2023-01-01 04947010 2023-12-31 04947010 2023-01-01 2023-12-31 04947010 2022-12-31 04947010 2022-01-01 2022-12-31 04947010 uk-core:WithinOneYear 2022-12-31 04947010 uk-core:WithinOneYear 2023-12-31 04947010 uk-core:AfterOneYear 2022-12-31 04947010 uk-core:AfterOneYear 2023-12-31 04947010 uk-core:ShareCapital 2023-12-31 04947010 uk-core:ShareCapital 2022-12-31 04947010 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 04947010 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 04947010 uk-bus:Director1 2023-01-01 2023-12-31 04947010 uk-core:PlantMachinery 2023-01-01 2023-12-31 04947010 uk-core:CommercialMotorVehicles 2023-01-01 2023-12-31 04947010 uk-core:FurnitureFittings 2023-01-01 2023-12-31 04947010 uk-core:FurnitureFittings 2022-12-31 04947010 uk-core:CommercialMotorVehicles 2022-12-31 04947010 uk-core:PlantMachinery 2022-12-31 04947010 uk-core:PlantMachinery 2023-12-31 04947010 uk-core:CommercialMotorVehicles 2023-12-31 04947010 uk-core:FurnitureFittings 2023-12-31 iso4217:GBP xbrli:pure 04947010 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04947010 uk-bus:FRS102 2023-01-01 2023-12-31 04947010 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 04947010 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Friends Building Contractors Limited
Registered Number:04947010
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Friends Building Contractors Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04947010
As at 31 December 2023
Friends Building Contractors Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
28,869
38,351
2
28,869
38,351
Current assets
Inventories
42,295
67,560
3
Trade and other receivables
33,756
44,468
4
98,667
Cash and cash equivalents
129,315
241,343
174,718
Trade and other payables: amounts falling due within one
year
(128,294)
(143,928)
5
46,424
97,415
Net current assets
Total assets less current liabilities
126,284
84,775
Trade and other payables: amounts falling due after more
than one year
(48,997)
(33,274)
6
93,010
Net assets
35,778
Capital and reserves
Called up share capital
2
2
Retained earnings
93,008
35,776
93,010
35,778
Shareholders' funds
For the year ended 31 December 2023 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Avtar Jheeta Director
These financial statements were approved and authorised for issue by the Board on 24 December 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Friends Building Contractors Limited
Notes to the Financial Statements
Statutory Information
Friends Building Contractors Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04947010.
Registered address:
596A Romford Road
Manor Park
London
E12 5AF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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5
For the year ended 31 December 2023
Friends Building Contractors Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 January 2023
99,492
4,197
82,936
12,359
At 31 December 2023
12,359
82,936
4,197
99,492
Provision for depreciation and impairment
At 01 January 2023
61,141
3,650
45,635
11,856
Charge for year
9,482
82
9,325
75
At 31 December 2023
70,623
3,732
54,960
11,931
At 31 December 2023
Net book value
428
27,976
465
28,869
At 31 December 2022
503
37,301
547
38,351
3. Inventories
2022
2023
£
£
Stocks
67,560
42,295
4. Trade and other receivables
2022
2023
£
£
Trade debtors
31,044
23,870
Other debtors
13,424
9,886
33,756
44,468
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
74,396
63,421
Taxation and social security
8,932
15,552
Other creditors
60,600
49,321
143,928
128,294
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6
For the year ended 31 December 2023
Friends Building Contractors Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
33,274
48,997
7. Average number of persons employed
During the year the average number of employees was 7 (2022 : 7)
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