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REGISTERED NUMBER: 00763648 (England and Wales)


















C Fewster & Son Limited

Unaudited Financial Statements for the Year Ended 31st December 2022






C Fewster & Son Limited (Registered number: 00763648)






Contents of the Financial Statements
for the year ended 31st December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C Fewster & Son Limited

Company Information
for the year ended 31st December 2022







DIRECTORS: D R Fewster
D S Fewster



REGISTERED OFFICE: 2 Church Lane
Patrington
East Yorkshire
HU12 0RJ



REGISTERED NUMBER: 00763648 (England and Wales)



ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA



BANKERS: Barclays Bank PLC
Hull Corporate Banking Centre
Hull
East Yorkshire
HU1 1RN

C Fewster & Son Limited (Registered number: 00763648)

Balance Sheet
31st December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 593,478 438,375
Investments 5 4,400 4,400
597,878 442,775

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 72,415 108,233
Cash at bank and in hand 554,656 427,675
629,071 537,908
CREDITORS
Amounts falling due within one year 7 215,464 163,007
NET CURRENT ASSETS 413,607 374,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,011,485

817,676

PROVISIONS FOR LIABILITIES 21,944 26,997
NET ASSETS 989,541 790,679

CAPITAL AND RESERVES
Called up share capital 8 2,200 2,200
Revaluation reserve 337,496 238,392
Capital redemption reserve 300 300
Capital reserves 9,002 9,002
Retained earnings 640,543 540,785
SHAREHOLDERS' FUNDS 989,541 790,679

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

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

C Fewster & Son Limited (Registered number: 00763648)

Balance Sheet - continued
31st December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2023 and were signed on its behalf by:





D S Fewster - Director


C Fewster & Son Limited (Registered number: 00763648)

Notes to the Financial Statements
for the year ended 31st December 2022

1. STATUTORY INFORMATION

C Fewster & Son 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services,excluding value added tax. In the case of contract work,turnover is calculated on the basis of the value of work executed during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property- 2% on valuation
Plant and machinery- 10% on cost
Motor vehicles- 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock and work in progress is stated at the lower of cost and net realisable value. Cost represents that expenditure which has been incurred in the normal course of business in bringing the product or service to its present location and condition.

In the case of raw materials and consumable stores, cost means purchase price including transport and handling costs, less trade discounts, claculated on a first in first out basis. In the case of work in progress, cost consists of direct materials, direct labour and attributable production overheads based on normal levels of activity.

Net realisable value means estimated selling price less all further costs to completion and all costs to be incurred in marketing and distribution.


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


C Fewster & Son Limited (Registered number: 00763648)

Notes to the Financial Statements - continued
for the year ended 31st December 2022

2. ACCOUNTING POLICIES - continued
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.

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.

Long term contracts
Long term contracts are stated at cost net of amounts transferred to cost of sales less any foreseeable losses and progress payments received and receivable not matched with turnover. A foreseeable loss is that which is currently estimated to arise over the duration of any contract, irrespective of the amount of work carried out at the balance sheet date.

Profit on long term contracts is recognised when the outcome of contracts can be assessed with reasonable certainty and is that amount which is estimated to fairly reflect the profit arising up to the accounting date. Profit on long term contracts is recognised in the profit and loss account as the difference between the reported turnover and the related costs.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1st January 2022 410,289 31,416 184,594 626,299
Additions 85,266 - - 85,266
Disposals (6,203 ) - - (6,203 )
Revaluations (14,352 ) - - (14,352 )
At 31st December 2022 475,000 31,416 184,594 691,010
DEPRECIATION
At 1st January 2022 116,260 1,895 69,769 187,924
Charge for year 7,696 3,142 22,726 33,564
Eliminated on disposal (2,427 ) - - (2,427 )
Revaluation adjustments (121,529 ) - - (121,529 )
At 31st December 2022 - 5,037 92,495 97,532
NET BOOK VALUE
At 31st December 2022 475,000 26,379 92,099 593,478
At 31st December 2021 294,029 29,521 114,825 438,375

C Fewster & Son Limited (Registered number: 00763648)

Notes to the Financial Statements - continued
for the year ended 31st December 2022

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st December 2022 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2006 289,929 - - 289,929
Valuation in 2022 (14,352 ) - - (14,352 )
Cost 199,423 31,416 184,594 415,433
475,000 31,416 184,594 691,010

If freehold property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 199,423 95,065
Aggregate depreciation 61,918 60,005

Freehold property was valued on an open market basis on 1st January 2023 by F Hill & Son .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2022
and 31st December 2022 4,400
NET BOOK VALUE
At 31st December 2022 4,400
At 31st December 2021 4,400

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 42,821 80,458
Other debtors 29,594 27,775
72,415 108,233

C Fewster & Son Limited (Registered number: 00763648)

Notes to the Financial Statements - continued
for the year ended 31st December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 43,941 41,353
Amounts owed to group undertakings 4,400 4,400
Taxation and social security 32,104 3,960
Other creditors 135,019 113,294
215,464 163,007

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
2,200 Ordinary £1 2,200 2,200

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,666 were paid to the directors .

The balance of the loans owed to the directors as at the year end is £115,316 (2021 £100,650)