Registered number
04254338
F.M.B. Services Limited
Filleted Accounts
31 July 2024
F.M.B. Services Limited
Registered number: 04254338
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 659,000 699,000
Current assets
Debtors 4 1,376 4,036
Cash at bank and in hand 15,448 18,299
16,824 22,335
Creditors: amounts falling due within one year 5 (18,900) (34,290)
Net current liabilities (2,076) (11,955)
Total assets less current liabilities 656,924 687,045
Creditors: amounts falling due after more than one year 6 (366,000) (366,013)
Provisions for liabilities (55,400) (63,000)
Net assets 235,524 258,032
Capital and reserves
Called up share capital 100 100
Profit and loss account 235,424 257,932
Shareholders' funds 235,524 258,032
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D A McManus
Director
Approved by the board on 22 April 2025
F.M.B. Services Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income. Turnover from rental income is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 699,000
Surplus on revaluation (40,000)
At 31 July 2024 659,000
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 659,000
At 31 July 2023 699,000
The properties have been revalued annually in accordance with FRS 102 by the directors using relevant third party information available in the public domains.
4 Debtors 2024 2023
£ £
Trade debtors - 3,275
Other debtors 1,376 761
1,376 4,036
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 61 -
Other creditors 18,839 34,290
18,900 34,290
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amount due to directors 366,000 366,013
7 Controlling party
The company considers D M Burchett and D A McManus to be its controlling parties.
8 Other information
F.M.B. Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
87 Grace Avenue
Oldbrook
Milton Keynes
Buckinghamshire
MK6 2XL
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