F.F. SERVICES LIMITED

F.F. SERVICES LIMITED

F.F. SERVICES LIMITED - Company Information

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F.F. SERVICES LIMITED

Company Registration Number:
04360248 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

F.F. SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

F.F. SERVICES LIMITED

Balance sheet

As at 31 December 2021


Notes
2021
2020


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 25,000 14,000
Tangible assets: 4 298,799 373,965
Investments:   0 0
Total fixed assets: 323,799 387,965
Current assets
Debtors:   261,301 344,458
Cash at bank and in hand: 31,795 730
Investments:   0 0
Total current assets: 293,096 345,188
Creditors: amounts falling due within one year: 5 (460,674) (610,231)
Net current assets (liabilities): (167,578) (265,043)
Total assets less current liabilities: 156,221 122,922
Creditors: amounts falling due after more than one year:   (116,718) (114,604)
Provision for liabilities: (1,711) (1,711)
Total net assets (liabilities): 37,792 6,607
Capital and reserves
Called up share capital: 110 110
Profit and loss account: 37,682 6,497
Shareholders funds: 37,792 6,607

The notes form part of these financial statements

F.F. SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 September 2022
and signed on behalf of the board by:

Name: NRC Allport
Status: Director

The notes form part of these financial statements

F.F. SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax andtrade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off thecost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery 10% reducing balanceMotor Vehicles 25% reducing balanceFixtures & Fittings 10% reducing balanceComputer Equipment 25% reducing balance

Intangible fixed assets and amortisation policy

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separablenet assets. It is amortised to profit and loss account over its estimated economic life of ten years.

Other accounting policies

Leasing and Hire Purchase ContractsAssets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assetsacquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquiredunder hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially allof the benefits and risks of ownership are assumed by the company. Obligations under such agreements are includedin the creditors net of the finance charge allocated to future periods. The finance element of the rental payment ischarged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligationoutstanding in each period.Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with thelessor are charged to profit and loss account as incurred.

F.F. SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 18 20

F.F. SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Intangible Assets

Total
Cost £
At 01 January 2021 168,000
Additions 20,000
At 31 December 2021 188,000
Amortisation
At 01 January 2021 154,000
Charge for year 9,000
At 31 December 2021 163,000
Net book value
At 31 December 2021 25,000
At 31 December 2020 14,000

F.F. SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 1,160,051
Additions 588
At 31 December 2021 1,160,639
Depreciation
At 01 January 2021 786,086
Charge for year 75,754
At 31 December 2021 861,840
Net book value
At 31 December 2021 298,799
At 31 December 2020 373,965

F.F. SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due within one year note

Creditors: Amounts Falling Due Within One Year2021 2020£ £Net obligations under finance lease and hire purchase contracts 58,138 43,027Trade creditors 229,684 201,156Bank loans and overdrafts 25,426 234,068Corporation tax 965 -Other taxes and social security 42,389 43,493VAT 38,915 48,253Net wages 8,835 8,960Company credit card ac 491 2,218Other creditors (1) 9,046 -Accruals and deferred income 24,959 24,643Directors' loan accounts 21,826 4,413460,674 610,231