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Fairway Building & Remedial Contractors Ltd

Registered Number
14462990
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

Fairway Building & Remedial Contractors Ltd
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

P Browne
T Dunn
L Harmon
L Kenny

Registered Address

F6.6 - F6.9 Globe House Globe Park
Moss Bridge Road
Rochdale
OL16 5EB

Registered Number

14462990 (England and Wales)
Fairway Building & Remedial Contractors Ltd
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets356,0737,888
56,0737,888
Current assets
Debtors424,493211,635
Cash at bank and on hand64,45562,542
488,948274,177
Creditors amounts falling due within one year4(369,268)(303,142)
Net current assets (liabilities)119,680(28,965)
Total assets less current liabilities175,753(21,077)
Creditors amounts falling due after one year5(35,861)(34,785)
Net assets139,892(55,862)
Capital and reserves
Profit and loss account139,892(55,862)
Shareholders' funds139,892(55,862)
The financial statements were approved and authorised for issue by the Board of Directors on 20 August 2025, and are signed on its behalf by:
P Browne
Director
Registered Company No. 14462990
Fairway Building & Remedial Contractors Ltd
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery20
Vehicles25
Office Equipment33
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 December 235567,5006908,746
Additions-50,180-50,180
At 30 November 2455657,68069058,926
Depreciation and impairment
At 01 December 236070395858
Charge for year991,7001961,995
At 30 November 241592,4032912,853
Net book value
At 30 November 2439755,27739956,073
At 30 November 234966,7975957,888
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables257,109118,828
Taxation and social security109,34443,743
Other creditors-35,811
Accrued liabilities and deferred income2,815104,760
Total369,268303,142
5.Creditors: amounts due after one year

2024

2023

££
Other creditors35,86134,785
Total35,86134,785