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Company Registration No. 08522455 (England and Wales)
FMC Developments Ltd Unaudited accounts for the year ended 31 May 2024
FMC Developments Ltd Unaudited accounts Contents
Page
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FMC Developments Ltd Company Information for the year ended 31 May 2024
Director
Mr Scott Cargill
Company Number
08522455 (England and Wales)
Registered Office
3rd Floor, Vyman House 104 College Road Harrow HA1 1BQ
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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FMC Developments Ltd Accountants' report
Accountants' report to the director of FMC Developments Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FMC Developments Ltd for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FMC Developments Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FMC Developments Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FMC Developments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FMC Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FMC Developments Ltd. You consider that FMC Developments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FMC Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ 30 May 2025
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FMC Developments Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,786 
39,288 
Current assets
Cash at bank and in hand
32,254 
13,973 
Creditors: amounts falling due within one year
(43,645)
(30,933)
Net current liabilities
(11,391)
(16,960)
Net assets
25,395 
22,328 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
25,295 
22,228 
Shareholders' funds
25,395 
22,328 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 May 2025 and were signed on its behalf by
Mr Scott Cargill Director Company Registration No. 08522455
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FMC Developments Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
FMC Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 08522455. The registered office is 3rd Floor, Vyman House, 104 College Road, Harrow, HA1 1BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% as per reducing balance method
Motor vehicles
20% as per reducing balance method
Fixtures & fittings
20% as per reducing balance method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
12,411 
3,200 
44,625 
60,236 
Additions
- 
- 
5,950 
5,950 
At 31 May 2024
12,411 
3,200 
50,575 
66,186 
Depreciation
At 1 June 2023
6,595 
1,024 
13,329 
20,948 
Charge for the year
1,163 
435 
6,854 
8,452 
At 31 May 2024
7,758 
1,459 
20,183 
29,400 
Net book value
At 31 May 2024
4,653 
1,741 
30,392 
36,786 
At 31 May 2023
5,816 
2,176 
31,296 
39,288 
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FMC Developments Ltd Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,484 
2,667 
Trade creditors
5,580 
7,020 
Taxes and social security
8,295 
2,674 
Other creditors
8,234 
8,232 
Loans from directors
14,107 
8,845 
Accruals
2,945 
1,495 
43,645 
30,933 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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