FOSS ENTERTAINMENTS AND BUILDING COMPANY LIMITED


Director	Angela Forrester


Registered Address	45 Hayfield Road
	Kirkcaldy
	KY1 2JP


Registered Number	SC072713 (Scotland)

Balance Sheet as at
30 November 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		137		287
			137		287
Current assets
Debtors	4	-		125
Cash at bank and on hand		9,430		6,584
		9,430		6,709
Creditors amounts falling due within one year	5	(4,378)		(1,900)
Net current assets (liabilities)			5,052		4,809
Total assets less current liabilities			5,189		5,096
Provisions for liabilities			(26)		(55)
Net assets			5,163		5,041
Capital and reserves
Called up share capital			5,000		5,000
Profit and loss account			163		41
Shareholders' funds			5,163		5,041

The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 13 March 2025, and are signed on its behalf by:

Angela Forrester
Director
Registered Company No. SC072713

FOSS ENTERTAINMENTS AND BUILDING COMPANY LIMITED

Notes to the Financial Statements
for the year ended 30 November 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Income represents rents receivable in the year.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 

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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. 

Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	3
	Office Equipment	3

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 December 23	500	449	949
At 30 November 24	500	449	949
Depreciation and impairment
At 01 December 23	500	162	662
Charge for year	-	150	150
At 30 November 24	500	312	812
Net book value
At 30 November 24	-	137	137
At 30 November 23	-	287	287

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Other debtors	-	125
Total	-	125

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Taxation and social security	2,205	976
Other creditors	1,249	-
Accrued liabilities and deferred income	924	924
Total	4,378	1,900