| |
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) |
| |
|
|
|
|
|
| |
|
|
|
| |
|
|
|
| |
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 |
| |
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| 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. |