Friends Building Contractors Limited,Ltd - AccountsLtd - Accounts

Friends Building Contractors Limited,Ltd - AccountsLtd - Accounts

FRIENDS BUILDING CONTRACTORS LIMITED - Company Information

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2022-01-01 04947010 2022-12-31 04947010 2022-01-01 2022-12-31 04947010 2021-12-31 04947010 2021-01-01 2021-12-31 04947010 uk-core:WithinOneYear uk-bus:Original 2021-12-31 04947010 uk-core:WithinOneYear uk-bus:Original 2022-12-31 04947010 uk-core:AfterOneYear uk-bus:Original 2021-12-31 04947010 uk-core:AfterOneYear uk-bus:Original 2022-12-31 04947010 uk-core:ShareCapital uk-bus:Original 2022-12-31 04947010 uk-core:ShareCapital uk-bus:Original 2021-12-31 04947010 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-12-31 04947010 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2021-12-31 04947010 uk-bus:Director1 uk-bus:Original 2022-01-01 2022-12-31 04947010 uk-core:PlantMachinery uk-bus:Original 2022-01-01 2022-12-31 04947010 uk-core:CommercialMotorVehicles uk-bus:Original 2022-01-01 2022-12-31 04947010 uk-core:FurnitureFittings uk-bus:Original 2022-01-01 2022-12-31 04947010 uk-core:FurnitureFittings uk-bus:Original 2021-12-31 04947010 uk-core:CommercialMotorVehicles uk-bus:Original 2021-12-31 04947010 uk-core:PlantMachinery uk-bus:Original 2021-12-31 04947010 uk-core:PlantMachinery uk-bus:Original 2022-12-31 04947010 uk-core:CommercialMotorVehicles uk-bus:Original 2022-12-31 04947010 uk-core:FurnitureFittings uk-bus:Original 2022-12-31 04947010 uk-core:WithinOneYear uk-bus:Original uk-core:Secured 2022-12-31 04947010 uk-core:WithinOneYear uk-bus:Original uk-core:Secured 2021-12-31 iso4217:GBP xbrli:pure 04947010 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-01-01 2022-12-31 04947010 uk-bus:FRS102 uk-bus:Original 2022-01-01 2022-12-31 04947010 uk-bus:FilletedAccounts uk-bus:Original 2022-01-01 2022-12-31 04947010 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-01-01 2022-12-31
Friends Building Contractors Limited
Registered Number:04947010
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Friends Building Contractors Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04947010
As at 31 December 2022
Friends Building Contractors Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
38,351
27,042
2
38,351
27,042
Current assets
Inventories
79,241
42,295
3
Trade and other receivables
42,205
33,756
4
35,507
Cash and cash equivalents
98,667
174,718
156,953
Trade and other payables: amounts falling due within one
year
(145,167)
(128,294)
5
11,786
46,424
Net current assets
Total assets less current liabilities
84,775
38,828
Trade and other payables: amounts falling due after more
than one year
(22,573)
(48,997)
6
35,778
Net assets
16,255
Capital and reserves
Called up share capital
2
2
Retained earnings
35,776
16,253
35,778
16,255
Shareholders' funds
For the year ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Avtar Jheeta Director
These financial statements were approved and authorised for issue by the Board on 24 December 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2022
Friends Building Contractors Limited
Notes to the Financial Statements
Statutory Information
Friends Building Contractors Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04947010.
Registered address:
596A Romford Road
Manor Park
London
E12 5AF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
2 of 4
5
For the year ended 31 December 2022
Friends Building Contractors Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 January 2022
75,564
4,197
59,008
12,359
23,928
-
23,928
-
Additions
At 31 December 2022
12,359
82,936
4,197
99,492
Provision for depreciation and impairment
At 01 January 2022
48,522
3,553
33,202
11,767
Charge for year
12,619
97
12,433
89
At 31 December 2022
61,141
3,650
45,635
11,856
At 31 December 2022
Net book value
503
37,301
547
38,351
At 31 December 2021
592
25,806
644
27,042
3. Inventories
2021
2022
£
£
Stocks
42,295
79,241
4. Trade and other receivables
2021
2022
£
£
Trade debtors
23,870
37,139
Other debtors
9,886
5,066
42,205
33,756
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft (secured)
-
1,100
Trade creditors
63,421
72,129
Taxation and social security
15,552
25,082
Other creditors
49,321
46,856
128,294
145,167
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6
For the year ended 31 December 2022
Friends Building Contractors Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Other creditors
48,997
22,573
7. Average number of persons employed
During the year the average number of employees was 7 (2021 : 6)
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