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REGISTERED NUMBER: 04131810 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

FK RESTORATION LIMITED

FK RESTORATION LIMITED (REGISTERED NUMBER: 04131810)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FK RESTORATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: A P Stewart-Jones





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 04131810 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

FK RESTORATION LIMITED (REGISTERED NUMBER: 04131810)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,256 180,539
Investment property 5 630,000 630,000
764,256 810,539

CURRENT ASSETS
Stocks 192,162 322,346
Debtors 6 965,342 1,651,399
Cash at bank 664,563 524,192
1,822,067 2,497,937
CREDITORS
Amounts falling due within one year 7 1,536,425 2,500,344
NET CURRENT ASSETS/(LIABILITIES) 285,642 (2,407 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,049,898 808,132

CREDITORS
Amounts falling due after more than one
year

8

(205,800

)

(258,699

)

PROVISIONS FOR LIABILITIES (31,954 ) (15,717 )
NET ASSETS 812,144 533,716

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 812,042 533,614
SHAREHOLDERS' FUNDS 812,144 533,716

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

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

The director acknowledges his 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.

FK RESTORATION LIMITED (REGISTERED NUMBER: 04131810)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 31st October 2024 and were signed by:





A P Stewart-Jones - Director


FK RESTORATION LIMITED (REGISTERED NUMBER: 04131810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

FK Restoration 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.

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 as modified by the revaluation of certain assets.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

FK RESTORATION LIMITED (REGISTERED NUMBER: 04131810)

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

2. ACCOUNTING POLICIES - continued

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 23 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2023 188,056 312,783 58,653 559,492
Additions - - 8,487 8,487
Disposals - (152,818 ) - (152,818 )
At 31st January 2024 188,056 159,965 67,140 415,161
DEPRECIATION
At 1st February 2023 148,467 197,630 32,856 378,953
Charge for year 7,918 24,292 4,576 36,786
Eliminated on disposal - (134,834 ) - (134,834 )
At 31st January 2024 156,385 87,088 37,432 280,905
NET BOOK VALUE
At 31st January 2024 31,671 72,877 29,708 134,256
At 31st January 2023 39,589 115,153 25,797 180,539

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1st February 2023
and 31st January 2024 630,000
NET BOOK VALUE
At 31st January 2024 630,000
At 31st January 2023 630,000

Cost or valuation at 31st January 2024 is represented by:
£   
Valuation in 2023 30,487
Cost 599,513
630,000

FK RESTORATION LIMITED (REGISTERED NUMBER: 04131810)

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

5. INVESTMENT PROPERTY - continued

If the Public House had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 599,513 599,513

Public House was valued on an open market basis on 31st October 2021 by Pinders .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 352,213 1,054,439
Amounts owed by associates 356,171 305,561
Other debtors 256,958 291,399
965,342 1,651,399

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,200 36,000
Hire purchase contracts 27,191 27,191
Trade creditors 377,738 1,222,736
Amounts owed to associates 241,486 236,895
Taxation and social security 387,994 384,834
Other creditors 476,816 592,688
1,536,425 2,500,344

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 196,254 224,824
Hire purchase contracts 9,546 33,875
205,800 258,699

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, included within other debtors was £56,746 (2023 £51,234) due from the director.

10. RELATED PARTY DISCLOSURES

At the balance sheet date, included within other debtors was £55,202 (2023 £55,974) due from Flightkam Ltd and £300,969 (2023 £249,587) due from FK Inns Ltd, both are companies in which A P Stewart-Jones is a director and shareholder in. Included within other creditors, amounts falling due within one year was £241,485 (2023 £236,895) due to Futurekleen Ltd a company in which A P Stewart-Jones is a director and shareholder in.

11. ULTIMATE CONTROLLING PARTY

The controlling party is A P Stewart-Jones.