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REGISTERED NUMBER: 09298068 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Fenelon Storage Tanks Limited

Fenelon Storage Tanks Limited (Registered number: 09298068)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fenelon Storage Tanks Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: D Sheldon
J Patoff





REGISTERED OFFICE: Roften House North Road
Ellesmere Port
Cheshire
CH65 1AB





REGISTERED NUMBER: 09298068 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Fenelon Storage Tanks Limited (Registered number: 09298068)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,084 19,262

CURRENT ASSETS
Stocks 75,830 250,236
Debtors 5 3,234,534 2,348,307
Cash at bank and in hand 760,961 780,861
4,071,325 3,379,404
CREDITORS
Amounts falling due within one year 6 (1,824,158 ) (1,508,051 )
NET CURRENT ASSETS 2,247,167 1,871,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,259,251

1,890,615

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 2,259,151 1,890,515
SHAREHOLDERS' FUNDS 2,259,251 1,890,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





D Sheldon - Director


Fenelon Storage Tanks Limited (Registered number: 09298068)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Fenelon Storage Tanks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
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 stocks to their present location and condition.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2020 - NIL ) .

Fenelon Storage Tanks Limited (Registered number: 09298068)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 143,882
Additions 8,200
Disposals (6,094 )
At 31 December 2021 145,988
DEPRECIATION
At 1 January 2021 124,620
Charge for year 13,854
Eliminated on disposal (4,570 )
At 31 December 2021 133,904
NET BOOK VALUE
At 31 December 2021 12,084
At 31 December 2020 19,262

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 1,604,800 971,798
Amounts owed by group undertakings 1,613,382 1,361,028
Other debtors 16,352 15,481
3,234,534 2,348,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors 542,359 402,882
Amounts owed to group undertakings 713,369 531,700
Taxation and social security 393,391 405,835
Other creditors 175,039 167,634
1,824,158 1,508,051

7. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
100 Share capital 1 £1 100 100

Fenelon Storage Tanks Limited (Registered number: 09298068)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. RESERVES
Retained
earnings
£   

At 1 January 2021 1,890,515
Profit for the year 368,636
At 31 December 2021 2,259,151

9. RELATED PARTY DISCLOSURES

Fenelon Storage Tanks Limited is a subsidiary company of Fenelon Storage UK Limited. Fenelon Storage Tanks Limited : UK Branch and The Tank Design House Limited are also subsidiary Companies within the same group of Companies.

As at 31 December 2021 Fenelon Storage Tanks Limited owed The Tank Design House Limited £405,064 (2020 - £240,613)

As at 31 December 2021, Fenelon Storage Tanks Limited were owed £1,613,382 (2020- £1,361,028) by fenelon Storage UK Limited.

As at 31 December 2021, Fenelon Storage Tanks Limited owed Fenelon Storage Tanks Limited : UK Branch £298,305 (2020 - £291,087).