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REGISTERED NUMBER: 12090641 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

FGP Enterprises Ltd

FGP Enterprises Ltd (Registered number: 12090641)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FGP Enterprises Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr F G Pitts





REGISTERED OFFICE: West Winds
The Street
Ashfield-Cum-Thorpe
Stowmarket
Suffolk
IP14 6LX





REGISTERED NUMBER: 12090641 (England and Wales)





ACCOUNTANTS: Black Barn Accountants Ltd
The Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ

FGP Enterprises Ltd (Registered number: 12090641)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 20,202 30,279

CURRENT ASSETS
Stocks 11,846 8,998
Debtors 5 6,271 4,534
Cash at bank and in hand 2,123 2,778
20,240 16,310
CREDITORS
Amounts falling due within one year 6 84,520 59,273
NET CURRENT LIABILITIES (64,280 ) (42,963 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,078

)

(12,684

)

CREDITORS
Amounts falling due after more than one
year

7

17,469

25,453
NET LIABILITIES (61,547 ) (38,137 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (62,547 ) (39,137 )
(61,547 ) (38,137 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FGP Enterprises Ltd (Registered number: 12090641)

Balance Sheet - continued
31 July 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 director and authorised for issue on 25 April 2025 and were signed by:





Mr F G Pitts - Director


FGP Enterprises Ltd (Registered number: 12090641)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

FGP Enterprises Ltd 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.

The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The director has confirmed that all financial obligations are being met on a monthly basis. He has given his undertaking to support the company for a period of 12 months from the date of these financial statements. This support will be reviewed at that time. He considers that it is appropriate to prepare the accounts on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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
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.

FGP Enterprises Ltd (Registered number: 12090641)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 1,278 32,948 3,705 37,931
Disposals - (8,450 ) - (8,450 )
At 31 July 2024 1,278 24,498 3,705 29,481
DEPRECIATION
At 1 August 2023 658 5,107 1,887 7,652
Charge for year 155 6,125 455 6,735
Eliminated on disposal - (5,108 ) - (5,108 )
At 31 July 2024 813 6,124 2,342 9,279
NET BOOK VALUE
At 31 July 2024 465 18,374 1,363 20,202
At 31 July 2023 620 27,841 1,818 30,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 6,180 4,443
Other debtors 91 91
6,271 4,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 14,705 17,000
Hire purchase contracts 4,000 4,000
Taxation and social security 6,366 1,103
Other creditors 59,449 37,170
84,520 59,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 5,469 9,453
Hire purchase contracts 12,000 16,000
17,469 25,453