IRIS Accounts Production v25.1.3.33 02945362 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029453622023-08-31029453622024-08-31029453622023-09-012024-08-31029453622022-08-31029453622022-09-012023-08-31029453622023-08-3102945362ns15:EnglandWales2023-09-012024-08-3102945362ns14:PoundSterling2023-09-012024-08-3102945362ns10:Director12023-09-012024-08-3102945362ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3102945362ns10:SmallEntities2023-09-012024-08-3102945362ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3102945362ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3102945362ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3102945362ns10:FullAccounts2023-09-012024-08-3102945362ns10:OrdinaryShareClass12023-09-012024-08-3102945362ns10:Director22023-09-012024-08-3102945362ns10:RegisteredOffice2023-09-012024-08-3102945362ns5:CurrentFinancialInstruments2024-08-3102945362ns5:CurrentFinancialInstruments2023-08-3102945362ns5:Non-currentFinancialInstruments2024-08-3102945362ns5:Non-currentFinancialInstruments2023-08-3102945362ns5:ShareCapital2024-08-3102945362ns5:ShareCapital2023-08-3102945362ns5:RetainedEarningsAccumulatedLosses2024-08-3102945362ns5:RetainedEarningsAccumulatedLosses2023-08-3102945362ns5:PlantMachinery2023-09-012024-08-3102945362ns5:FurnitureFittings2023-09-012024-08-3102945362ns5:ComputerEquipment2023-09-012024-08-3102945362ns5:PlantMachinery2023-08-3102945362ns5:FurnitureFittings2023-08-3102945362ns5:ComputerEquipment2023-08-3102945362ns5:PlantMachinery2024-08-3102945362ns5:FurnitureFittings2024-08-3102945362ns5:ComputerEquipment2024-08-3102945362ns5:PlantMachinery2023-08-3102945362ns5:FurnitureFittings2023-08-3102945362ns5:ComputerEquipment2023-08-3102945362ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3102945362ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3102945362ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3102945362ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3102945362ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3102945362ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3102945362ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3102945362ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-3102945362ns5:Secured2024-08-3102945362ns5:Secured2023-08-3102945362ns5:DeferredTaxation2023-08-3102945362ns5:DeferredTaxation2023-09-012024-08-3102945362ns5:DeferredTaxation2024-08-3102945362ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 02945362 (England and Wales)















F B W ENGINEERING SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






F B W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02945362)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F B W ENGINEERING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: I Hampson
M Dawber





REGISTERED OFFICE: Atlas House
Caxton Close
Wigan
WN3 6XU





REGISTERED NUMBER: 02945362 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

F B W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02945362)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,421 9,259

CURRENT ASSETS
Debtors 5 3,515,286 3,442,327
Cash at bank and in hand 45,717 166,682
3,561,003 3,609,009
CREDITORS
Amounts falling due within one year 6 275,510 282,357
NET CURRENT ASSETS 3,285,493 3,326,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,293,914

3,335,911

CREDITORS
Amounts falling due after more than one
year

7

(162,536

)

(111,352

)

PROVISIONS FOR LIABILITIES 9 (754 ) (667 )
NET ASSETS 3,130,624 3,223,892

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,130,524 3,223,792
SHAREHOLDERS' FUNDS 3,130,624 3,223,892

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

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

F B W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02945362)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





M Dawber - Director


F B W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02945362)

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


1. STATUTORY INFORMATION

F B W Engineering Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

F B W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02945362)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 19,858 29,196 8,027 57,081
Additions 2,040 734 403 3,177
At 31 August 2024 21,898 29,930 8,430 60,258
DEPRECIATION
At 1 September 2023 19,692 24,775 3,355 47,822
Charge for year 551 1,289 2,175 4,015
At 31 August 2024 20,243 26,064 5,530 51,837
NET BOOK VALUE
At 31 August 2024 1,655 3,866 2,900 8,421
At 31 August 2023 166 4,421 4,672 9,259

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190,520 201,162
Amounts owed by group undertakings 3,295,915 3,205,013
Other debtors 723 725
Prepayments 28,128 35,427
3,515,286 3,442,327

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 64,742 38,215
Trade creditors 49,300 69,070
Tax 97,530 116,864
Social security and other taxes (1,260 ) 4,711
VAT 28,983 26,564
Other creditors 24,803 8,050
Accruals and deferred income 11,412 18,883
275,510 282,357

F B W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02945362)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 64,742 38,215
Bank loans - 2-5 years 90,825 60,212
Bank loans more 5 yr by instal 6,969 12,925
162,536 111,352

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,969 12,925

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 227,278 149,567

A bank loan of £192,532 is secured against the assets of the company.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 754 667

Deferred
tax
£   
Balance at 1 September 2023 667
Charge to Statement of Income and Retained Earnings during year 87
Balance at 31 August 2024 754

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

F B W ENGINEERING SERVICES LIMITED (REGISTERED NUMBER: 02945362)

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


11. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is the directors by virtue of the ownership of the issued share capital in the holding company, FBW Engineering UK Limited.