:EnglandWales2023-01-012023-12-3107868270ns14:PoundSterling2023-01-012023-12-3107868270ns10:Director12023-01-012023-12-3107868270ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107868270ns10:SmallEntities2023-01-012023-12-3107868270ns10:Audited2023-01-012023-12-3107868270ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107868270ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107868270ns10:FullAccounts2023-01-012023-12-3107868270ns10:OrdinaryShareClass22023-01-012023-12-3107868270ns10:OrdinaryShareClass32023-01-012023-12-3107868270ns10:OrdinaryShareClass42023-01-012023-12-3107868270ns10:Director32023-01-012023-12-3107868270ns10:RegisteredOffice2023-01-012023-12-3107868270ns5:CurrentFinancialInstruments2023-12-3107868270ns5:CurrentFinancialInstruments2022-12-3107868270ns5:ShareCapital2023-12-3107868270ns5:ShareCapital2022-12-3107868270ns5:RetainedEarningsAccumulatedLosses2023-12-3107868270ns5:RetainedEarningsAccumulatedLosses2022-12-3107868270ns5:PlantMachinery2022-12-3107868270ns5:FurnitureFittings2022-12-3107868270ns5:PlantMachinery2023-01-012023-12-3107868270ns5:FurnitureFittings2023-01-012023-12-3107868270ns5:PlantMachinery2023-12-3107868270ns5:FurnitureFittings2023-12-3107868270ns5:PlantMachinery2022-12-3107868270ns5:FurnitureFittings2022-12-3107868270ns5:CostValuation2022-12-3107868270ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3107868270ns5:AcceleratedTaxDepreciationDeferredTax2022-12-3107868270ns5:DeferredTaxation2022-12-3107868270ns5:DeferredTaxation2023-01-012023-12-3107868270ns5:DeferredTaxation2023-12-3107868270ns10:OrdinaryShareClass22023-12-3107868270ns10:OrdinaryShareClass32023-12-3107868270ns10:OrdinaryShareClass42023-12-31
REGISTERED NUMBER: 07868270 (England and Wales)















F.B.S. Holdings (UK) Limited

Financial Statements

for the Year Ended 31 December 2023






F.B.S. Holdings (UK) Limited (Registered number: 07868270)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


F.B.S. Holdings (UK) Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: A Kershaw
TR Phillips





REGISTERED OFFICE: 14-15 Aston Fields Road
Whitehouse Industrial Estate
Runcorn
Cheshire
WA7 3DL





REGISTERED NUMBER: 07868270 (England and Wales)





AUDITORS: McMillan & Co LLP
Chartered Accountants and
Statutory Auditor
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

F.B.S. Holdings (UK) Limited (Registered number: 07868270)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 17,253 30,495
Investments 6 740,000 740,000
757,253 770,495

CURRENT ASSETS
Debtors 7 76,107 31,107
Cash at bank 15,720 30,811
91,827 61,918
CREDITORS
Amounts falling due within one year 8 19,724 18,293
NET CURRENT ASSETS 72,103 43,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

829,356

814,120

PROVISIONS FOR LIABILITIES 10 2,231 5,312
NET ASSETS 827,125 808,808

CAPITAL AND RESERVES
Called up share capital 11 740,000 740,000
Retained earnings 87,125 68,808
SHAREHOLDERS' FUNDS 827,125 808,808

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 11 September 2024 and were signed on its behalf by:





A Kershaw - Director


F.B.S. Holdings (UK) Limited (Registered number: 07868270)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

F.B.S. Holdings (UK) 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 (£).


Monetary amounts in these financial statements have been rounded to the nearest £1.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about F.B.S. Holdings (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
The turnover shown in the profit and loss account represents income from the rental of plant. Income is recognised in the period to which the rental agreement relates.

Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery -10% to 50% Straight line
Fixtures and fittings -10% to 50% Straight line


Investments in subsidiaries
Fixed asset investments are stated at cost less provision for diminution in value.

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.


F.B.S. Holdings (UK) Limited (Registered number: 07868270)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. ACCOUNTING POLICIES - continued
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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 124,778 123,719 248,497
DEPRECIATION
At 1 January 2023 94,483 123,519 218,002
Charge for year 13,115 127 13,242
At 31 December 2023 107,598 123,646 231,244
NET BOOK VALUE
At 31 December 2023 17,180 73 17,253
At 31 December 2022 30,295 200 30,495

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 740,000
NET BOOK VALUE
At 31 December 2023 740,000
At 31 December 2022 740,000

F.B.S. Holdings (UK) Limited (Registered number: 07868270)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed by group undertakings 76,107 31,107

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts - 432
Amounts owed to group undertakings 8,500 8,500
Corporation tax 7,769 6,718
Social security and other taxes - 1,565
VAT 1,868 -
Other creditors 1,587 1,078
19,724 18,293

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts - 432

Hire purchase liabilities are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax
Accelerated capital allowances 2,231 5,312

Deferred tax
£
Balance at 1 January 2023 5,312
Provided during year (3,081 )
Balance at 31 December 2023 2,231

Following the enactment of Finance Act 2021, deferred tax has been provided at 25%.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
739,998 Ordinary A £1 739,998 739,998
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
740,000 740,000

F.B.S. Holdings (UK) Limited (Registered number: 07868270)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil McMillan FCA (Senior Statutory Auditor)
for and on behalf of McMillan & Co LLP

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14. ULTIMATE CONTROLLING PARTY

The ultimate parent company is GTA Laboratories Limited. The company is ultimately controlled by the directors of parent company GTA Laboratories Limited.