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Registered number: 06659305
FML Services Limited
Financial statements
Information for filing with the registrar
For the year ended 31 March 2025
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FML Services Limited
Registered number: 06659305
Balance Sheet
As at 31 March 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 6 form part of these financial statements.
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FML Services Limited
Notes to the Financial Statements
For the year ended 31 March 2025
FML Services Limited is a private company limited by share capital incorporated in England, registered number 06659305. The address of the registered office is Unit 701 Centre 500, Lowfield Drive, Newcastle-Under-Lyme, Staffordshire, United Kingdom, ST5 0UU.
On 10 December 2024 Bowdon Services Limited changed its name to FML Services Limited.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. The following paragraphs set out the basis of which the directors have reached their conclusion.
The Company had net liabilities totalling £920,899 (2024: £707,769) as at 31 March 2025.
The Company currently meets its working capital requirements through group funding which will continue for the foreseeable future.
Therefore, the directors believe it is appropriate to prepare the accounts to 31 March 2025 on a going concern basis and that there will be no adverse effect on solvency for a period of at least 12 months after the date of approval of the financial statements.
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Operating leases: the company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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FML Services Limited
Notes to the Financial Statements
For the year ended 31 March 2025
2.Accounting policies (continued)
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Investments in subsidiaries are measured at cost less accumulated impairment.
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The average monthly number of employees, including directors, during the year was 4 (2024 - 3).
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Investments in subsidiary companies
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FML Services Limited
Notes to the Financial Statements
For the year ended 31 March 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings are unsecured, non-interest bearing, and repayable on demand.
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Amounts owed to group undertakings are unsecured, non-interest bearing, and repayable on demand.
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Creditors: Amounts falling due after more than one year
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FML Services Limited
Notes to the Financial Statements
For the year ended 31 March 2025
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-2 years
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Amounts falling due 2-5 years
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Amounts falling due after more than 5 years
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Bank loans relate to a Government secured loan obtained under the Bounce Back Loan Scheme 'BBLS'. This loan is repayable over 9 years, with monthly repayments of £552. Interest is charged on the loan at 2.5% per annum.
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £23,851 (2024: £32,199). Contributions totalling £Nil (2024: £601 recoverable) were due from the fund at the balance sheet date and are included in creditors.
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Transactions with directors
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At the beginning of the financial year, the directors’ loan accounts included an overdrawn balance of £29,500, which was repaid in full during the year ended 31 March 2025. This balance was included within other debtors.
As at 31 March 2025, the company owed the directors £78,828, which is included within other creditors.
The balance is not repayable on demand. Interest is charged at the monthly base rate plus 2.5% on the amounts outstanding. Guarantees have been received from both directors to cover the loans in place.
The immediate and ultimate parent undertaking is HEMA Building Services Limited, a company registered in England and Wales, registered number 15988788.
There is no ultimate controlling party, as no individual shareholder holds a controlling interest in HEMA Building Services Limited.
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FML Services Limited
Notes to the Financial Statements
For the year ended 31 March 2025
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.
The audit report was signed on 3 December 2025 by Ryan Tattler (senior statutory auditor) on behalf of Hurst Accountants Limited.
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