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REGISTERED NUMBER: 03205966 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JULY 2021 TO 31 MARCH 2022

FOR

FELCON LIMITED

FELCON LIMITED (REGISTERED NUMBER: 03205966)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2021 TO 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FELCON LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2021 TO 31 MARCH 2022







DIRECTOR: I N Mutton





REGISTERED OFFICE: 5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
West Midlands
CV3 4GA





REGISTERED NUMBER: 03205966 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
5 Argosy Court
Scimitar Way
Whitley Business Park
Coventry
CV3 4GA

FELCON LIMITED (REGISTERED NUMBER: 03205966)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,922 17,820
33,922 17,820

CURRENT ASSETS
Stocks 184,777 66,372
Debtors 6 505,961 544,583
Cash at bank and in hand 449,604 561,049
1,140,342 1,172,004
CREDITORS
Amounts falling due within one year 7 885,406 666,917
NET CURRENT ASSETS 254,936 505,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,858

522,907

PROVISIONS FOR LIABILITIES 319 3,418
NET ASSETS 288,539 519,489

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 288,439 519,389
SHAREHOLDERS' FUNDS 288,539 519,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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.

FELCON LIMITED (REGISTERED NUMBER: 03205966)

BALANCE SHEET - continued
31 MARCH 2022


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 18 August 2022 and were signed by:





I N Mutton - Director


FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2021 TO 31 MARCH 2022


1. STATUTORY INFORMATION

Felcon 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill has now been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Alterations to premises - over remaining life of lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 period was 31 (2021 - 38 ) .

FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2021 TO 31 MARCH 2022


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2021
and 31 March 2022 50,000
AMORTISATION
At 1 July 2021
and 31 March 2022 50,000
NET BOOK VALUE
At 31 March 2022 -
At 30 June 2021 -

5. TANGIBLE FIXED ASSETS
Alterations Fixtures
to Plant and and Motor
premises machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2021 52,317 99,752 75,598 42,678 270,345
Additions - 16,325 5,700 - 22,025
Disposals - - (4,650 ) - (4,650 )
At 31 March 2022 52,317 116,077 76,648 42,678 287,720
DEPRECIATION
At 1 July 2021 52,317 95,770 75,598 28,840 252,525
Charge for period - 2,846 483 2,594 5,923
Eliminated on disposal - - (4,650 ) - (4,650 )
At 31 March 2022 52,317 98,616 71,431 31,434 253,798
NET BOOK VALUE
At 31 March 2022 - 17,461 5,217 11,244 33,922
At 30 June 2021 - 3,982 - 13,838 17,820

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 458,764 482,314
Other debtors 47,197 62,269
505,961 544,583

FELCON LIMITED (REGISTERED NUMBER: 03205966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2021 TO 31 MARCH 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Payments on account 327,125 51,092
Trade creditors 206,317 241,876
Amounts owed to group undertakings 203,214 268,864
Taxation and social security 115,124 64,145
Other creditors 33,626 40,940
885,406 666,917

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE PARENT COMPANY

The ultimate parent company is HPM Products Limited, a company registered in England and Wales.