Company Registration No. SC425569 (Scotland)
FBS Metalworks Limited
Unaudited accounts
for the year ended 30 June 2024
FBS Metalworks Limited
Unaudited accounts
Contents
FBS Metalworks Limited
Company Information
for the year ended 30 June 2024
Company Number
SC425569 (Scotland)
Registered Office
19 Elphinstone Road
Tranent
East Lothian
EH33 2LG
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
FBS Metalworks Limited
Statement of financial position
as at 30 June 2024
Tangible assets
188,073
153,786
Cash at bank and in hand
87,810
42,960
Creditors: amounts falling due within one year
(228,670)
(208,612)
Net current liabilities
(53,570)
(34,067)
Total assets less current liabilities
134,503
119,719
Creditors: amounts falling due after more than one year
(4,830)
(9,630)
Provisions for liabilities
Deferred tax
(8,449)
(11,550)
Called up share capital
1
1
Profit and loss account
121,223
98,538
Shareholders' funds
121,224
98,539
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. 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 19 March 2025 and were signed on its behalf by
C Inglis
Director
Company Registration No. SC425569
FBS Metalworks Limited
Notes to the Accounts
for the year ended 30 June 2024
FBS Metalworks Limited is a private company, limited by shares, registered in Scotland, registration number SC425569. The registered office is 19 Elphinstone Road, Tranent, East Lothian, EH33 2LG.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% straight line
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
33% straight line
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items..
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
FBS Metalworks Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
58,255
144,568
45,946
11,813
260,582
Additions
28,536
12,089
24,995
2,635
68,255
At 30 June 2024
86,791
156,657
70,941
14,448
328,837
At 1 July 2023
6,623
71,724
18,657
9,792
106,796
Charge for the year
4,340
16,986
10,457
2,185
33,968
At 30 June 2024
10,963
88,710
29,114
11,977
140,764
At 30 June 2024
75,828
67,947
41,827
2,471
188,073
At 30 June 2023
51,632
72,844
27,289
2,021
153,786
Amounts falling due within one year
Accrued income and prepayments
47,388
19,388
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,800
4,800
Trade creditors
59,914
47,496
Taxes and social security
30,555
35,069
Loans from directors
124,555
119,147
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).