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REGISTERED NUMBER: 03328870 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FDC (UK) LIMITED

FDC (UK) LIMITED (Registered number: 03328870)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 10

FDC (UK) LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr P J Waddington
Mrs C Waddington





SECRETARY: Mr C Waddington





REGISTERED OFFICE: 52-54 Winchester Street
Salisbury
Wiltshire
SP1 1HG





REGISTERED NUMBER: 03328870 (England and Wales)





ACCOUNTANTS: Ray Bartlett & Co
Accountants & Taxation Consultants
52-54 Winchester Street
Salisbury
Wiltshire
SP1 1HG

FDC (UK) LIMITED (Registered number: 03328870)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,000 20,000
Tangible assets 5 310,142 351,685
326,142 371,685

CURRENT ASSETS
Stocks 6 730,529 860,244
Debtors 7 284,382 179,678
Cash at bank and in hand 12,537 46,575
1,027,448 1,086,497
CREDITORS
Amounts falling due within one year 8 694,457 766,277
NET CURRENT ASSETS 332,991 320,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

659,133

691,905

CREDITORS
Amounts falling due after more than one
year

9

(104,595

)

(147,060

)

PROVISIONS FOR LIABILITIES 12 (73,729 ) (84,698 )
NET ASSETS 480,809 460,147

CAPITAL AND RESERVES
Called up share capital 13 1,100 1,100
Retained earnings 479,709 459,047
SHAREHOLDERS' FUNDS 480,809 460,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

FDC (UK) LIMITED (Registered number: 03328870)

Statement of Financial Position - continued
31 December 2024


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 20 February 2025 and were signed on its behalf by:





Mr P J Waddington - Director


FDC (UK) LIMITED (Registered number: 03328870)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

FDC (UK) 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten 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.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


FDC (UK) LIMITED (Registered number: 03328870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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 12 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 40,000
AMORTISATION
At 1 January 2024 20,000
Charge for year 4,000
At 31 December 2024 24,000
NET BOOK VALUE
At 31 December 2024 16,000
At 31 December 2023 20,000

FDC (UK) LIMITED (Registered number: 03328870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2024 5,758 32,681 308,290
Additions - 4,950 10,629
At 31 December 2024 5,758 37,631 318,919
DEPRECIATION
At 1 January 2024 4,034 21,511 102,194
Charge for year 576 2,040 22,005
At 31 December 2024 4,610 23,551 124,199
NET BOOK VALUE
At 31 December 2024 1,148 14,080 194,720
At 31 December 2023 1,724 11,170 206,096

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 45,044 221,192 21,421 634,386
Additions - - 790 16,369
At 31 December 2024 45,044 221,192 22,211 650,755
DEPRECIATION
At 1 January 2024 32,392 111,800 10,770 282,701
Charge for year 4,149 26,833 2,309 57,912
At 31 December 2024 36,541 138,633 13,079 340,613
NET BOOK VALUE
At 31 December 2024 8,503 82,559 9,132 310,142
At 31 December 2023 12,652 109,392 10,651 351,685

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 730,529 860,244

FDC (UK) LIMITED (Registered number: 03328870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 227,289 174,052
Other debtors 18,875 1,662
Directors' current accounts 36,973 2,865
Prepayments 1,245 1,099
284,382 179,678

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 10) 187,907 112,784
Other loans (see note 10) 215,738 391,445
Hire purchase contracts 37,428 42,770
Trade creditors 84,790 85,537
Other creditors 42,303 28,046
Tax 20,681 (7,805 )
Social security and other taxes 11,340 11,346
VAT 94,270 102,154
694,457 766,277

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 10) 24,752 29,790
Hire purchase contracts 79,843 117,270
104,595 147,060

10. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 181,697 106,574
Bank loans 6,210 6,210
Imp loan 165,770 330,064
P Knight 49,968 61,381
403,645 504,229

Amounts falling due between two and five years:
Bank loans - 2-5 years 24,752 29,790

FDC (UK) LIMITED (Registered number: 03328870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdrafts 181,697 106,574
Bank loans 30,962 36,000
212,659 142,574

The facilities provided by HSBC are secured by an all assets debenture comprising fixed and floating charges over all the assets and undertakings of the company including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital both present and future.

The Directors have provided a personal guarantee to HSBC of £200,000.

12. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 73,729 84,698

Deferred
tax
£   
Balance at 1 January 2024 84,698
Accelerated capital allowances (10,969 )
Balance at 31 December 2024 73,729

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100
1,000 Ordinary 'A' £1 1,000 1,000
1,100 1,100

FDC (UK) LIMITED (Registered number: 03328870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr P J Waddington
Balance outstanding at start of year 2,865 -
Amounts advanced 142,988 2,865
Amounts repaid (108,880 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,973 2,865

15. RELATED PARTY DISCLOSURES

The landlord of the company premises, Drews Yard, is Denton & Co Trustees Limited who administer the directors Peirce Waddington and Caroline Waddington SIPP Scheme.

FDC (UK) LIMITED

Report of the Accountants to the Directors of
FDC (UK) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ray Bartlett & Co
Accountants & Taxation Consultants
52-54 Winchester Street
Salisbury
Wiltshire
SP1 1HG


20 February 2025