Registered number
05800624
Filco Services Limited
Report and Accounts
31 March 2025
Filco Services Limited
Registered number: 05800624
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 175,293 189,524
Current assets
Stocks 30,000 50,000
Debtors 4 179,469 225,371
Cash at bank and in hand 35,795 51,574
245,264 326,945
Creditors: amounts falling due within one year 5 (236,421) (315,063)
Net current assets 8,843 11,882
Total assets less current liabilities 184,136 201,406
Creditors: amounts falling due after more than one year 6 (36,088) (3,071)
Provisions for liabilities (43,600) (44,750)
Net assets 104,448 153,585
Capital and reserves
Called up share capital 100 100
Profit and loss account 104,348 153,485
Shareholders' funds 104,448 153,585
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 Whalley
Director
Approved by the board on 23 April 2025
Filco Services Limited
Notes to the Accounts
for the year ended 31 March 2025
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 the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 15 - 20 % writing down
Fixtures, fittings, tools and equipment 20% writing down
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 2025 2024
Number Number
Average number of persons employed by the company 12 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 129,310 158,712 288,022
Additions 15,536 44,267 59,803
Disposals (12,400) (35,225) (47,625)
At 31 March 2025 132,446 167,754 300,200
Depreciation
At 1 April 2024 46,567 51,931 98,498
Charge for the year 16,576 28,489 45,065
On disposals (3,100) (15,556) (18,656)
At 31 March 2025 60,043 64,864 124,907
Net book value
At 31 March 2025 72,403 102,890 175,293
At 31 March 2024 82,743 106,781 189,524
4 Debtors 2025 2024
£ £
Trade debtors 173,019 220,539
Other debtors 6,450 4,832
179,469 225,371
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 9,206 3,070
Trade creditors 115,546 230,692
Corporation tax 54,662 30,671
Other taxes and social security costs 35,859 31,436
Other creditors 21,148 19,194
236,421 315,063
6 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 36,088 3,071
7 Other information
Filco Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 5-7 Valley Park
Watermills Road
Stoke on Trent
ST5 6At
Filco Services Limited 05800624 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 D Whalley No description of principal activity 05800624 2023-04-01 2024-03-31 05800624 core:WithinOneYear 2024-03-31 05800624 core:AfterOneYear 2024-03-31 05800624 core:ShareCapital 2024-03-31 05800624 core:RetainedEarningsAccumulatedLosses 2024-03-31 05800624 2024-04-01 2025-03-31 05800624 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05800624 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05800624 bus:Director40 2024-04-01 2025-03-31 05800624 1 2024-04-01 2025-03-31 05800624 2 2024-04-01 2025-03-31 05800624 core:PlantMachinery 2024-04-01 2025-03-31 05800624 core:Vehicles 2024-04-01 2025-03-31 05800624 countries:England 2024-04-01 2025-03-31 05800624 bus:FRS102 2024-04-01 2025-03-31 05800624 bus:FilletedAccounts 2024-04-01 2025-03-31 05800624 2025-03-31 05800624 core:WithinOneYear 2025-03-31 05800624 core:AfterOneYear 2025-03-31 05800624 core:ShareCapital 2025-03-31 05800624 core:RetainedEarningsAccumulatedLosses 2025-03-31 05800624 core:PlantMachinery 2025-03-31 05800624 core:Vehicles 2025-03-31 05800624 2024-03-31 05800624 core:PlantMachinery 2024-03-31 05800624 core:Vehicles 2024-03-31 iso4217:GBP xbrli:pure