4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 33,000 33,000 xbrli:pure xbrli:shares iso4217:GBP 05763683 2023-05-01 2024-04-30 05763683 2024-04-30 05763683 2023-04-30 05763683 2022-05-01 2023-04-30 05763683 2023-04-30 05763683 2022-04-30 05763683 core:NetGoodwill 2023-05-01 2024-04-30 05763683 core:PlantMachinery 2023-05-01 2024-04-30 05763683 core:MotorVehicles 2023-05-01 2024-04-30 05763683 bus:Director1 2023-05-01 2024-04-30 05763683 core:NetGoodwill 2024-04-30 05763683 core:PlantMachinery 2023-04-30 05763683 core:MotorVehicles 2023-04-30 05763683 core:PlantMachinery 2024-04-30 05763683 core:MotorVehicles 2024-04-30 05763683 core:WithinOneYear 2024-04-30 05763683 core:WithinOneYear 2023-04-30 05763683 core:AfterOneYear 2024-04-30 05763683 core:AfterOneYear 2023-04-30 05763683 core:ShareCapital 2024-04-30 05763683 core:ShareCapital 2023-04-30 05763683 core:RetainedEarningsAccumulatedLosses 2024-04-30 05763683 core:RetainedEarningsAccumulatedLosses 2023-04-30 05763683 core:PlantMachinery 2023-04-30 05763683 core:MotorVehicles 2023-04-30 05763683 bus:SmallEntities 2023-05-01 2024-04-30 05763683 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05763683 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05763683 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05763683 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 05763683
F G F Machinery Limited
Filleted Unaudited Financial Statements
30 April 2024
F G F Machinery Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
6
899,911
915,693
Current assets
Stocks
223,110
324,343
Debtors
7
41,154
29,406
Cash at bank and in hand
2,676
16,845
---------
---------
266,940
370,594
Creditors: amounts falling due within one year
8
903,713
978,221
---------
---------
Net current liabilities
636,773
607,627
---------
---------
Total assets less current liabilities
263,138
308,066
Creditors: amounts falling due after more than one year
9
10,175
19,966
Provisions
Taxation including deferred tax
17,285
20,284
---------
---------
Net assets
235,678
267,816
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
235,578
267,716
---------
---------
Shareholders funds
235,678
267,816
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
F G F Machinery Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 15 January 2025 , and are signed on behalf of the board by:
Mr F Drake
Director
Company registration number: 05763683
F G F Machinery Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rowde Hill Farm, Rowde, Devizes, Wiltshire, SN10 1SY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
33,000
--------
Amortisation
At 1 May 2023 and 30 April 2024
33,000
--------
Carrying amount
At 30 April 2024
--------
At 30 April 2023
--------
Goodwill is being written off in equal instalments over its estimated economic life of 10 years.
6. Tangible assets
Plant and machinery
Motor vehicles
Land
Total
£
£
£
£
Cost
At 1 May 2023
294,338
50,300
808,937
1,153,575
Additions
749
749
---------
--------
---------
------------
At 30 April 2024
295,087
50,300
808,937
1,154,324
---------
--------
---------
------------
Depreciation
At 1 May 2023
191,359
46,523
237,882
Charge for the year
15,587
944
16,531
---------
--------
---------
------------
At 30 April 2024
206,946
47,467
254,413
---------
--------
---------
------------
Carrying amount
At 30 April 2024
88,141
2,833
808,937
899,911
---------
--------
---------
------------
At 30 April 2023
102,979
3,777
808,937
915,693
---------
--------
---------
------------
7. Debtors
2024
2023
£
£
Trade debtors
34,926
19,665
Other debtors
6,228
9,741
--------
--------
41,154
29,406
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,659
10,867
Trade creditors
35,264
68,792
Corporation tax
10,867
Social security and other taxes
5,928
5,749
Other creditors
851,862
881,946
---------
---------
903,713
978,221
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,175
19,966
--------
--------