Filco Services Limited - Filleted accounts

Registered number

05800624

Filco Services Limited

Report and Accounts

31 March 2026

Filco Services Limited
Registered number:		05800624
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		211,053			175,293

Current assets
Stocks		55,000			30,000
Debtors	4	165,352			179,469
Cash at bank and in hand		64,049			35,795
		284,401			245,264

Creditors: amounts falling due within one year	5	(314,605)			(236,421)

Net current (liabilities)/assets			(30,204)			8,843

Total assets less current liabilities			180,849			184,136

Creditors: amounts falling due after more than one year	6		(29,994)			(36,088)

Provisions for liabilities			(52,700)			(43,600)


Net assets			98,155			104,448

Capital and reserves
Called up share capital			100			100
Profit and loss account			98,055			104,348

Shareholders' funds			98,155			104,448

The directors are 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 directors acknowledge their 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.




D Whalley
Director
Approved by the board on 21 April 2026

Filco Services Limited
Notes to the Accounts
for the year ended 31 March 2026


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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	15 - 20 % writing down
	Fixtures, fittings, tools and equipment	20% writing down

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			14		12


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2025	132,446		167,754		300,200
	Additions	6,520		88,067		94,587
	Disposals	-		(36,225)		(36,225)
	At 31 March 2026	138,966		219,596		358,562

	Depreciation
	At 1 April 2025	60,043		64,864		124,907
	Charge for the year	15,215		25,065		40,280
	On disposals	-		(17,678)		(17,678)
	At 31 March 2026	75,258		72,251		147,509

	Net book value
	At 31 March 2026	63,708		147,345		211,053
	At 31 March 2025	72,403		102,890		175,293


4	Debtors			2026		2025
£					£

	Trade debtors			159,533		173,019
	Other debtors			5,819		6,450
				165,352		179,469


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			6,095		9,206
	Trade creditors			151,729		115,546
	Corporation tax			50,837		54,662
	Other taxes and social security costs			45,153		35,859
	Other creditors			60,791		21,148
				314,605		236,421


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Obligations under finance lease and hire purchase contracts			29,994		36,088


7	Other information

	Filco Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 5-7 Valley Park
	Watermills Road
	Stoke on Trent
	ST5 6At