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REGISTERED NUMBER: 06934987 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Frank Belshaw Building Surveyors Ltd

Frank Belshaw Building Surveyors Ltd (Registered number: 06934987)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Frank Belshaw Building Surveyors Ltd

Company Information
for the year ended 30 June 2024







DIRECTORS: P Young
Mrs L Young





REGISTERED OFFICE: Wheatley Springs Barn
Wheatley Lane Road
Barrowford
Nelson
Lancashire
BB9 6QS





REGISTERED NUMBER: 06934987 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Frank Belshaw Building Surveyors Ltd (Registered number: 06934987)

Abridged Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 130,000 195,000
Tangible assets 5 24,271 8,032
154,271 203,032

CURRENT ASSETS
Debtors 113,455 127,370
Cash at bank 6,564 54,637
120,019 182,007
CREDITORS
Amounts falling due within one year 146,722 142,802
NET CURRENT (LIABILITIES)/ASSETS (26,703 ) 39,205
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,568

242,237

CREDITORS
Amounts falling due after more than one
year

(19,853

)

(24,112

)

PROVISIONS FOR LIABILITIES (745 ) (2,008 )
NET ASSETS 106,970 216,117

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 106,968 216,115
SHAREHOLDERS' FUNDS 106,970 216,117

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

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

Frank Belshaw Building Surveyors Ltd (Registered number: 06934987)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 November 2024 and were signed on its behalf by:





P Young - Director


Frank Belshaw Building Surveyors Ltd (Registered number: 06934987)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Frank Belshaw Building Surveyors Ltd 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.

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.

The company has net current liabilities in the current financial year. The company is reliant on the continued financial support of the director. The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained.

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

The company sells building surveying services to the construction industry. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of seventeen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


Frank Belshaw Building Surveyors Ltd (Registered number: 06934987)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 9 ) .

Frank Belshaw Building Surveyors Ltd (Registered number: 06934987)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 1,000,000
AMORTISATION
At 1 July 2023 805,000
Amortisation for year 65,000
At 30 June 2024 870,000
NET BOOK VALUE

At 30 June 2024 130,000
At 30 June 2023 195,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 21,266
Additions 24,127
At 30 June 2024 45,393
DEPRECIATION
At 1 July 2023 13,234
Charge for year 7,888
At 30 June 2024 21,122
NET BOOK VALUE
At 30 June 2024 24,271
At 30 June 2023 8,032

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 22,650
At 30 June 2024 22,650
DEPRECIATION
Charge for year 5,663
At 30 June 2024 5,663
NET BOOK VALUE
At 30 June 2024 16,987

Frank Belshaw Building Surveyors Ltd (Registered number: 06934987)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30/6/24 30/6/23
£    £   
Net obligations repayable:
Within one year 5,060 -
Between one and five years 5,903 -
10,963 -

Non-cancellable operating leases
30/6/24 30/6/23
£    £   
Within one year - 2,837

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
2 Ordinary 1 2 2

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is PLY Design Ltd.