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Company Registration No. 06724110 (England and Wales)
FAIRCLOUGH BUILDING LIMITED Unaudited accounts for the year ended 31 October 2024
FAIRCLOUGH BUILDING LIMITED Unaudited accounts Contents
Page
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FAIRCLOUGH BUILDING LIMITED Company Information for the year ended 31 October 2024
Director
Dean Michael Bradley
Company Number
06724110 (England and Wales)
Registered Office
Jubilee House 3 The Drive, Great Warley Brentwood Essex CM13 3FR
Accountants
Fox Accountancy Limited 88 Corbets Tey Road Upminster Essex RM14 2BA
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FAIRCLOUGH BUILDING LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,049 
4,066 
Current assets
Debtors
78,903 
466,239 
Cash at bank and in hand
298,924 
598,676 
377,827 
1,064,915 
Creditors: amounts falling due within one year
(278,332)
(596,100)
Net current assets
99,495 
468,815 
Total assets less current liabilities
102,544 
472,881 
Creditors: amounts falling due after more than one year
(24,927)
(94,838)
Net assets
77,617 
378,043 
Capital and reserves
Called up share capital
34 
102 
Profit and loss account
77,583 
377,941 
Shareholders' funds
77,617 
378,043 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 28 November 2024 and were signed on its behalf by
Dean Michael Bradley Director Company Registration No. 06724110
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FAIRCLOUGH BUILDING LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
FAIRCLOUGH BUILDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06724110. The registered office is Jubilee House, 3 The Drive, Great Warley, Brentwood, Essex, CM13 3FR.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2023
25,645 
At 31 October 2024
25,645 
Depreciation
At 1 November 2023
21,579 
Charge for the year
1,017 
At 31 October 2024
22,596 
Net book value
At 31 October 2024
3,049 
At 31 October 2023
4,066 
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FAIRCLOUGH BUILDING LIMITED Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
4,955 
Trade debtors
74,679 
428,468 
Accrued income and prepayments
949 
8,033 
Other debtors
3,275 
24,783 
78,903 
466,239 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
69,911 
63,159 
VAT
64,260 
60,737 
Trade creditors
30,383 
258,779 
Taxes and social security
9,361 
155,692 
Other creditors
2,651 
906 
Loans from directors
- 
2,547 
Accruals
4,766 
54,280 
Deferred income
97,000 
- 
278,332 
596,100 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,927 
94,838 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dean Michael Bradley
Short Term interest free loan
- 
3,236 
- 
3,236 
Michael Albert Bradley
Short Term interest free loan
24,783 
- 
24,783 
- 
24,783 
3,236 
24,783 
3,236 
9
Transactions with related parties
During the year the company undertook a share buyback of 68 of their own shares (nominal value £1 per share). The value of £300,000 was paid and share capital of £68 was cancelled.
10
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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