B Feltham (Maintenance) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00821192 (England and Wales)

B FELTHAM (MAINTENANCE) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

D Feltham

REGISTERED OFFICE:

The Exchange

5 Bank Street

Bury

BL9 0DN

REGISTERED NUMBER:

00821192 (England and Wales)

ACCOUNTANTS:

DTE Business Advisers Limited

The Exchange

5 Bank Street

Bury

BL9 0DN

FIXED ASSETS

Property, plant and equipment

4

14,463

19,031

CURRENT ASSETS

Inventories

20,000

25,000

Debtors

5

406,186

408,450

426,186

433,450

CREDITORS

Amounts falling due within one year

6

(1,088,436

)

(1,027,134

)

NET CURRENT LIABILITIES

(662,250

)

(593,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(647,787

)

(574,653

)

CREDITORS

Amounts falling due after more than one year

7

(19,490

)

(40,014

)

NET LIABILITIES

(667,277

)

(614,667

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(667,279

)

(614,669

)

SHAREHOLDERS' FUNDS

(667,277

)

(614,667

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2024 and were signed by:

D Feltham - Director

1.	STATUTORY INFORMATION

B Feltham (Maintenance) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00821192 and its registered office address is The Exchange, 5 Bank Street, Bury, BL9 0DN.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has the continued support of other companies within the group. As such, the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Critical accounting estimates and judgements

In the application of the company's accounting policies, the director is required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

There are no estimates and assumptions which have a significant risk that are considered to be material.

Revenue

Revenue comprises the aggregate of the fair value of services provided, net of value-added tax, rebates and discounts. Service revenues are recognised as those services are provided to customers.

Property plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost, 25% on reducing balance and 15% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Inventories

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts and finance leases are capitalised as property, plant and equipment and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals paid under operating leases are charged to the income statement as incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 July 2022

and 30 June 2023

144,921

DEPRECIATION

At 1 July 2022

125,890

Charge for year

4,568

At 30 June 2023

130,458

NET BOOK VALUE

At 30 June 2023

14,463

At 30 June 2022

19,031

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2022

and 30 June 2023

32,965

DEPRECIATION

At 1 July 2022

19,058

Charge for year

3,477

At 30 June 2023

22,535

NET BOOK VALUE

At 30 June 2023

10,430

At 30 June 2022

13,907

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

187,896

244,169

Other debtors

218,290

164,281

406,186

408,450

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

54,375

43,362

Hire purchase contracts

898

7,968

Trade creditors

104,618

65,175

Taxation and social security

7,250

18,621

Other creditors

921,295

892,008

1,088,436

1,027,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

19,490

40,014

8.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

30,276

40,014

Hire purchase contracts

898

7,968

31,174

47,982

The hire purchase contracts are secured against the related assets.

9.	RELATED PARTY DISCLOSURES

Included within other creditors are amounts totalling £921,295 (2020 : £887,677) due to related companies and parties.

Included within other debtors are amounts totalling £218,290 (2022 : £164,281) due from related companies.

Included within trade debtors are amounts totalling £168,214 (2022 : £213,272) due from related companies and parties.