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REGISTERED NUMBER: 10133860 (England and Wales)














FCC ECONOMY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






FCC ECONOMY LIMITED (REGISTERED NUMBER: 10133860)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FCC ECONOMY LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTOR: I Oakman





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 10133860 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

FCC ECONOMY LIMITED (REGISTERED NUMBER: 10133860)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 1,500 1,500
Tangible assets 6 1,419 1,417
2,919 2,917

CURRENT ASSETS
Debtors 7 292,343 159,635
Cash at bank 3,649 6,723
295,992 166,358
CREDITORS
Amounts falling due within one year 8 371,628 217,436
NET CURRENT LIABILITIES (75,636 ) (51,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(72,717

)

(48,161

)

CREDITORS
Amounts falling due after more than one
year

9

57,667

110,122
NET LIABILITIES (130,384 ) (158,283 )

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings (130,484 ) (158,383 )
SHAREHOLDERS' FUNDS (130,384 ) (158,283 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FCC ECONOMY LIMITED (REGISTERED NUMBER: 10133860)

STATEMENT OF FINANCIAL POSITION - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 April 2025 and were signed by:





I Oakman - Director


FCC ECONOMY LIMITED (REGISTERED NUMBER: 10133860)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

FCC Economy 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which is considered appropriate by the director as the company operates within its agreed banking facilities.

Income recognition
Income is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.
Fixtures and fittings - 25% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

FCC ECONOMY LIMITED (REGISTERED NUMBER: 10133860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 24 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1,500
NET BOOK VALUE
At 30 September 2024 1,500
At 30 September 2023 1,500

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023 9,624
Additions 453
At 30 September 2024 10,077
DEPRECIATION
At 1 October 2023 8,207
Charge for year 451
At 30 September 2024 8,658
NET BOOK VALUE
At 30 September 2024 1,419
At 30 September 2023 1,417

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 181,123 119,594
Other debtors 111,220 40,041
292,343 159,635

FCC ECONOMY LIMITED (REGISTERED NUMBER: 10133860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,455 52,455
Trade creditors 85,317 53,187
Taxation and social security 179,157 93,850
Other creditors 54,699 17,944
371,628 217,436

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 57,667 110,122

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 55,121 74,576

The loan is secured by a fixed floating charge over all assets of the company.