Acorah Software Products - Accounts Production 16.0.110 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 02760058 Mr Paul McGowan Mr Richard Kiernan Mr Paul McGowan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02760058 2023-04-30 02760058 2024-04-30 02760058 2023-05-01 2024-04-30 02760058 frs-core:CurrentFinancialInstruments 2024-04-30 02760058 frs-core:ComputerEquipment 2024-04-30 02760058 frs-core:ComputerEquipment 2023-05-01 2024-04-30 02760058 frs-core:ComputerEquipment 2023-04-30 02760058 frs-core:MotorVehicles 2024-04-30 02760058 frs-core:MotorVehicles 2023-05-01 2024-04-30 02760058 frs-core:MotorVehicles 2023-04-30 02760058 frs-core:ShareCapital 2024-04-30 02760058 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 02760058 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02760058 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 02760058 frs-bus:SmallEntities 2023-05-01 2024-04-30 02760058 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02760058 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02760058 frs-bus:OrdinaryShareClass1 2023-05-01 2024-04-30 02760058 frs-bus:OrdinaryShareClass1 2024-04-30 02760058 frs-bus:Director1 2023-05-01 2024-04-30 02760058 frs-bus:Director2 2023-05-01 2024-04-30 02760058 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 02760058 1 2023-05-01 2024-04-30 02760058 frs-countries:EnglandWales 2023-05-01 2024-04-30 02760058 2022-04-30 02760058 2023-04-30 02760058 2022-05-01 2023-04-30 02760058 frs-core:CurrentFinancialInstruments 2023-04-30 02760058 frs-core:ShareCapital 2023-04-30 02760058 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 02760058 frs-bus:OrdinaryShareClass1 2022-05-01 2023-04-30 02760058 1 2022-05-01 2023-04-30
Registered number: 02760058
F.B.S. Construction Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of F.B.S. Construction Limited for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of F.B.S. Construction Limited for the year ended 30 April 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of F.B.S. Construction Limited , as a body, in accordance with the terms of our engagement letter dated 6 April 2024. Our work has been undertaken solely to prepare for your approval the accounts of F.B.S. Construction Limited and state those matters that we have agreed to state to the directors of F.B.S. Construction Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than F.B.S. Construction Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that F.B.S. Construction Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of F.B.S. Construction Limited . You consider that F.B.S. Construction Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of F.B.S. Construction Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
13th February 2025
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Page 1
Page 2
Balance Sheet
Registered number: 02760058
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 531
- 531
CURRENT ASSETS
Debtors 5 27,572 75,899
Cash at bank and in hand 173,400 319,788
200,972 395,687
Creditors: Amounts Falling Due Within One Year 6 (179,024 ) (76,932 )
NET CURRENT ASSETS (LIABILITIES) 21,948 318,755
TOTAL ASSETS LESS CURRENT LIABILITIES 21,948 319,286
NET ASSETS 21,948 319,286
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 21,848 319,186
SHAREHOLDERS' FUNDS 21,948 319,286
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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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul McGowan
Director
Mr Richard Kiernan
Director
13th February 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
F.B.S. Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02760058 . The registered office is Hardy House, Northbridge Road , Berkhamsted , Herts, HP4 1EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company ceased trading on 30 April 2024.
2.3. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on cost
Computer Equipment 25% on cost
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
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. The company also contributes to a work place pension scheme ( NEST) in line with its obligations under auto enrollment. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
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2.7. Retentions
Retentions due from clients are not included in the accounts until they are received. Retentions due to suppliers are charged in the accounts as the work is done.
2.7 Long term contracts
Amounts recoverable on contracts are valued at anticipated net sales value after provision for contingencies and anticipate future losses on contracts. Claims are included in the valuation of contracts and credited to the profit and loss account only when entitlement has been established. Cash received on account of contracts is deducted from amounts recoverable on contracts. Such amounts that have been received and exceed amounts recoverable are included in other creditors. Contracts provisions in excess of amounts recoverable are included in provisions for liabilities and charges.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 4
Cost of Sales 1 2
4 6
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 May 2023 - 1,188 1,188
Additions 45,833 - 45,833
Disposals (45,833 ) (1,188 ) (47,021 )
As at 30 April 2024 - - -
Depreciation
As at 1 May 2023 - 657 657
Disposals - (657 ) (657 )
As at 30 April 2024 - - -
Net Book Value
As at 30 April 2024 - - -
As at 1 May 2023 - 531 531
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,613
Amounts recoverable on contracts 16,093 41,266
Prepayments and accrued income 668 3,298
Other debtors 10,811 28,722
27,572 75,899
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,333 27,652
Other taxes and social security 958 5,291
Other creditors 32 23,386
Accruals and deferred income 160,564 -
Directors' loan accounts 8,137 20,603
179,024 76,932
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 60,000 45,000
Dividends paid to directors during the year amounted to £15,000 (2023: £11,250).
9. Related Party Transactions
R J KiernanDirectorIncluded in rent and rates is £Nil (2023: £720) paid to R J Kiernan in respect of the rent of offices. The directors consider these transactions to be at arms length.

R J Kiernan

Director

Included in rent and rates is £Nil (2023: £720) paid to R J Kiernan in respect of the rent of offices. The directors consider these transactions to be at arms length.

FBS Special Works LimitedDirectors R J Kiernan & P McGowan are also directors and shareholdersIncluded in the cost of sales is £7,500 (2023: £21,936) for services provided. The directors consider these transactions to be at arms length.

FBS Special Works Limited

Directors R J Kiernan & P McGowan are also directors and shareholders

Included in the cost of sales is £7,500 (2023: £21,936) for services provided. The directors consider these transactions to be at arms length.

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