F.G.S. London Company Limited - Filleted accounts

Registered number

03705977

F.G.S. London Company Limited

Filleted Accounts for the year ended

28 February 2025

F.G.S. London Company Limited
Registered number:		03705977
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		58,035			75,537
Investments	4		351,750			351,750
			409,785			427,287

Current assets
Debtors	5	174,046			300,730
Cash at bank and in hand		105,987			119,847
		280,033			420,577

Creditors: amounts falling due within one year	6	(361,665)			(477,152)

Net current liabilities			(81,632)			(56,575)

Total assets less current liabilities			328,153			370,712

Creditors: amounts falling due after more than one year	7		(7,728)			(38,637)



Net assets			320,425			332,075

Capital and reserves
Called up share capital			10			10
Profit and loss account			320,415			332,065

Shareholders' funds			320,425			332,075

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




K P Georgiou
Director
Approved by the board on 30 September 2025

F.G.S. London Company Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			28		28


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 March 2024	295,167		45,968		341,135
	Additions	1,843		-		1,843
	At 28 February 2025	297,010		45,968		342,978

	Depreciation
	At 1 March 2024	225,767		39,831		265,598
	Charge for the year	17,811		1,534		19,345
	At 28 February 2025	243,578		41,365		284,943

	Net book value
	At 28 February 2025	53,432		4,603		58,035
	At 29 February 2024	69,400		6,137		75,537


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 March 2024					351,750

	At 28 February 2025					351,750


5	Debtors			2025		2024
£					£

	Trade debtors			120,196		126,761
	Associated company loans			49,685		169,804
	Prepayments			4,165		4,165
				174,046		300,730


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			30,909		30,909
	Trade creditors			35,051		52,726
	Associated company loans			227,850		324,729
	Taxation and social security costs			56,479		61,355
	Director's loan			-		557
	Other creditors			11,376		6,876
				361,665		477,152


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			7,728		38,637


8	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans			38,637		69,546

	Bank loans are secured by way of debenture over the company's assets.


9	Related party transactions

	As at 28 February 2025, the company had loaned the following amounts: LH Property Co. Limited £49,685. These are included in debtors. As at 28 February 2025, the company had been loaned the following amounts: (UK) Poroduction Limited £227,850. This is included in creditors. The director K P Georgiou has an interest in both the above companies. These loans are on an interest free basis and there is no set repayment date.


10	Transactions with the director

	As at 28 February 2025, the director K Georgiou was owed £Nil (2024 - £557). This is on an interest free basis and has no set repayment date.


11	Controlling party

	The director K P Georgiou, together with other family members are the controlling party of the company with 100% of the issued share capital. During the year the shareholders received a dividend totalling £25,000.


12	Other information

	F.G.S. London Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Circle Line House
	9 East Road
	Harlow
	Essex
	CM20 2BJ