Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06556690 Mr Themistokli Christodoulou Mr Stelios Christodoulou iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06556690 2022-12-31 06556690 2023-12-31 06556690 2023-01-01 2023-12-31 06556690 frs-core:CurrentFinancialInstruments 2023-12-31 06556690 frs-core:Non-currentFinancialInstruments 2023-12-31 06556690 frs-core:MotorVehicles 2023-12-31 06556690 frs-core:MotorVehicles 2023-01-01 2023-12-31 06556690 frs-core:MotorVehicles 2022-12-31 06556690 frs-core:PlantMachinery 2023-12-31 06556690 frs-core:PlantMachinery 2023-01-01 2023-12-31 06556690 frs-core:PlantMachinery 2022-12-31 06556690 frs-core:ShareCapital 2023-12-31 06556690 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06556690 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06556690 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06556690 frs-bus:SmallEntities 2023-01-01 2023-12-31 06556690 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06556690 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06556690 frs-bus:Director1 2023-01-01 2023-12-31 06556690 frs-bus:Director1 2022-12-31 06556690 frs-bus:Director1 2023-12-31 06556690 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06556690 frs-countries:EnglandWales 2023-01-01 2023-12-31 06556690 2021-12-31 06556690 2022-12-31 06556690 2022-01-01 2022-12-31 06556690 frs-core:CurrentFinancialInstruments 2022-12-31 06556690 frs-core:Non-currentFinancialInstruments 2022-12-31 06556690 frs-core:ShareCapital 2022-12-31 06556690 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06556690
FEM PLUMBING & HEATING SERVICES LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
ELM Partners
Chartered Certified Accountants & Registered Auditors
Southgate Offie Village
286a Chase Road
Soutghate
London
N14 6HF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06556690
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,212 10,236
9,212 10,236
CURRENT ASSETS
Stocks 5 1,991 1,448
Debtors 6 30,334 17,850
Cash at bank and in hand 4,414 7,159
36,739 26,457
Creditors: Amounts Falling Due Within One Year 7 (39,567 ) (26,491 )
NET CURRENT ASSETS (LIABILITIES) (2,828 ) (34 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,384 10,202
Creditors: Amounts Falling Due After More Than One Year 8 (6,001 ) (10,001 )
NET ASSETS 383 201
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 283 101
SHAREHOLDERS' FUNDS 383 201
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Themistokli Christodoulou
Director
24/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
FEM PLUMBING & HEATING SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06556690 . The registered office is Southgate Office Village, 286a Chase Road, Southgate, London, N14 6HF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% on a reducing balance method
Motor Vehicles 10% on a reducing balance method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Corporaiton tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 9,510 12,468 21,978
As at 31 December 2023 9,510 12,468 21,978
Depreciation
As at 1 January 2023 5,033 6,709 11,742
Provided during the period 448 576 1,024
As at 31 December 2023 5,481 7,285 12,766
Net Book Value
As at 31 December 2023 4,029 5,183 9,212
As at 1 January 2023 4,477 5,759 10,236
5. Stocks
2023 2022
£ £
Stock 1,991 1,448
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,340 17,705
Prepayments and accrued income 160 145
Other debtors 6,079 -
Director's loan account 17,755 -
30,334 17,850
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,350 2,816
Bank loans and overdrafts 4,000 4,000
Corporation tax 21,990 10,187
Other taxes and social security 10,517 7,718
Accruals and deferred income 1,710 1,494
Director's loan account - 276
39,567 26,491
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 6,001 10,001
Included in loans is a Bounce Back Loan amounting to £20,000 that was advanced in June 2020. The government guaranteed 100% of the loan and there were no fees or interest to pay for the first 12 months. After 12 months, the loan interest is fixed at a cap of 2.5% per year and the loan can be repaid at any time before its full term of 6 years. The balance remaining on the loan as at the end of the financial year is £10,001.
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Themistokli Christodoulou (276 ) 41,531 (23,500 ) - 17,755
The above loan is unsecured and repayable on demand. 
11. Related Party Transactions
Included in debtors amount falling due with in one year is an amount of £17,755 (2022: £276 due to) due from Mr T Christodoulou, director of the company. Interest was charged on the overdrawn loan account at the official interest rate.
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