IRIS Accounts Production v22.1.4.3 05936648 director 1.1.21 31.12.21 31.12.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure059366482020-12-31059366482021-12-31059366482021-01-012021-12-31059366482019-12-31059366482020-01-012020-12-31059366482020-12-3105936648ns16:EnglandWales2021-01-012021-12-3105936648ns15:PoundSterling2021-01-012021-12-3105936648ns11:Director12021-01-012021-12-3105936648ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3105936648ns11:SmallEntities2021-01-012021-12-3105936648ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3105936648ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3105936648ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3105936648ns11:FullAccounts2021-01-012021-12-3105936648ns11:CompanySecretary12021-01-012021-12-3105936648ns11:RegisteredOffice2021-01-012021-12-3105936648ns6:CurrentFinancialInstruments2021-12-3105936648ns6:CurrentFinancialInstruments2020-12-3105936648ns6:ShareCapital2021-12-3105936648ns6:ShareCapital2020-12-3105936648ns6:RetainedEarningsAccumulatedLosses2021-12-3105936648ns6:RetainedEarningsAccumulatedLosses2020-12-3105936648ns6:PlantMachinery2021-01-012021-12-3105936648ns6:PlantMachinery2020-12-3105936648ns6:PlantMachinery2021-12-3105936648ns6:PlantMachinery2020-12-3105936648ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3105936648ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-31
REGISTERED NUMBER: 05936648 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Thomas Fear & Co Limited

Thomas Fear & Co Limited (Registered number: 05936648)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas Fear & Co Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: T M Fear





SECRETARY: Mrs O K Fear





REGISTERED OFFICE: 1 Eastfield Road
Westbury-on-Trym
Bristol
BS9 4AD





REGISTERED NUMBER: 05936648 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Thomas Fear & Co Limited (Registered number: 05936648)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,213 8,125

CURRENT ASSETS
Debtors 5 8,439 8,154
Investments 6 49,609 46,692
Cash at bank 41,577 34,342
99,625 89,188
CREDITORS
Amounts falling due within one year 7 47,178 38,111
NET CURRENT ASSETS 52,447 51,077
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,660

59,202

PROVISIONS FOR LIABILITIES 1,370 1,544
NET ASSETS 58,290 57,658

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,190 57,558
SHAREHOLDERS' FUNDS 58,290 57,658

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 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.

Thomas Fear & Co Limited (Registered number: 05936648)

Balance Sheet - continued
31 December 2021


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 13 August 2022 and were signed by:





T M Fear - Director


Thomas Fear & Co Limited (Registered number: 05936648)

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

1. STATUTORY INFORMATION

Thomas Fear & Co 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.

Turnover
Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

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 reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Thomas Fear & Co Limited (Registered number: 05936648)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 21,392
Additions 1,189
At 31 December 2021 22,581
DEPRECIATION
At 1 January 2021 13,267
Charge for year 2,101
At 31 December 2021 15,368
NET BOOK VALUE
At 31 December 2021 7,213
At 31 December 2020 8,125

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 8,439 8,154

Thomas Fear & Co Limited (Registered number: 05936648)

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

6. CURRENT ASSET INVESTMENTS
31.12.21 31.12.20
£    £   
Listed investments 49,609 46,692

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors - 914
Taxation and social security 33,764 27,777
Other creditors 13,414 9,420
47,178 38,111

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into the following transactions with the director:



20212020

Dividends paid102,00081,000

Capital introduced/(withdrawn)3,1312,379

At the year end, the amount due to the director was £9,536 (2020: £6,405).