Registered number
12321787
F&M Build Design Limited
Filleted Accounts
30 November 2023
F&M Build Design Limited
Registered number: 12321787
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Stocks 152,540 -
Debtors 3 (18,360) 88,045
Cash at bank and in hand 77,661 73,703
211,841 161,748
Creditors: amounts falling due within one year 4 (139,749) (74,241)
Net current assets 72,092 87,507
Total assets less current liabilities 72,092 87,507
Creditors: amounts falling due after more than one year 5 (45,472) (48,946)
Net assets 26,620 38,561
Capital and reserves
Called up share capital 10 10
Profit and loss account 26,610 38,551
Shareholder's funds 26,620 38,561
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Munn
Director
Approved by the board on 31 October 2024
F&M Build Design Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors consider the going concern basis to be appropriate because in their opinion, the company will continue to obtain sufficient funding to enable it to pay its debts as they fall due and also will receive continuing support from its shareholders. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide for further liabilities that may arise.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Debtors 2023 2022
£ £
Trade debtors (40,902) -
Other debtors 22,542 88,045
(18,360) 88,045
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,230 1,096
Trade creditors 14,156 3,814
Taxation and social security costs 117,865 64,182
Other creditors 4,498 5,149
139,749 74,241
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 45,472 48,946
6 Related party transactions
Other debtors at the year end includes £22,542 (2022: £28,045) due from the director and payable on demand. It is the intention of the director to repay the amount within nine months of the year end.
7 Controlling party
The ultimate controlling party is Mr Robert Munn by virtue of his holding 100% shares in company.
8 Other information
F&M Build Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
317 Horn Lane
London
W3 0BU
F&M Build Design Limited 12321787 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 Robert Munn No description of principal activity 12321787 2021-12-01 2022-11-30 12321787 core:WithinOneYear 2022-11-30 12321787 core:AfterOneYear 2022-11-30 12321787 core:ShareCapital 2022-11-30 12321787 core:RetainedEarningsAccumulatedLosses 2022-11-30 12321787 2022-12-01 2023-11-30 12321787 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12321787 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12321787 bus:Director40 2022-12-01 2023-11-30 12321787 1 2022-12-01 2023-11-30 12321787 2 2022-12-01 2023-11-30 12321787 countries:England 2022-12-01 2023-11-30 12321787 bus:FRS102 2022-12-01 2023-11-30 12321787 bus:FilletedAccounts 2022-12-01 2023-11-30 12321787 2023-11-30 12321787 core:WithinOneYear 2023-11-30 12321787 core:AfterOneYear 2023-11-30 12321787 core:ShareCapital 2023-11-30 12321787 core:RetainedEarningsAccumulatedLosses 2023-11-30 12321787 2022-11-30 iso4217:GBP xbrli:pure