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REGISTERED NUMBER: 09768345 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr M J Batty
Mrs J S Batty
Mr A Batty
Mr Z Ryan



REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



REGISTERED NUMBER: 09768345 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank plc
26 Market Hill
Barnsley
South Yorkshire
S70 2QE

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183,992 171,478

CURRENT ASSETS
Debtors 5 84,789 51,558
Cash at bank 18,204 29,168
102,993 80,726
CREDITORS
Amounts falling due within one year 6 233,929 183,525
NET CURRENT LIABILITIES (130,936 ) (102,799 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,056

68,679

CREDITORS
Amounts falling due after more than
one year

7

(14,407

)

(27,859

)

PROVISIONS FOR LIABILITIES (32,769 ) (30,391 )
NET ASSETS 5,880 10,429

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 5,780 10,329
SHAREHOLDERS' FUNDS 5,880 10,429

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 22 January 2025 and were signed on its behalf by:





Mrs J S Batty - Director


FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Fountain Developments & Construction 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a transaction can be estimated reliably, turnover from the rendering of services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery- 20% reducing balance
Fixtures and fittings- 20% reducing balance
Motor vehicles- 25% reducing balance
Computer equipment- 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 133,145 6,211 145,535 3,251 288,142
Additions 9,000 18,374 26,750 - 54,124
At 30 September 2024 142,145 24,585 172,285 3,251 342,266
DEPRECIATION
At 1 October 2023 55,485 2,366 55,870 2,943 116,664
Charge for year 16,238 1,938 23,314 120 41,610
At 30 September 2024 71,723 4,304 79,184 3,063 158,274
NET BOOK VALUE
At 30 September 2024 70,422 20,281 93,101 188 183,992
At 30 September 2023 77,660 3,845 89,665 308 171,478

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 21,750 127,540 149,290
Additions - 26,750 26,750
At 30 September 2024 21,750 154,290 176,040
DEPRECIATION
At 1 October 2023 2,522 39,972 42,494
Charge for year 3,846 22,790 26,636
At 30 September 2024 6,368 62,762 69,130
NET BOOK VALUE
At 30 September 2024 15,382 91,528 106,910
At 30 September 2023 19,228 87,568 106,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 72,682 35,127
VAT 12,107 12,858
Prepayments and accrued income - 3,573
84,789 51,558

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 31,239 49,038
Trade creditors 51,682 96,317
Corporation tax 46,548 28,467
Social security and other taxes 4,320 (1,539 )
Other creditors 9,519 5,824
Directors' current accounts 87,921 2,818
Accruals and deferred income 2,700 2,600
233,929 183,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 14,407 27,859

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Hire purchase contracts 45,646 76,897

The debt is secured on the asset to which it relates.

FOUNTAIN DEVELOPMENTS & CONSTRUCTION
LIMITED (REGISTERED NUMBER: 09768345)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
40 A Ordinary £1 40 40
40 B Ordinary £1 40 40
10 C Ordinary £1 10 10
10 D Ordinary £1 10 10
100 100