Registered number
09054960
Fairdale (UK) Limited
Filleted Accounts
30 June 2023
Fairdale (UK) Limited
Registered number: 09054960
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 24,603 32,803
Current assets
Debtors 4 34,933 34,517
Cash at bank and in hand 8,059 53,715
42,992 88,232
Creditors: amounts falling due within one year 5 (64,140) (64,849)
Net current (liabilities)/assets (21,148) 23,383
Total assets less current liabilities 3,455 56,186
Creditors: amounts falling due after more than one year 6 (2,346) (39,179)
Net assets 1,109 17,007
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,009 16,907
Shareholders' funds 1,109 17,007
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P A R Scroxton
Director
Approved by the board on 24 October 2023
Fairdale (UK) Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicle 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures & fittings 10% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 July 2022 76,973 23,934 100,907
At 30 June 2023 76,973 23,934 100,907
Depreciation
At 1 July 2022 54,267 13,837 68,104
Charge for the year 5,676 2,524 8,200
At 30 June 2023 59,943 16,361 76,304
Net book value
At 30 June 2023 17,030 7,573 24,603
At 30 June 2022 22,706 10,097 32,803
4 Debtors 2023 2022
£ £
Trade debtors 21,234 20,818
Amounts owed by group undertakings and undertakings in which the company has a participating interest 13,699 13,699
34,933 34,517
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 39,068 44,001
Taxation and social security costs 20,380 16,156
Other creditors 4,692 4,692
64,140 64,849
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 32,141
Other creditors 2,346 7,038
2,346 39,179
7 Other information
Fairdale (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 4
87 Chalkwell Esplanade
Westcliff-on-Sea
Essex
SS0 8JJ
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