FSG BUILD LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07026962 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

FOR

FSG BUILD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Lennox

J M Morgan

SECRETARY:

J D Lennox

REGISTERED OFFICE:

C/O React Business Services

City Pavilion,Cannon Green

27 Bush Lane

london

EC4R 0AA

REGISTERED NUMBER:

07026962 (England and Wales)

CURRENT ASSETS

Stocks

255,628

255,628

Cash at bank

16,475

19,346

272,103

274,974

CREDITORS

Amounts falling due within one year

3

3,229,263

195,948

NET CURRENT (LIABILITIES)/ASSETS

(2,957,160

)

79,026

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,957,160

)

79,026

CREDITORS

Amounts falling due after more than one year

4

297,959

297,879

NET LIABILITIES

(3,255,119

)

(218,853

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,255,219

)

(218,953

)

SHAREHOLDERS' FUNDS

(3,255,119

)

(218,853

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 March 2019 and were signed on its behalf by:

J D Lennox - Director

1.	STATUTORY INFORMATION

FSG BUILD 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 the provisions of Section 1A "Small Entities" 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 cost convention.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company

will be able to meet its liabilities to third parties as they fall due.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

-

(1

)

Amounts owed to participating interests

3,222,934

189,620

Other creditors

6,329

6,329

3,229,263

195,948

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans

297,959

297,879

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

297,959

297,879

5.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.18

30.6.17

£

£

Bank loans

297,959

297,879