| Friends Building Contractors Limited |
| Registered Number:04947010 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Friends Building Contractors Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Friends Building Contractors Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
21,741
28,869
2
21,741
28,869
67,560
22,150
3
| Trade and other receivables |
44,468
25,507
4
129,315
| Cash and cash equivalents |
292,758
340,415
241,343
| Trade and other payables: amounts falling due within one |
| year |
(143,928)
(186,128)
5
97,415
154,287
Net current assets
| Total assets less current liabilities |
176,028
126,284
| Trade and other payables: amounts falling due after more |
| than one year |
(33,274)
(23,333)
6
152,695
Net assets
93,010
2
2
152,693
93,008
152,695
93,010
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 23 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Friends Building Contractors Limited
Notes to the Financial Statements
Statutory Information
| Friends Building Contractors Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 04947010. |
596A Romford Road
Manor Park
London
E12 5AF
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding. |
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For the year ended 31 December 2024
Friends Building Contractors Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
99,492
4,197
82,936
12,359
12,359
82,936
4,197
99,492
| Provision for depreciation and impairment |
70,623
3,732
54,960
11,931
Charge for year
7,128
70
6,994
64
77,751
3,802
61,954
11,995
364
20,982
395
21,741
428
27,976
465
28,869
2023
2024
22,150
67,560
| 4. Trade and other receivables |
2023
2024
10,829
31,044
14,678
13,424
44,468
25,507
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
114,934
74,396
| Taxation and social security |
20,030
8,932
51,164
60,600
186,128
143,928
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For the year ended 31 December 2024
Friends Building Contractors Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
23,333
33,274
| 7. Average number of persons employed |
During the year the average number of employees was 8 (2023 : 7)
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