Classic Facilities Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14707355 (England and Wales)

CLASSIC FACILITIES MANAGEMENT LTD

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O R Beaumont

Mrs J Beaumont

REGISTERED OFFICE:

59-61 Charlotte Street

Birmingham

B3 1PX

REGISTERED NUMBER:

14707355 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

33,886

2,151

CURRENT ASSETS

Debtors

5

487,607

187,958

Cash at bank

32,517

31,101

520,124

219,059

CREDITORS

Amounts falling due within one year

6

288,424

128,929

NET CURRENT ASSETS

231,700

90,130

TOTAL ASSETS LESS CURRENT
LIABILITIES

265,586

92,281

CREDITORS

Amounts falling due after more than one year

7

(23,457

)

(26,243

)

PROVISIONS FOR LIABILITIES

(7,239

)

-

NET ASSETS

234,890

66,038

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

234,790

65,938

234,890

66,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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 financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

O R Beaumont - Director

1.	STATUTORY INFORMATION

Classic Facilities Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

-

2,548

Additions

4,726

623

27,900

2,102

35,351

At 31 December 2024

4,726

623

27,900

4,650

37,899

DEPRECIATION

At 1 January 2024

-

397

Charge for year

213

174

1,939

1,290

3,616

At 31 December 2024

213

174

1,939

1,687

4,013

NET BOOK VALUE

At 31 December 2024

4,513

449

25,961

2,963

33,886

At 31 December 2023

-

2,151

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

205,764

5,016

Amounts owed by group undertakings

100

Amounts owed by participating interests

279,591

181,279

Prepayments

2,152

1,563

487,607

187,958

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts (see note 8)

23,666

18,767

Trade creditors

60,755

20,207

Social security and other taxes

66,310

30,027

VAT

45,841

27,355

Other creditors

(388

)

1,730

Directors' loan accounts

30,100

Accruals and deferred income

62,140

743

288,424

128,929

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans (see note 8)

23,457

26,243

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year or on demand:

Bank loans

23,666

18,767

Amounts falling due between one and two years:

Bank loans - 1-2 years

23,457

18,767

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

7,476

9.	RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £279,591 (2023: £181,279) was owed from Classic Roofing Maintenance Limited.