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Registration number: 00503191

F.E.Body & Sons, Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

F.E.Body & Sons, Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

F.E.Body & Sons, Limited

Company Information

Directors

P Body

J A Body

N Body

Company secretary

J A Body

Registered office

The Clock Tower
Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

Accountants

Burton Sweet Limited
Chartered Accountants & Business Advisors
The Clock Tower
Unit 5, Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

 

F.E.Body & Sons, Limited

(Registration number: 00503191)
Balance Sheet
31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,327,399

1,308,473

Other financial assets

5

79,982

86,760

 

1,407,381

1,395,233

Current assets

 

Stocks

6

240,967

259,256

Debtors

7

44,396

37,278

Cash at bank and in hand

 

77,359

127,756

 

362,722

424,290

Creditors: Amounts falling due within one year

8

(184,027)

(227,831)

Net current assets

 

178,695

196,459

Total assets less current liabilities

 

1,586,076

1,591,692

Creditors: Amounts falling due after more than one year

8

(934,690)

(959,862)

Provisions for liabilities

(26,509)

(24,200)

Net assets

 

624,877

607,630

Capital and reserves

 

Called up share capital

2,000

2,000

Capital redemption reserve

58,318

58,318

Revaluation reserve

45,754

45,754

Retained earnings

518,805

501,558

Shareholders' funds

 

624,877

607,630

 

F.E.Body & Sons, Limited

(Registration number: 00503191)
Balance Sheet
31 December 2024

For the financial 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2025 and signed on its behalf by:
 

.........................................
P Body
Director

 

F.E.Body & Sons, Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Clock Tower
Farleigh Court
Old Weston Road
Flax Bourton
Bristol
BS48 1UR

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

F.E.Body & Sons, Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Government grants

Government grants are recognised when the company is reasonably assured they will comply with the conditions attached to them and the grant will be received.

Revenue grants are recognised under the accruals model as income on a systematic basis over the periods in which the company recognises the related costs the grant is intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

F.E.Body & Sons, Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land and buildings

Nil

Office equipment

33% per annum straight line

Plant and machinery

25% per annum reducing balance

Land and buildings

Freehold land and buildings included in the financial statements at a valuation of £1,208,285 are considered to have an economic life in excess of 50 years and a residual value equal or in excess of the book value and accordingly no depreciation is provided against the asset. An impairment review is undertaken at the end of each financial year to ensure the carrying value is recoverable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price.

Stocks

Stock is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

 

F.E.Body & Sons, Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

F.E.Body & Sons, Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

1,208,285

674,442

4,319

1,887,046

Additions

-

60,651

366

61,017

Disposals

-

(1,740)

(1,940)

(3,680)

At 31 December 2024

1,208,285

733,353

2,745

1,944,383

Depreciation

At 1 January 2024

-

575,138

3,435

578,573

Charge for the year

-

39,556

795

40,351

Eliminated on disposal

-

-

(1,940)

(1,940)

At 31 December 2024

-

614,694

2,290

616,984

Carrying amount

At 31 December 2024

1,208,285

118,659

455

1,327,399

At 31 December 2023

1,208,285

99,304

884

1,308,473

Included within the net book value of land and buildings above is £1,208,285 (2023 - £1,208,285) in respect of freehold land and buildings.
 

 

F.E.Body & Sons, Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

5

Investments (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2024

86,760

86,760

Fair value adjustments

(6,778)

(6,778)

At 31 December 2024

79,982

79,982

Impairment

Carrying amount

At 31 December 2024

79,982

79,982

6

Stocks

2024
£

2023
£

Other inventories

240,967

259,256

7

Debtors

2024
£

2023
£

Trade debtors

26,634

22,421

Other debtors

17,762

14,857

44,396

37,278

 

F.E.Body & Sons, Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

72,483

73,887

Trade creditors

 

40,474

37,467

Taxation and social security

 

9,119

20,600

Accruals and deferred income

 

31,813

56,618

Other creditors

 

30,138

39,259

 

184,027

227,831

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

934,690

959,862

Included within bank loans and overdrafts are loans of £986,450 (2023: £1,019,822) that are secured against the freehold property of the company.

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

9,991

1,792

Other borrowings

924,699

958,070

934,690

959,862

 

F.E.Body & Sons, Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

10,731

12,135

Other borrowings

61,752

61,752

72,483

73,887