29 July 2023 28 July 2024 No principle activity is included 10684742 2023-07-29 10684742 2024-07-28 10684742 2023-07-29 2024-07-28 10684742 2023-07-28 10684742 2022-07-29 2023-07-28 10684742 uk-core:WithinOneYear 2024-07-28 10684742 uk-core:WithinOneYear 2023-07-28 10684742 uk-core:AfterOneYear 2024-07-28 10684742 uk-core:AfterOneYear 2023-07-28 10684742 uk-core:ShareCapital 2024-07-28 10684742 uk-core:ShareCapital 2023-07-28 10684742 uk-core:RetainedEarningsAccumulatedLosses 2024-07-28 10684742 uk-core:RetainedEarningsAccumulatedLosses 2023-07-28 10684742 uk-bus:Director1 2023-07-29 2024-07-28 10684742 uk-bus:RegisteredOffice 2023-07-29 2024-07-28 10684742 uk-curr:PoundSterling 2023-07-29 2024-07-28 10684742 uk-core:PlantMachinery 2023-07-29 2024-07-28 10684742 uk-core:Vehicles 2023-07-29 2024-07-28 10684742 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-07-28 10684742 uk-core:VehiclesPlantMachinery 2023-07-28 10684742 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2023-07-29 2024-07-28 10684742 uk-core:VehiclesPlantMachinery 2023-07-29 2024-07-28 10684742 uk-core:LandBuildings uk-core:OwnedOrFreeholdAssets 2024-07-28 10684742 uk-core:VehiclesPlantMachinery 2024-07-28 10684742 uk-core:Non-currentFinancialInstruments uk-core:CostValuation 2023-07-28 10684742 uk-core:Non-currentFinancialInstruments uk-core:CostValuation 2024-07-28 10684742 uk-core:Non-currentFinancialInstruments uk-core:ProvisionsForImpairmentInvestments 2023-07-28 10684742 uk-core:Non-currentFinancialInstruments uk-core:ProvisionsForImpairmentInvestments 2024-07-28 10684742 uk-core:Non-currentFinancialInstruments 2024-07-28 10684742 uk-core:Non-currentFinancialInstruments 2023-07-28 10684742 uk-bus:FRS102 2023-07-29 2024-07-28 10684742 uk-bus:FullAccounts 2023-07-29 2024-07-28 10684742 uk-bus:AuditExempt-NoAccountantsReport 2023-07-29 2024-07-28 10684742 uk-bus:PrivateLimitedCompanyLtd 2023-07-29 2024-07-28 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  F & T BUILDING FABRICS LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 28 JULY 2024
   
   
   
   
   
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  F & T BUILDING FABRICS LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 28 JULY 2024
       
  CONTENTS
       
  Pages
       
       
  2-3 Statement of Financial Position  
       
       
  4-10 Notes to the Financial Statements  
       
     
  page 1
  F & T BUILDING FABRICS LIMITED
  Company registered number: 10684742
  STATEMENT OF FINANCIAL POSITION AT 28 July 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 72,778 71,269
  Investments held as fixed assets 4 4 4
      72,782 71,273
  CURRENT ASSETS    
  Inventories   213,449 327,194
  Debtors 6 1,161,520 461,061
  Cash at bank and in hand   51,300 22,298
      1,426,269 810,553
  CREDITORS: Amounts falling due within one year 7 1,689,853 1,224,552
  NET CURRENT LIABILITIES   (263,584) (413,999)
  TOTAL ASSETS LESS CURRENT LIABILITIES   (190,802) (342,726)
           
  CREDITORS: Amounts falling due after more than one year 8 (414,000) -
  NET LIABILITIES   604,802) 342,726)
       
  CAPITAL AND RESERVES
  Called up share capital   1,212,000 1,212,000
  Retained earnings   (1,816,802) (1,554,726)
  SHAREHOLDERS' FUNDS   604,802) 342,726)
       
  The notes on pages 4-10 form part of these financial statements
   
  page 2
  F & T BUILDING FABRICS LIMITED
  Company registered number: 10684742
  STATEMENT OF FINANCIAL POSITION AT 28 July 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as director of the company I hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 28 July 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 17 June 2025
 
  Signed on behalf of the board of directors
 
 
       
  R Coffey, Director
       
       
  The notes on pages 4-10 form part of these financial statements
   
  page 3
  F & T BUILDING FABRICS LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 28 JULY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Company information
         
  F & T Building Fabrics Limited is a private company limited by shares incorporated in England.
         
  Registered office:
  Unit 14 Chichester Business Centre, Chichester Street, Rochdale, OL16 2AU
         
1b. Basis of accounting
         
  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" and the Companies Act 2006.
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Turnover
         
  Turnover represents amounts receivable for goods provided net of VAT and trade discounts.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Leasehold improvements Reducing balance 10%  
  Plant and machinery Reducing balance 20%  
  Vehicles Reducing balance 20%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 4-10 form part of these financial statements
   
  page 4
  F & T BUILDING FABRICS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 JULY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Equity instruments
         
  Equity instruments issued by the company are recognised as the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilties once they are no longer at the discretion of the company.
         
         
1h. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1i. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1j. Foreign currencies
         
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
         
         
1k. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
  The notes on pages 4-10 form part of these financial statements
   
  page 5
  F & T BUILDING FABRICS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 JULY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1l. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
         
1m. Judgements and key sources of estimation uncertainty
         
  In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
         
 
         
 
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
  Persons employed, including directors 5 12
    5 12
   
  The notes on pages 4-10 form part of these financial statements
   
  page 6
  F & T BUILDING FABRICS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 JULY 2024
         
3. PROPERTY, PLANT AND EQUIPMENT
    Land and Plant &  
    Buildings Machinery Total
    £ £ £
  Cost
         
  At 29 July 2023 9,505 109,457 118,962
  Additions other than through business combinations - 21,000 21,000
         
  At 28 July 2024 9,505 130,457 139,962
   
  Depreciation
         
  At 29 July 2023 475 47,218 47,693
  For the year 951 18,540 19,491
  At 28 July 2024 1,426 65,758 67,184
   
  Net Book Amounts
         
  At 28 July 2024 £8,079 £64,699 £72,778
  At 28 July 2023 £9,030 £62,239 £71,269
   
  The notes on pages 4-10 form part of these financial statements
   
  page 7
  F & T BUILDING FABRICS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 JULY 2024
         
         
4. FIXED ASSET INVESTMENTS
         
    Shares in    
    group Other  
    undertakings intangibles Total
    £ £ £
  Cost or valuation
         
  At 29 July 2023 218,515 4 218,519
  At 28 July 2024 218,515 4 218,519
   
  Amounts written off
         
  At 29 July 2023 218,515 - 218,515
  At 28 July 2024 218,515 - 218,515
   
  Net Book Amounts
         
  At 28 July 2024 £- £4 £4
  At 28 July 2023 £- £4 £4
   
         
         
5. SUBSIDIARIES
         
  Details of the company's subsidiaries at 28 July 2024 are below:
         
      Class of % Held
  Name of undertaking Address shares held Direct
         
  Mercer and Sons Limited '1 - Below Ordinary '100.00
         
  Registered office addresses (all UK unless otherwise indicated):
         
  1. Scholfield Watts Business Recovery Llp, 7400 Daresbury Park, Daresbury, Warrington, WA4 4BS
         
  Mercer and Sons Limited was placed into liquidation on 18 July 2019.
  The notes on pages 4-10 form part of these financial statements
   
  page 8
  F & T BUILDING FABRICS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 JULY 2024
       
       
6. DEBTORS 2024 2023
    £ £
  Trade debtors 587,728 394,632
  Amounts owed by related cos 528,880 46,160
  Other debtors 44,912 20,269
    £1,161,520 £461,061
   
  Included within Amounts owed by related cos are unsecured interest-free amounts loaned to connected companies under common control. As at 28 July 2024 the amount owed to the company in respect of these loans was £528,880 (2023: £46,160).
       
       
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Finance leases and hire purchase contracts 18,113 -
  Trade creditors 739,820 308,545
  Bills of exchange payable 171,272 178,450
  Other taxes and social security 236,096 194,012
  Other creditors 519,552 536,103
  Accruals and deferred income 5,000 7,442
    £1,689,853 £1,224,552
   
       
  Other creditors includes an interest free loan granted to the company by the director. At the balance sheet date the amount outstanding on the loan was £498,895 (2023: £498,895).
       
  Other creditors also includes an amount owed in respect of a factoring facility, at the balance sheet date the amount owed in resect of this facility was £171,272 (2023: £178,450).
       
  The company's factoring facility is secured by way of a first legal charge over the company's assets.
       
  Other creditors also includes interest free loans granted to the company by companies under common control. At the balance sheet date the amount outstanding in respect of the loans was £20,082 (2023: £37,208). The loans are unsecured and repayable on demand.
       
       
8. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Other loans 414,000 -
    £414,000 £-
   
  The notes on pages 4-10 form part of these financial statements
   
  page 9
  F & T BUILDING FABRICS LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 JULY 2024
       
       
8. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR (CONT.)
    2024 2023
    £ £
  The notes on pages 4-10 form part of these financial statements
   
  page 10