Registration number: 09540001

F Biddles Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

F Biddles Ltd

(Registration number: 09540001)
Balance Sheet as at 31 March 2026

	Note	2026 £		2025 £
Fixed assets
Tangible assets	4		24,298		18,673
Current assets
Debtors	5	7,493		8,985
Cash at bank and in hand		3,323		2,808
		10,816		11,793
Creditors: Amounts falling due within one year	6	(18,381)		(28,047)
Net current liabilities			(7,565)		(16,254)
Total assets less current liabilities			16,733		2,419
Provisions for liabilities			(4,617)		(1,683)
Net assets			12,116		736
Capital and reserves
Called up share capital		1		1
Profit and loss account		12,115		735
Total equity			12,116		736

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2026
 

......................................... Mr FW Biddles Director

F Biddles Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

F Biddles Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & Machinery	20% Straight Line
Motor Vehicles	25% Reducing Balance
Computer Equipment	33% Straight Line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% Straight Line

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2025 - 3).

F Biddles Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	10,000	10,000
At 31 March 2026	10,000	10,000
Amortisation
At 1 April 2025	10,000	10,000
At 31 March 2026	10,000	10,000
Carrying amount
At 31 March 2026	-	-

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2025	751	32,600	16,230	49,581
Additions	-	32,397	-	32,397
Disposals	-	(32,600)	-	(32,600)
At 31 March 2026	751	32,397	16,230	49,378
Depreciation
At 1 April 2025	751	14,263	15,894	30,908
Charge for the year	-	8,099	336	8,435
Eliminated on disposal	-	(14,263)	-	(14,263)
At 31 March 2026	751	8,099	16,230	25,080
Carrying amount
At 31 March 2026	-	24,298	-	24,298
At 31 March 2025	-	18,337	336	18,673

F Biddles Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

5

Debtors

Current	2026 £	2025 £
Trade debtors	5,493	6,985
Other debtors	2,000	2,000
	7,493	8,985

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	779	4,258
Other creditors	17,602	23,789
	18,381	28,047