Company Registration No. 05367527 (England and Wales)
B. L. Farrier Supplies Limited
Unaudited accounts
for the period from 1 December 2021 to 31 December 2022
B. L. Farrier Supplies Limited
Unaudited accounts
Contents
B. L. Farrier Supplies Limited
Company Information
for the period from 1 December 2021 to 31 December 2022
Company Number
05367527 (England and Wales)
Registered Office
Unit 4, Media Point
Wrexham Road
Mold
Flintshire
CH7 1XY
Accountants
Bayliss Baines Limited
29 Chester Street
Wrexham
LL13 8BG
B. L. Farrier Supplies Limited
Statement of financial position
as at 31 December 2022
Tangible assets
6,326
7,906
Inventories
150,000
150,000
Cash at bank and in hand
64,405
95,836
Creditors: amounts falling due within one year
(23,953)
(16,582)
Net current assets
222,880
230,548
Total assets less current liabilities
229,206
238,454
Provisions for liabilities
Deferred tax
(1,202)
(1,502)
Net assets
228,004
236,952
Called up share capital
2
2
Profit and loss account
228,002
236,950
Shareholders' funds
228,004
236,952
For the period ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
S H Jones
Director
Company Registration No. 05367527
B. L. Farrier Supplies Limited
Notes to the Accounts
for the period from 1 December 2021 to 31 December 2022
B. L. Farrier Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 05367527. The registered office is Unit 4, Media Point, Wrexham Road, Mold, Flintshire, CH7 1XY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Fixtures & fittings
20% reducing balance basis
Computer equipment
20% reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
B. L. Farrier Supplies Limited
Notes to the Accounts
for the period from 1 December 2021 to 31 December 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2021
13,039
15,347
7,712
36,098
At 31 December 2022
13,039
15,347
7,712
36,098
At 1 December 2021
8,497
13,136
6,559
28,192
Charge for the period
908
442
230
1,580
At 31 December 2022
9,405
13,578
6,789
29,772
At 31 December 2022
3,634
1,769
923
6,326
At 30 November 2021
4,542
2,211
1,153
7,906
Amounts falling due within one year
Other debtors
25,159
1,294
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
6,177
14,896
Other creditors
1,375
1,600
7
Deferred taxation
2022
2021
Accelerated capital allowances
1,202
1,502
Provision at start of period
1,502
7,334
Credited to the profit and loss account
(300)
(5,832)
Provision at end of period
1,202
1,502
8
Average number of employees
During the period the average number of employees was 2 (2021: 4).