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REGISTERED NUMBER: 02977279 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

FST Services Limited

FST Services Limited (Registered number: 02977279)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FST Services Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P J Downey





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 02977279 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

FST Services Limited (Registered number: 02977279)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 30,150 -
Tangible assets 5 345,478 350,100
Investments 6 - 18,500
375,628 368,600

CURRENT ASSETS
Stocks 149,719 105,905
Debtors 7 1,888,215 1,739,705
Cash at bank 1,643,528 1,903,547
3,681,462 3,749,157
CREDITORS
Amounts falling due within one year 8 126,835 329,484
NET CURRENT ASSETS 3,554,627 3,419,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,930,255

3,788,273

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,930,254 3,788,272
SHAREHOLDERS' FUNDS 3,930,255 3,788,273

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 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.

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 29 May 2025 and were signed by:



P J Downey - Director


FST Services Limited (Registered number: 02977279)

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

1. STATUTORY INFORMATION

FST 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.

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.

Debenture are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

FST Services Limited (Registered number: 02977279)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 33,500
At 31 October 2024 33,500
AMORTISATION
Charge for year 3,350
At 31 October 2024 3,350
NET BOOK VALUE
At 31 October 2024 30,150

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 290,155 151,266 441,421
Additions - 12,793 12,793
At 31 October 2024 290,155 164,059 454,214
DEPRECIATION
At 1 November 2023 - 91,321 91,321
Charge for year - 17,415 17,415
At 31 October 2024 - 108,736 108,736
NET BOOK VALUE
At 31 October 2024 290,155 55,323 345,478
At 31 October 2023 290,155 59,945 350,100

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Debentures brought forward 18,500 18,500
Disposals (18,500 ) -
- 18,500

FST Services Limited (Registered number: 02977279)

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

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 62,973 152,387
Other debtors 1,825,242 1,576,206
1,888,215 1,728,593

Amounts falling due after more than one year:
Other debtors - 11,112

Aggregate amounts 1,888,215 1,739,705

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 28,268 35,709
Taxation and social security 83,969 281,342
Other creditors 14,598 12,433
126,835 329,484

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
P J Downey
Balance outstanding at start of year 1,228,327 1,177,393
Amounts advanced 293,395 190,302
Amounts repaid (82,570 ) (139,368 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,439,152 1,228,327