REGISTERED NUMBER: 08454788 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FILBY BUILDERS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Filby

J E Filby

REGISTERED OFFICE:

76 Crescent Drive South

Woodingdean

Brighton

East Sussex

BN2 6RB

REGISTERED NUMBER:

08454788 (England and Wales)

ACCOUNTANTS:

Oreka Accounting Limited

3 Juziers Drive

East Hoathly

East Sussex

BN8 6AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

42,097

20,030

42,097

20,030

CURRENT ASSETS

Stocks

76,100

73,358

Debtors

34,034

41,588

Cash at bank and in hand

26,783

5,906

136,917

120,852

CREDITORS

Amounts falling due within one year

143,483

113,498

NET CURRENT (LIABILITIES)/ASSETS

(6,566

)

7,354

TOTAL ASSETS LESS CURRENT LIABILITIES

35,531

27,384

CREDITORS

Amounts falling due after more than one year

(18,541

)

(7,074

)

PROVISIONS FOR LIABILITIES

7

(7,169

)

(3,806

)

NET ASSETS

9,821

16,504

CAPITAL AND RESERVES

Called up share capital

8

3

3

Retained earnings

9

9,818

16,501

SHAREHOLDERS' FUNDS

9,821

16,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 December 2025 and were signed on its behalf by:

J E Filby - Director

1.	STATUTORY INFORMATION

Filby Builders Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

6,500

AMORTISATION

At 1 April 2024

and 31 March 2025

6,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

56,826

Additions

30,950

At 31 March 2025

87,776

DEPRECIATION

At 1 April 2024

36,796

Charge for year

8,883

At 31 March 2025

45,679

NET BOOK VALUE

At 31 March 2025

42,097

At 31 March 2024

20,030

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

35,179

Additions

25,000

Transfer to ownership

(15,590

)

At 31 March 2025

44,589

DEPRECIATION

At 1 April 2024

17,094

Charge for year

6,200

Transfer to ownership

(11,890

)

At 31 March 2025

11,404

NET BOOK VALUE

At 31 March 2025

33,185

At 31 March 2024

18,085

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

6,681

The bank loan and bank overdraft are personally guaranteed by the directors of the Company, M R Filby and J E Filby.

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

7,169

3,806

Deferred

tax

£

Balance at 1 April 2024

3,806

Provided during year

3,363

Balance at 31 March 2025

7,169

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3

Ordinary

£1

3

3

9.

RESERVES

Retained

earnings

£

At 1 April 2024

16,501

Profit for the year

12,729

Dividends

(19,412

)

At 31 March 2025

9,818

10.	RELATED PARTY DISCLOSURES

At the balance sheet the Company owed £5,149 (2024: £578) to J E Filby and £5,149 (2024 : £624) to M R Filby, both of which are directors of the company.

These loans are interest free and repayable on demand.