ACCOUNTS - Final Accounts

Registered number: 09859574

FB COLLECTIONS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2025

FB COLLECTIONS LIMITED

REGISTERED NUMBER: 09859574

BALANCE SHEET

AS AT 30 NOVEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	209,500		97,794
Cash at bank and in hand	5	472,543		579,015
		682,043		676,809
Creditors: amounts falling due within one year	6	(78,641)		(160,878)
Net current assets			603,402		515,931
Total assets less current liabilities			603,402		515,931

Net assets			603,402		515,931

Capital and reserves
Called up share capital	7	15,000	15,000
Profit and loss account		588,402	500,931
		603,402	515,931

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 comprehensive income 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 on 28 August 2026.

Q R Ghafoor

Director

The notes on pages 3 to 5 form part of these financial statements.

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FB COLLECTIONS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 NOVEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 December 2023	15,000	166,711	181,711
Comprehensive income for the year
Profit for the year	-	334,220	334,220
Total comprehensive income for the year	-	334,220	334,220

At 1 December 2024	15,000	500,931	515,931
Comprehensive income for the year
Profit for the year	-	87,471	87,471
Total comprehensive income for the year	-	87,471	87,471
At 30 November 2025	15,000	588,402	603,402

The notes on pages 3 to 5 form part of these financial statements.

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FB COLLECTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

1.	General information

FB Collections Limited (the company) is a private company limited by shares incorporated and domiciled in the United Kingdom. The company registration number is 09859574 and the registered address is Pinnacle Building, 2 Prospect Place, Pride Park, Derby, DE24 8HG.

2.Accounting policies

2.1

Basis of preparation of financial statements

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:

2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Revenue

Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policy adopted for the recognition of turnover is as follows:

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

2.4

Interest Income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

2.5

Taxation

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.

2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

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FB COLLECTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Debtors

					2025	2024
					£	£


Amounts owed by connected companies	209,496	97,764
Other debtors	4	30
	209,500	97,794

5.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	472,543	579,015

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FB COLLECTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	20	20
Corporation tax	29,157	111,394
Other creditors	48,814	48,814
Accruals and deferred income	650	650
	78,641	160,878

Included within other creditors is £48,814 (2024: £48,814) which is owed to a director. The amount is unsecured, interest free and repayable on demand.

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

15,000 (2024 - 15,000) Ordinary shares of £1.00 each	15,000	15,000

8.	Controlling party

The company is under the control of the sole director who owns the entire share capital.

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