REGISTERED NUMBER: 02441111 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 JANUARY 2025

FOR

FIRBECK CONSTRUCTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J Barry

M King

REGISTERED OFFICE:

7 Lawn Court

Carlton In Lindrick

Worksop

Nottinghamshire

S81 9ED

REGISTERED NUMBER:

02441111 (England and Wales)

ACCOUNTANTS:

Beeley Hawley & Co. Ltd

Chartered Accountants

42-44 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BL

FIXED ASSETS

Tangible assets

4

151,666

106,324

CURRENT ASSETS

Stocks

633

1,441

Debtors

5

464,979

422,868

Cash at bank and in hand

613,847

264,180

1,079,459

688,489

CREDITORS

Amounts falling due within one year

6

863,432

486,840

NET CURRENT ASSETS

216,027

201,649

TOTAL ASSETS LESS CURRENT LIABILITIES

367,693

307,973

CREDITORS

Amounts falling due after more than one year

7

(39,830

)

(56,820

)

PROVISIONS FOR LIABILITIES

(34,904

)

(22,101

)

NET ASSETS

292,959

229,052

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

292,859

228,952

SHAREHOLDERS' FUNDS

292,959

229,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 January 2025 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 29 September 2025 and were signed on its behalf by:

L J Barry - Director

1.	STATUTORY INFORMATION

Firbeck Construction 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 represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

Straight line over life of lease

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 6 January 2024

125,191

494,491

619,682

Additions

-

81,061

81,061

At 5 January 2025

125,191

575,552

700,743

DEPRECIATION

At 6 January 2024

125,191

388,167

513,358

Charge for year

-

35,719

35,719

At 5 January 2025

125,191

423,886

549,077

NET BOOK VALUE

At 5 January 2025

-

151,666

151,666

At 5 January 2024

-

106,324

106,324

The net value of assets purchased under hire purchase agreements is £51,983 (December 2023:£47,325)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

305,763

291,490

Amounts owed by group undertakings

95,742

95,742

Other debtors

63,474

35,636

464,979

422,868

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

22,527

13,820

Trade creditors

225,397

159,236

Tax

8,093

(2,952

)

Social security and other taxes

3,728

69,508

Other creditors

3,207

1,411

Accruals and deferred income

590,480

235,817

863,432

486,840

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

4,167

14,167

Hire purchase contracts

35,663

42,653

39,830

56,820

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Debtors includes £20,000 (Dec 2023 : £NIL) relating to a directors' loan account balances.

During the year £20,000 was advanced by the company and £NIL was repaid in respect of this loan. All stated amounts are aggregates. The loans were interest free and repayable under no specific terms.

9.	RELATED PARTY DISCLOSURES

The following balances subsist with the parent company, Firbeck Holdings Ltd, - debtor £95,742. This balance is not subject to interest and is repayable under no specific terms.