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REGISTERED NUMBER: 08814338 (England and Wales)















FPWM LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






FPWM LIMITED (REGISTERED NUMBER: 08814338)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FPWM LIMITED

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: Mrs C L Verity
Mrs R C Brook





REGISTERED OFFICE: Meal Hill House
Sheffield Road
Jackson Bridge
Holmfirth
West Yorkshire
HD9 7HS





REGISTERED NUMBER: 08814338 (England and Wales)





ACCOUNTANTS: SMH Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

FPWM LIMITED (REGISTERED NUMBER: 08814338)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,418 9,957
2,418 9,957

CURRENT ASSETS
Stocks 5,706 -
Debtors 6 450,128 540,433
Cash at bank 146,719 95,870
602,553 636,303
CREDITORS
Amounts falling due within one year 7 (445,180 ) (482,589 )
NET CURRENT ASSETS 157,373 153,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,791

163,671

CREDITORS
Amounts falling due after more than one
year

8

(13,950

)

(24,111

)

PROVISIONS FOR LIABILITIES 11 (600 ) (2,479 )
NET ASSETS 145,241 137,081

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 145,141 136,981
SHAREHOLDERS' FUNDS 145,241 137,081

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

FPWM LIMITED (REGISTERED NUMBER: 08814338)

BALANCE SHEET - continued
31 January 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 21 October 2024 and were signed on its behalf by:




Mrs R C Brook - Director



Mrs C L Verity - Director


FPWM LIMITED (REGISTERED NUMBER: 08814338)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024


1. STATUTORY INFORMATION

FPWM 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 is recognised, net of value added tax, when services are completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks represent the value of uninvoiced work in progress at the accounting date. It is recognised, net of value added tax, at the point at which the work was completed.

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.

FPWM LIMITED (REGISTERED NUMBER: 08814338)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 20,000
AMORTISATION
At 1 February 2023
and 31 January 2024 20,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2023 21,375 7,273 28,648
Additions - 1,665 1,665
At 31 January 2024 21,375 8,938 30,313
DEPRECIATION
At 1 February 2023 14,250 4,441 18,691
Charge for year 7,125 2,079 9,204
At 31 January 2024 21,375 6,520 27,895
NET BOOK VALUE
At 31 January 2024 - 2,418 2,418
At 31 January 2023 7,125 2,832 9,957

FPWM LIMITED (REGISTERED NUMBER: 08814338)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 434,433 526,542
Other debtors 15,695 13,891
450,128 540,433

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,162 9,911
Trade creditors 282,152 270,008
Taxation and social security 74,317 80,810
Other creditors 78,549 121,860
445,180 482,589

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,950 24,111

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 24,112 34,022

The bank loan is one that is secured by a Government backed initiative.

FPWM LIMITED (REGISTERED NUMBER: 08814338)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


10. FINANCIAL INSTRUMENTS

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, and accruals are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 600 2,479

Deferred
tax
£   
Balance at 1 February 2023 2,479
Credit to Income Statement during year (1,879 )
Balance at 31 January 2024 600

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loans are repayable on demand and are being charged a commercial rate of interest.

14. RELATED PARTY DISCLOSURES

At 31st January 2024 £66,144 (in 2023 £30,291 was owed to the company) was owed to the directors by way of a director's loan account.