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REGISTERED NUMBER: 02441111 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 JANUARY 2024

FOR

FIRBECK CONSTRUCTION LTD

FIRBECK CONSTRUCTION LTD (REGISTERED NUMBER: 02441111)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 5 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIRBECK CONSTRUCTION LTD

COMPANY INFORMATION
for the Year Ended 5 January 2024







DIRECTORS: L J Barry
M King





REGISTERED OFFICE: 7 Lawn Court
Carlton In Lindrick
Worksop
Nottinghamshire
S81 9ED





REGISTERED NUMBER: 02441111 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

FIRBECK CONSTRUCTION LTD (REGISTERED NUMBER: 02441111)

BALANCE SHEET
5 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,324 60,960

CURRENT ASSETS
Stocks 1,441 1,484
Debtors 5 422,868 449,587
Cash at bank and in hand 264,180 77,284
688,489 528,355
CREDITORS
Amounts falling due within one year 6 486,840 316,677
NET CURRENT ASSETS 201,649 211,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,973

272,638

CREDITORS
Amounts falling due after more than one
year

7

(56,820

)

(50,300

)

PROVISIONS FOR LIABILITIES (22,101 ) (1,053 )
NET ASSETS 229,052 221,285

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 228,952 221,185
SHAREHOLDERS' FUNDS 229,052 221,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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.

FIRBECK CONSTRUCTION LTD (REGISTERED NUMBER: 02441111)

BALANCE SHEET - continued
5 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 27 November 2024 and were signed on its behalf by:





L J Barry - Director


FIRBECK CONSTRUCTION LTD (REGISTERED NUMBER: 02441111)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 5 January 2024

1. STATUTORY INFORMATION

Firbeck Construction 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.

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 represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Straight line over life of lease
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

FIRBECK CONSTRUCTION LTD (REGISTERED NUMBER: 02441111)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5 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.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6 January 2023 125,191 418,374 543,565
Additions - 76,117 76,117
At 5 January 2024 125,191 494,491 619,682
DEPRECIATION
At 6 January 2023 125,191 357,414 482,605
Charge for year - 30,753 30,753
At 5 January 2024 125,191 388,167 513,358
NET BOOK VALUE
At 5 January 2024 - 106,324 106,324
At 5 January 2023 - 60,960 60,960

The net value of assets purchased under hire purchase agreements is £47,325 (December 2022:£28,110)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 291,490 325,385
Amounts owed by group undertakings 95,742 95,742
Other debtors 35,636 28,460
422,868 449,587

FIRBECK CONSTRUCTION LTD (REGISTERED NUMBER: 02441111)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,820 7,605
Trade creditors 159,236 200,830
Tax (2,952 ) 6,981
Social security and other taxes 69,508 25,844
Other creditors 1,411 4,031
Accruals and deferred income 235,817 61,386
486,840 316,677

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 14,167 24,167
Hire purchase contracts 42,653 26,133
56,820 50,300

8. RELATED PARTY DISCLOSURES

The following balances subsist with the parent company, Firbeck Holdings Ltd, - debtor £95,742. This balance is not subject to interest and is repayable under no specific terms.