Company Registration No. 11778636 (England and Wales)
Fsb Properties Ltd
Unaudited accounts
for the year ended 31 January 2024
Fsb Properties Ltd
Unaudited accounts
Contents
Fsb Properties Ltd
Company Information
for the year ended 31 January 2024
Directors
Mr Uriah Brayer
Mrs Vicky Freese-Brayer
Company Number
11778636 (England and Wales)
Registered Office
TY CARREG, BROAD CLOSE LANE, MOULTON
MOULTON
BARRY
CF62 3AB
UNITED KINGDOM
Accountants
Accounting Wise Ltd
3 The Carriages
Station Road
Ware
Hertfordshire
SG129PL
Fsb Properties Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
5,643
7,325
Inventories
360,450
201,000
Cash at bank and in hand
27,143
38,598
Creditors: amounts falling due within one year
(398,971)
(257,145)
Net current liabilities
(6,290)
(15,047)
Total assets less current liabilities
(647)
(7,722)
Creditors: amounts falling due after more than one year
(18,661)
(21,809)
Provisions for liabilities
Deferred tax
(1,072)
(1,392)
Net liabilities
(20,380)
(30,923)
Called up share capital
2
2
Profit and loss account
(20,382)
(30,925)
Shareholders' funds
(20,380)
(30,923)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr Uriah Brayer
Director
Company Registration No. 11778636
Fsb Properties Ltd
Notes to the Accounts
for the year ended 31 January 2024
Fsb Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11778636. The registered office is TY CARREG, BROAD CLOSE LANE, MOULTON, MOULTON, BARRY, CF62 3AB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Computer equipment
33% Reducing Balance Method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
2,307
11,700
974
14,981
At 31 January 2024
2,307
11,700
1,231
15,238
At 1 February 2023
1,432
5,530
694
7,656
Charge for the year
289
1,543
107
1,939
At 31 January 2024
1,721
7,073
801
9,595
At 31 January 2024
586
4,627
430
5,643
At 31 January 2023
875
6,170
280
7,325
Fsb Properties Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,717
3,797
Trade creditors
2,729
3,900
Other creditors
371,119
99,728
Loans from directors
20,229
145,549
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).