FAME Services UK Limited
FAME Services UK Limited
Unaudited Financial Statements
For The Year Ended
31 May 2023
Blue Cloud Accounting Solutions Limited
128 Saltergate
Chesterfield
Derbyshire
S40 1NG
FAME Services UK Limited
Unaudited Financial Statements
For The Year Ended
31 May 2023
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Page 1
FAME Services UK Limited
Balance Sheet
As At
31 May 2023
Balance Sheet
Registered number:
06909885
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Stocks | 5 |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 9 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 1,040 | 11,096 | |||
Page 1
Page 2
FAME Services UK Limited
Balance Sheet (continued)
As At
31 May 2023
On behalf of the board
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Director
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
FAME Services UK Limited
Notes to the Financial Statements
For The Year Ended
31 May 2023
Notes to the Financial Statements
1.
General Information
FAME Services UK Limited
Registered number
06909885
is a limited by shares company incorporated in England & Wales. The Registered Office is 8 Canal Terrace, Worksop, Nottinghamshire, S80 2DF.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Office Furniture & Computer Equipment |
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2.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5.
Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2022: 11)
Page 3
Page 4
FAME Services UK Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2023
4.
Tangible Assets
| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Office Furniture & Computer Equipment | Total | |
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| £ | £ | £ | £ | £ | |
| Cost | |||||
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| Additions |
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| Depreciation | |||||
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| Provided during the period |
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| Net Book Value | |||||
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5.
Stocks
| 2023 | 2022 | ||
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| £ | £ | ||
| Materials |
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| Work in progress |
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6.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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| Corporation tax recoverable assets |
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| Other taxes and social security |
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| Director's loan account |
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Page 4
Page 5
FAME Services UK Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2023
7.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax |
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| Other taxes and social security | - |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Bank loans |
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9.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 2,227 | 2,425 | |
10.
Share Capital
| 2023 | 2022 | ||
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| £ | £ | ||
| Allotted, Called up and fully paid |
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11.
Other Commitments
At the end of the period the company had minimum lease payments under non-cancellable leases as follows:
| 2023 | 2022 | ||
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| £ | £ | ||
| Not later than one year |
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| Later than one year and not later than five years |
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| Later than five years |
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12.
Pension Commitments
The company operates a defined contribution pension scheme for it's employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £798.59 (PY £1,215.13) were due to the fund. They are included in Other Creditors.
Page 5
Page 6
FAME Services UK Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2023
13.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
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Amounts advanced | Amounts repaid | Amounts written off | As at
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| £ | £ | £ | £ | £ | |
| Mr Stuart Farnsworth |
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The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Mr Stuart Farnsworth | 4,400 | - |
Page 6