Registered number
13894715
FAC Construction Ltd
Filleted Accounts
29 February 2024
FAC Construction Ltd
Registered number: 13894715
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,892 7,193
Current assets
Debtors 4 26,360 7,006
Cash at bank and in hand 23,788 14,421
50,148 21,427
Creditors: amounts falling due within one year 5 (45,804) (59,579)
Net current assets/(liabilities) 4,344 (38,152)
Net assets/(liabilities) 9,236 (30,959)
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,235 (30,960)
Shareholder's funds 9,236 (30,959)
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.
F Clarke
Director
Approved by the board on 28 November 2024
FAC Construction Ltd
Notes to the Accounts
for the year ended 29 February 2024
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).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 291 9,203 9,494
At 29 February 2024 291 9,203 9,494
Depreciation
At 1 March 2023 - 2,301 2,301
Charge for the year - 2,301 2,301
At 29 February 2024 - 4,602 4,602
Net book value
At 29 February 2024 291 4,601 4,892
At 28 February 2023 291 6,902 7,193
4 Debtors 2024 2023
£ £
Trade debtors 4,461 7,006
Other debtors 21,899 -
26,360 7,006
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 19,621 35,124
Taxation and social security costs 18,437 2,720
Other creditors 7,746 21,735
45,804 59,579
6 Other information
FAC Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
129b High Street
Stevenage
Herts
SG1 3HS
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