Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08248993 Ms Fiona Barratt-Campbell Mr Sulzeer Campbell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08248993 2022-12-31 08248993 2023-12-31 08248993 2023-01-01 2023-12-31 08248993 frs-core:Non-currentFinancialInstruments 2023-12-31 08248993 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08248993 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 08248993 frs-core:MotorVehicles 2023-01-01 2023-12-31 08248993 frs-core:PlantMachinery 2023-01-01 2023-12-31 08248993 frs-core:ShareCapital 2023-12-31 08248993 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08248993 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08248993 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 08248993 frs-bus:SmallEntities 2023-01-01 2023-12-31 08248993 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08248993 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08248993 frs-bus:Director1 2023-01-01 2023-12-31 08248993 frs-bus:Director2 2023-01-01 2023-12-31 08248993 frs-countries:EnglandWales 2023-01-01 2023-12-31 08248993 2021-12-31 08248993 2022-12-31 08248993 2022-01-01 2022-12-31 08248993 frs-core:Non-currentFinancialInstruments 2022-12-31 08248993 frs-core:ShareCapital 2022-12-31 08248993 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08248993
FBC London LTD
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08248993
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,545 68,728
51,545 68,728
CURRENT ASSETS
Stocks 229,881 215,105
Debtors 548,911 145,962
Cash at bank and in hand 233,083 75,194
1,011,875 436,261
Creditors: Amounts Falling Due Within One Year (418,774 ) (195,662 )
NET CURRENT ASSETS (LIABILITIES) 593,101 240,599
TOTAL ASSETS LESS CURRENT LIABILITIES 644,646 309,327
Creditors: Amounts Falling Due After More Than One Year (1,899,803 ) (1,817,071 )
NET LIABILITIES (1,255,157 ) (1,507,744 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account (1,255,158 ) (1,507,745 )
SHAREHOLDERS' FUNDS (1,255,157) (1,507,744)
Page 1
Page 2
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Fiona Barratt-Campbell
Director
25/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
FBC London LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08248993 . The registered office is 66 Pimlico Road, London, SW1W 8LS.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Leasehold 25% Reducing balance
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 821,534
As at 31 December 2023 821,534
Depreciation
As at 1 January 2023 752,806
Provided during the period 17,183
As at 31 December 2023 769,989
Net Book Value
As at 31 December 2023 51,545
As at 1 January 2023 68,728
Page 3
Page 4
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4