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Company Registration No. SC425569 (Scotland)
FBS Metalworks Limited Unaudited accounts for the year ended 30 June 2024
FBS Metalworks Limited Unaudited accounts Contents
Page
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FBS Metalworks Limited Company Information for the year ended 30 June 2024
Director
C Inglis
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
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FBS Metalworks Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
188,073 
153,786 
Current assets
Inventories
16,200 
50,551 
Debtors
71,090 
81,034 
Cash at bank and in hand
87,810 
42,960 
175,100 
174,545 
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)
Net assets
121,224 
98,539 
Capital and reserves
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
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FBS Metalworks Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items..
Deferred taxation
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.
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,512 
15,859 
Trade debtors
16,190 
- 
Accrued income and prepayments
47,388 
19,388 
Other debtors
- 
45,787 
71,090 
81,034 
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 
Other creditors
6,750 
- 
Loans from directors
124,555 
119,147 
Accruals
2,096 
2,100 
228,670 
208,612 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,830 
9,630 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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