Company registration number:
10248884
FMS (IBS) Holdings Limited
Unaudited filleted financial statements
30 June 2024
FMS (IBS) Holdings Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
FMS (IBS) Holdings Limited
Directors and other information
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Directors |
Mr Craig McDonald |
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Mrs Tracy McDonald |
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Company number |
10248884 |
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Registered office |
Norfolk House The Courtyard |
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Gorsey Lane |
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Coleshill |
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West Midlands |
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B46 1JA |
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Business address |
Norfolk House The Courtyard |
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Gorsey Lane |
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Coleshill |
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West Midlands |
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B46 1JA |
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Accountants |
Lindley & Co |
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Suite 4 Europa House |
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Europa Way |
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Lichfield |
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Staffs |
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WS14 9TZ |
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FMS (IBS) Holdings Limited
Statement of financial position
30 June 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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4 |
2 |
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2 |
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_______ |
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_______ |
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2 |
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2 |
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Current assets |
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Debtors |
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5 |
30 |
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30 |
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_______ |
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_______ |
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30 |
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30 |
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Creditors: amounts falling due |
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within one year |
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6 |
(
2) |
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(
2) |
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_______ |
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_______ |
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Net current assets |
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28 |
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28 |
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_______ |
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Total assets less current liabilities |
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30 |
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30 |
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_______ |
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Net assets |
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30 |
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30 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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30 |
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30 |
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_______ |
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_______ |
Shareholders funds |
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30 |
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30 |
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_______ |
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_______ |
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
14 March 2025
, and are signed on behalf of the board by:
Mr Craig McDonald
Director
Company registration number:
10248884
FMS (IBS) Holdings Limited
Statement of changes in equity
Year ended 30 June 2024
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 July 2022 |
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30 |
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30 |
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Profit for the year |
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202,000 |
202,000 |
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_______ |
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Total comprehensive income for the year |
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202,000 |
202,000 |
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Dividends paid and payable |
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(
202,000) |
(
202,000) |
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_______ |
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_______ |
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Total investments by and distributions to owners |
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- |
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(
202,000) |
(
202,000) |
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_______ |
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_______ |
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At 30 June 2023 and 1 July 2023 |
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30 |
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30 |
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Profit for the year |
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215,000 |
215,000 |
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_______ |
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Total comprehensive income for the year |
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- |
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215,000 |
215,000 |
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Dividends paid and payable |
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(
215,000) |
(
215,000) |
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_______ |
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_______ |
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Total investments by and distributions to owners |
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- |
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(
215,000) |
(
215,000) |
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_______ |
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At 30 June 2024 |
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30 |
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30 |
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_______ |
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_______ |
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FMS (IBS) Holdings Limited
Notes to the financial statements
Year ended 30 June 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Norfolk House The Courtyard, Gorsey Lane, Coleshill, West Midlands, B46 1JA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Investments
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Shares in group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 1 July 2023 and 30 June 2024 |
2 |
2 |
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_______ |
_______ |
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Impairment |
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At 1 July 2023 and 30 June 2024 |
- |
- |
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Carrying amount |
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At 30 June 2024 |
2 |
2 |
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_______ |
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At 30 June 2023 |
2 |
2 |
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_______ |
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Listed investments
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£ |
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At 30 June 2024 |
Carrying value |
2 |
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At 30 June 2023 |
Carrying value |
2 |
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Investments in group undertakings |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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FMS Integrated Building Services Limited |
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Unit 23 The Courtyard Gorsey Lane Coleshill West Midlands B46 1JA |
Ordinary |
100 |
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The results and capital and reserves for the period of the trading companies are as follows:
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Capital and |
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Profit/(loss) |
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reserves |
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for the |
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period |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
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Subsidiary undertakings |
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FMS Integrated Building Services Limited |
3,136,087 |
2,673,002 |
678,085 |
802,522 |
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5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Other debtors |
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30 |
30 |
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_______ |
_______ |
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6.
Creditors: amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Other creditors |
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2 |
2 |
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_______ |
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7.
Controlling party
The company is under the control of Mr C McDonald and Mrs T McDonald who control 100% of the Founder share capital and 70% of the Incentive share capital.