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REGISTERED NUMBER: 04083080 (England and Wales)
















FBM ENTERPRISES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






FBM ENTERPRISES LIMITED (REGISTERED NUMBER: 04083080)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FBM ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S Floyd
S Floyd





REGISTERED OFFICE: 2 Lakeview Stables
Lower St Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





REGISTERED NUMBER: 04083080 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

FBM ENTERPRISES LIMITED (REGISTERED NUMBER: 04083080)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,586,982 1,708,344
1,586,982 1,708,344

CURRENT ASSETS
Stocks 352,444 332,870
Debtors 6 533,113 627,076
Cash at bank and in hand 843,266 265,313
1,728,823 1,225,259
CREDITORS
Amounts falling due within one year 7 1,400,378 1,065,614
NET CURRENT ASSETS 328,445 159,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,915,427

1,867,989

CREDITORS
Amounts falling due after more than one year 8 (1,214,908 ) (1,408,909 )

PROVISIONS FOR LIABILITIES (101,170 ) (97,402 )
NET ASSETS 599,349 361,678

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 599,249 361,578
SHAREHOLDERS' FUNDS 599,349 361,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FBM ENTERPRISES LIMITED (REGISTERED NUMBER: 04083080)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





S Floyd - Director


FBM ENTERPRISES LIMITED (REGISTERED NUMBER: 04083080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

FBM Enterprises 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of building materials, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty years.

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.
Long leasehold - 5% on cost
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FBM ENTERPRISES LIMITED (REGISTERED NUMBER: 04083080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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.

Hire purchase and leasing commitments
Where assets are financed by leasing agreements the assets are included in the company's balance sheet at cost less depreciation in accordance with the company's normal accounting policies. The present value of future rentals is shown as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease in proportion to the balance of capital payments outstanding.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 9,600
AMORTISATION
At 1 November 2023
and 31 October 2024 9,600
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

FBM ENTERPRISES LIMITED (REGISTERED NUMBER: 04083080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and Motor
leasehold property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 245,314 1,279,786 555,958 678,807 2,759,865
Additions - - 72,312 34,517 106,829
At 31 October 2024 245,314 1,279,786 628,270 713,324 2,866,694
DEPRECIATION
At 1 November 2023 36,798 280,872 300,962 432,889 1,051,521
Charge for year 12,266 63,989 81,827 70,109 228,191
At 31 October 2024 49,064 344,861 382,789 502,998 1,279,712
NET BOOK VALUE
At 31 October 2024 196,250 934,925 245,481 210,326 1,586,982
At 31 October 2023 208,516 998,914 254,996 245,918 1,708,344

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 462,254 574,606
Prepayments 70,859 52,470
533,113 627,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 8,333 10,000
Hire purchase contracts 33,668 33,669
Trade creditors 1,067,502 771,997
Tax 107,806 44,023
Social security and other taxes 16,789 26,421
Other creditors 1,463 2,068
Directors' current accounts 159,616 172,385
Accruals and deferred income 5,201 5,051
1,400,378 1,065,614

FBM ENTERPRISES LIMITED (REGISTERED NUMBER: 04083080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 5,000 10,000
Bank loans - 2-5 years 5,000 8,333
Hire purchase contracts 11,102 44,770
Other creditors 1,193,806 1,345,806
1,214,908 1,408,909

9. RELATED PARTY DISCLOSURES

At the year end the company owed a Director £1,353,424 (2023: £1,518,191).

10. CONTROL OF THE COMPANY

The company is under the control of one of the directors.