Company Registration No. 1228945 (England and Wales)
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED
Unaudited accounts
for the year ended 31 December 2024
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED
Unaudited accounts
Contents
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED
Company Information
for the year ended 31 December 2024
Directors
Mr. A. Fletcher
Mrs. A. J. Fletcher
Secretary
Mrs. A. J. Fletcher
Company Number
1228945 (England and Wales)
Accountants
Dempsey & Co
The Downshire
71 Baldwins Lane Croxley Green
Rickmansworth
Herts
WD3 3LT
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
908,698
927,331
Investment property
1,004,768
986,208
Cash at bank and in hand
139,137
167,290
Creditors: amounts falling due within one year
(323,563)
(273,085)
Net current assets
831,946
551,917
Total assets less current liabilities
2,745,412
2,465,456
Creditors: amounts falling due after more than one year
(342,573)
(400,401)
Provisions for liabilities
Deferred tax
(28,328)
(31,055)
Net assets
2,374,511
2,034,000
Called up share capital
5,000
5,000
Profit and loss account
2,369,511
2,029,000
Shareholders' funds
2,374,511
2,034,000
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by
Mr. A. Fletcher
Director
Company Registration No. 1228945
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 1228945.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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:
Land & buildings
Over the unexpired term of the lease.
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred taxation is provided in respect of the tax effect of all timing differences at the rates of tax expected to apply when the timing differences reverse.
These financial statements have been prepared on a going concern basis.
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
804,235
800,406
99,209
239,174
1,943,024
Additions
-
51,150
-
22,571
73,721
Disposals
-
-
(34,000)
-
(34,000)
At 31 December 2024
804,235
851,556
65,209
261,745
1,982,745
At 1 January 2024
57,805
721,880
48,882
187,126
1,015,693
Charge for the year
1,137
51,912
9,892
18,655
81,596
On disposals
-
-
(23,242)
-
(23,242)
At 31 December 2024
58,942
773,792
35,532
205,781
1,074,047
At 31 December 2024
745,293
77,764
29,677
55,964
908,698
At 31 December 2023
746,430
78,526
50,327
52,048
927,331
Fair value at 1 January 2024
986,208
At 31 December 2024
1,004,768
Investment properties have been valued by the director, A.Fletcher at the Balance Sheet date at 986,208 on a fair value on an open market basis.
The Barclays Bank PLC has a fixed charge on leasehold property known as the grand casino Penzance and fixed & floating charge on undertaking and assets present.
F & M AUTOMATIC AMUSEMENT MACHINES LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
674,618
457,404
Other debtors
331,653
190,000
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
86,748
88,020
Trade creditors
12,043
1,737
Taxes and social security
124,787
94,914
Other creditors
97,782
84,843
Loans from directors
2,203
3,571
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
342,573
400,401
Aggregate of amounts that fall due for payment after five years
-
48,321
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000
5,000
11
Transactions with related parties
The Company was a subsidiary undertaking of Fletcher Holdings Limited throughout the
current and previous year. During the year, the company declared a dividend to Fletcher Holdings Limited of 40000(2023-£20000).
The Company is a subsidiary undertaking of Fletcher Holdings Limited, a Company registered in England and Wales in the UK.
The ultimate controlling parties are Mr A J Fletcher and Mrs A J Fletcher, both directors and shareholders of Fletcher Holdings Limited.
13
Average number of employees
During the year the average number of employees was 24 (2023: 26).