FONTENERGY CONSTRUCTION SERVICES LIMITED

FONTENERGY CONSTRUCTION SERVICES LIMITED

FONTENERGY CONSTRUCTION SERVICES LIMITED - Company Information

Print Friendly Version

FONTENERGY CONSTRUCTION SERVICES LIMITED

Company Registration Number:
08170605 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

FONTENERGY CONSTRUCTION SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

FONTENERGY CONSTRUCTION SERVICES LIMITED

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 373 0
Total fixed assets: 373 0
Current assets
Debtors: 4 119,810 47,512
Cash at bank and in hand: 27,179 27,529
Total current assets: 146,989 75,041
Creditors: amounts falling due within one year: 5 (729,759) (640,653)
Net current assets (liabilities): (582,770) (565,612)
Total assets less current liabilities: (582,397) (565,612)
Creditors: amounts falling due after more than one year: 6 (70,031) (75,000)
Total net assets (liabilities): (652,428) (640,612)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (652,528) (640,712)
Shareholders funds: (652,428) (640,612)

The notes form part of these financial statements

FONTENERGY CONSTRUCTION SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2022 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 31 March 2023
and signed on behalf of the board by:

Name: P E Tuch
Status: Director

The notes form part of these financial statements

FONTENERGY CONSTRUCTION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and revenue can be reliably measured and the Company has transferred the significant risks and rewards of ownership to the buyer. This is deemed to be following successful completion of the installation of the goods. Until this has been completed costs incurred are prepaid and associated payments on account received are deferred. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Computer equipment is depreciated on a 33% straight line basis. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

FONTENERGY CONSTRUCTION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 3 2

FONTENERGY CONSTRUCTION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 0
Additions 439
At 31 March 2022 439
Depreciation
At 01 April 2021 0
Charge for year 66
At 31 March 2022 66
Net book value
At 31 March 2022 373
At 31 March 2021 0

FONTENERGY CONSTRUCTION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

As at 31 March 2022: Cash at bank £27,179 (2021: £27,529). Trade debtors £3,600 (2021: £47,512). Other Debtors and prepayments £116,210 (2021: £nil).

FONTENERGY CONSTRUCTION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due within one year note

As at 31 March 2022: Trade creditors £130,278 (2021: £216,866). Other taxation and social security £10,607 (2021: £43,566). Other creditors £588,873 (2021: £380,221).

FONTENERGY CONSTRUCTION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Creditors: amounts falling due after more than one year note

As at 31 March 2022: Long-Term Loans £70,031 (2021: £75,000).

FONTENERGY CONSTRUCTION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

7. Related party transactions

Name of the related party: Boxed Esco Services Limited
Relationship:
Common Directors
Description of the Transaction: During the year the Company provided services to Boxed Esco Services Limited for the value of £63,000 (2021: £57,750) net of VAT in respect of management charges and £24,265 (2021: £21,307) in respect of expenses. At the year-end £nil (2021: £4,393) was owed to Boxed Esco Services by the Company. P Tuch and M Button, directors of the Company, are also directors of Boxed Esco Services Limited.
£
Balance at 01 April 2021 4,393
Balance at 31 March 2022 0
Name of the related party: Tuch Consulting Limited
Relationship:
Consultant
Description of the Transaction: During the year Tuch Consulting Limited provided services to the Company for the value of £21,399 (2021: £127,714). During the year Tuch Consulting Limited loaned the Company £nil (2021: £40,000). At the year-end £81,600 (2021: £208,446) was owed to Tuch Consulting Limited by the Company. P Tuch, a director of the Company is also a director of Tuch Consulting Limited.
£
Balance at 01 April 2021 208,446
Balance at 31 March 2022 81,600
Name of the related party: FCS Trading Limited
Relationship:
Holding Company
Description of the Transaction: During the year FCS Trading Limited loaned the Company £25,000 (2021: £ nil) and a balance of £248 (2021: £34,325) was repaid. At the year-end £81,801 (2021: £57,049) was owed to FCS Trading Limited. P Tuch and M Button, directors of the Company, are also directors of FCS Trading Limited.
£
Balance at 01 April 2021 57,049
Balance at 31 March 2022 81,801
Name of the related party: lnsite Holdco Limited
Relationship:
Common directors
Description of the Transaction: During the year lnsite Holdco Limited loaned the Company £38,000 (2021: £10,000) and a balance of £41,738 (2021: £1,100) was repaid. At the year-end £4,000 (2021: £7,738) was owed to lnsite Holdco Limited. P Tuch and M Button, directors of the Company, are also directors of lnsite Holdco Limited.
£
Balance at 01 April 2021 7,738
Balance at 31 March 2022 4,000
Name of the related party: Boxed Energy Limited
Relationship:
Joint Venture
Description of the Transaction: During the year the Company provided services to Boxed Energy Limited for the value of £36,000 (2021 £36,000) net of VAT in respect of management charges. During the year the Company provided services to Boxed Energy Limited for the value of £134,101 (2021: £102,459) net of VAT in respect of on-site services. During the year Boxed Energy Limited loaned the Company £183,429 (2021: £297,000) and a sum of £247,527 (2021: £300,878) was repaid. At the year-end £39,451 (2021: £105,868) was owed to Boxed Energy Limited by the Company. P Tuch and M Button, directors of the Company, are also directors of Boxed Energy Limited.
£
Balance at 01 April 2021 103,549
Balance at 31 March 2022 39,451
Name of the related party: Boxed Light Services Limited
Relationship:
Common directors
Description of the Transaction: During the year the Company provided services to Boxed Light Services Limited for the value of £106,376 (2021: £94,750) net of VAT in respect of management charges. During the year Boxed Light Services Limited loaned the Company £nil (2021: £nil) and a sum of £4,951 (2021: £115,575) was repaid. At the year-end £nil (2021: £4,951) was owed to Boxed Light Services Limited by the Company. P Tuch and M Button, directors of the Company, are also directors of Boxed Light Services Limited.
£
Balance at 01 April 2021 4,951
Balance at 31 March 2022 0