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REGISTERED NUMBER: 11269768 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

FCSL Engineering Limited

FCSL Engineering Limited (Registered number: 11269768)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FCSL Engineering Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: N W Whitehouse
D R Bartlett
C Hampton
M Smith





REGISTERED OFFICE: Calibration House
17-19 Cecil Pashley Way
Shoreham
BN43 5FF





REGISTERED NUMBER: 11269768 (England and Wales)





AUDITORS: OPPENHEIMS Chartered Accountants
Statutory Auditors
Springfield
Cox Green Lane
Maidenhead
Berkshire
SL6 3EY

FCSL Engineering Limited (Registered number: 11269768)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
CURRENT ASSETS
Debtors 4 12,400 13,498
Prepayments and accrued income - 848
Cash at bank 288 473
12,688 14,819
CREDITORS
Amounts falling due within one year 5 110,823 159,146
NET CURRENT LIABILITIES (98,135 ) (144,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(98,135

)

(144,327

)

CREDITORS
Amounts falling due after more than one
year

6

467,465

406,513
NET LIABILITIES (565,600 ) (550,840 )

RESERVES
Retained earnings (565,600 ) (550,840 )
SHAREHOLDERS' FUNDS (565,600 ) (550,840 )

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 25 November 2024 and were signed on its behalf by:





C Hampton - Director


FCSL Engineering Limited (Registered number: 11269768)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

FCSL Engineering 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.

The financial statements have been prepared according to the going concern basis on the grounds that the Company will be able to pay its debts as they become due for a period of not less than 12 months from the issuing of these statements.

These financial statements are presented in GBP rounded to no pence.

Revenue recognition
Turnover is recognised at the fair value of the consideration received or receivable for maintenance and hangarage services, net of discounts and Value Added Tax. Revenue is recognised when the service provision is completed, the amount of revenue can be measured reliably, it is probable that the associated economic benefit will flow to the Company and the costs incurred providing the service can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 only recognised in respect of timing differences that have originated but not reversed at the balance sheet date if the provision is likely to reverse in the foreseeable future.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

FCSL Engineering Limited (Registered number: 11269768)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 2,944 2,944
Other debtors 9,456 10,554
12,400 13,498

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security - 30,342
Other creditors 110,823 128,804
110,823 159,146

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Amounts owed to group undertakings 467,465 406,513

Amounts due to Flight Calibration Services Limited are interest free and not due for settlement within the next 12 months.

7. FINANCIAL INSTRUMENTS

The company only has financial assets and liabilities of a kind which qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently at their settlement value.

Debtors
Short term debtors are measured at the transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, less any impairment.

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
10,000 Share capital 1 1.00 - -

The issued share capital is unpaid.

FCSL Engineering Limited (Registered number: 11269768)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

N S Oppenheim (Senior Statutory Auditor)
for and on behalf of OPPENHEIMS Chartered Accountants

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE HOLDING COMPANY

The controlling party is Flight Calibration Services Limited.

The ultimate controlling party is Literacy Capital plc.