IRIS Accounts Production v24.2.0.383 05256963 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary Shares A 1.00000 Ordinary Shares B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052569632023-03-31052569632024-03-31052569632023-04-012024-03-31052569632022-03-31052569632022-04-012023-03-31052569632023-03-3105256963ns15:EnglandWales2023-04-012024-03-3105256963ns14:PoundSterling2023-04-012024-03-3105256963ns10:Director12023-04-012024-03-3105256963ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105256963ns10:SmallEntities2023-04-012024-03-3105256963ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105256963ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105256963ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105256963ns10:FullAccounts2023-04-012024-03-3105256963ns10:OrdinaryShareClass12023-04-012024-03-3105256963ns10:OrdinaryShareClass22023-04-012024-03-3105256963ns10:Director22023-04-012024-03-3105256963ns10:CompanySecretary12023-04-012024-03-3105256963ns10:RegisteredOffice2023-04-012024-03-3105256963ns5:CurrentFinancialInstruments2024-03-3105256963ns5:CurrentFinancialInstruments2023-03-3105256963ns5:ShareCapital2024-03-3105256963ns5:ShareCapital2023-03-3105256963ns5:RetainedEarningsAccumulatedLosses2024-03-3105256963ns5:RetainedEarningsAccumulatedLosses2023-03-3105256963ns5:PlantMachinery2023-04-012024-03-3105256963ns5:ComputerEquipment2023-04-012024-03-3105256963ns5:PlantMachinery2023-03-3105256963ns5:ComputerEquipment2023-03-3105256963ns5:PlantMachinery2024-03-3105256963ns5:ComputerEquipment2024-03-3105256963ns5:PlantMachinery2023-03-3105256963ns5:ComputerEquipment2023-03-3105256963ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105256963ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105256963ns10:OrdinaryShareClass12024-03-3105256963ns10:OrdinaryShareClass22024-03-31052569631ns10:Director12023-03-31052569631ns10:Director12022-03-31052569631ns10:Director12023-04-012024-03-31052569631ns10:Director12022-04-012023-03-31052569631ns10:Director12024-03-31052569631ns10:Director12023-03-3105256963ns10:Director222023-03-3105256963ns10:Director222022-03-3105256963ns10:Director222023-04-012024-03-3105256963ns10:Director222022-04-012023-03-3105256963ns10:Director222024-03-3105256963ns10:Director222023-03-31
REGISTERED NUMBER: 05256963 (England and Wales)















FCS ASSOCIATES LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






FCS ASSOCIATES LTD (REGISTERED NUMBER: 05256963)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FCS ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs R S Fletcher
A L Sorsby





SECRETARY: A L Sorsby





REGISTERED OFFICE: Suite 6, Alison Business centre
Alison Crescent
Sheffield
South Yorkshire
S2 1AS





REGISTERED NUMBER: 05256963 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

FCS ASSOCIATES LTD (REGISTERED NUMBER: 05256963)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,353 1,447

CURRENT ASSETS
Debtors 5 47,869 61,910
Cash at bank 149,377 181,300
197,246 243,210
CREDITORS
Amounts falling due within one year 6 55,186 79,273
NET CURRENT ASSETS 142,060 163,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,413

165,384

PROVISIONS FOR LIABILITIES 637 428
NET ASSETS 144,776 164,956

CAPITAL AND RESERVES
Called up share capital 7 125 125
Retained earnings 144,651 164,831
SHAREHOLDERS' FUNDS 144,776 164,956

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FCS ASSOCIATES LTD (REGISTERED NUMBER: 05256963)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





Mrs R S Fletcher - Director


FCS ASSOCIATES LTD (REGISTERED NUMBER: 05256963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

FCS Associates Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FCS ASSOCIATES LTD (REGISTERED NUMBER: 05256963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 - 1,770 1,770
Additions 542 2,047 2,589
At 31 March 2024 542 3,817 4,359
DEPRECIATION
At 1 April 2023 - 323 323
Charge for year 59 624 683
At 31 March 2024 59 947 1,006
NET BOOK VALUE
At 31 March 2024 483 2,870 3,353
At 31 March 2023 - 1,447 1,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 28,508 42,491
Other debtors 19,361 19,419
47,869 61,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,243 6,584
Taxation and social security 19,139 21,810
VAT 16,891 26,107
Other creditors 17,913 24,772
55,186 79,273

FCS ASSOCIATES LTD (REGISTERED NUMBER: 05256963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary Shares A £1 100 100

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
25 Share capital 2 £1 25 25

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mrs R S Fletcher
Balance outstanding at start of year 2,033 -
Amounts advanced 5,385 2,033
Amounts repaid (3,156 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,262 2,033

A L Sorsby
Balance outstanding at start of year 2,756 -
Amounts advanced 5,090 2,756
Amounts repaid (3,156 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,690 2,756

The loans detailed above are unsecured and interest free.