IRIS Accounts Production v23.1.0.753 06052129 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure060521292022-03-31060521292023-03-31060521292022-04-012023-03-31060521292021-03-31060521292021-04-012022-03-31060521292022-03-3106052129ns16:EnglandWales2022-04-012023-03-3106052129ns15:PoundSterling2022-04-012023-03-3106052129ns11:Director12022-04-012023-03-3106052129ns11:Director22022-04-012023-03-3106052129ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3106052129ns11:SmallEntities2022-04-012023-03-3106052129ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3106052129ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106052129ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106052129ns11:FullAccounts2022-04-012023-03-310605212912022-04-012023-03-3106052129ns11:CompanySecretary12022-04-012023-03-3106052129ns11:RegisteredOffice2022-04-012023-03-3106052129ns6:CurrentFinancialInstruments2023-03-3106052129ns6:CurrentFinancialInstruments2022-03-3106052129ns6:Non-currentFinancialInstruments2023-03-3106052129ns6:Non-currentFinancialInstruments2022-03-3106052129ns6:ShareCapital2023-03-3106052129ns6:ShareCapital2022-03-3106052129ns6:FurtherSpecificReserve1ComponentTotalEquity2023-03-3106052129ns6:FurtherSpecificReserve1ComponentTotalEquity2022-03-3106052129ns6:FurtherSpecificReserve2ComponentTotalEquity2023-03-3106052129ns6:FurtherSpecificReserve2ComponentTotalEquity2022-03-3106052129ns6:RetainedEarningsAccumulatedLosses2023-03-3106052129ns6:RetainedEarningsAccumulatedLosses2022-03-3106052129ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3106052129ns6:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3106052129ns6:PlantMachinery2022-04-012023-03-3106052129ns6:MotorVehicles2022-04-012023-03-3106052129ns6:IntangibleAssetsOtherThanGoodwill2022-03-3106052129ns6:IntangibleAssetsOtherThanGoodwill2023-03-3106052129ns6:IntangibleAssetsOtherThanGoodwill2022-03-3106052129ns6:LandBuildings2022-03-3106052129ns6:PlantMachinery2022-03-3106052129ns6:MotorVehicles2022-03-3106052129ns6:ComputerEquipment2022-03-3106052129ns6:LandBuildings2022-04-012023-03-3106052129ns6:ComputerEquipment2022-04-012023-03-3106052129ns6:LandBuildings2023-03-3106052129ns6:PlantMachinery2023-03-3106052129ns6:MotorVehicles2023-03-3106052129ns6:ComputerEquipment2023-03-3106052129ns6:LandBuildings2022-03-3106052129ns6:PlantMachinery2022-03-3106052129ns6:MotorVehicles2022-03-3106052129ns6:ComputerEquipment2022-03-3106052129ns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3106052129ns6:CostValuation2022-03-3106052129ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3106052129ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3106052129ns6:Secured2023-03-3106052129ns6:Secured2022-03-31
REGISTERED NUMBER: 06052129 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MJ Fell Ltd

MJ Fell Ltd (Registered number: 06052129)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MJ Fell Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr M J Fell
Mrs J L Fell





SECRETARY: Mrs J L Fell





REGISTERED OFFICE: Chapel Farm
Newton
Carnforth
Lancashire
LA6 2PA





REGISTERED NUMBER: 06052129 (England and Wales)





ACCOUNTANTS: Benson Accountants
The Mill
Station Road
Wigton
Cumbria
CA7 9BA

MJ Fell Ltd (Registered number: 06052129)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 996,074 1,003,302
Investments 6 100 100
996,174 1,003,402

CURRENT ASSETS
Stocks 269,624 253,164
Debtors 7 153,272 133,971
422,896 387,135
CREDITORS
Amounts falling due within one year 8 463,577 618,702
NET CURRENT LIABILITIES (40,681 ) (231,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

955,493

771,835

CREDITORS
Amounts falling due after more than one
year

9

(108,718

)

(135,272

)

PROVISIONS FOR LIABILITIES (58,297 ) (42,563 )
NET ASSETS 788,478 594,000

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 125,022 125,022
Other reserves 17,824 17,824
Retained earnings 645,532 451,054
788,478 594,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

MJ Fell Ltd (Registered number: 06052129)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 21 June 2023 and were signed on its behalf by:




Mr M J Fell - Director



Mrs J L Fell - Director


MJ Fell Ltd (Registered number: 06052129)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

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

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.

Other are being amortised evenly over their estimated useful life of nil years.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

MJ Fell Ltd (Registered number: 06052129)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 60,000
AMORTISATION
At 1 April 2022
and 31 March 2023 60,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Dairy
property machinery vehicles herd Totals
£    £    £    £    £   
COST
At 1 April 2022 235,527 670,337 11,062 550,049 1,466,975
Additions - 50,240 - - 50,240
Disposals - - - (16,200 ) (16,200 )
At 31 March 2023 235,527 720,577 11,062 533,849 1,501,015
DEPRECIATION
At 1 April 2022 6,490 447,123 10,060 - 463,673
Charge for year - 41,018 250 - 41,268
At 31 March 2023 6,490 488,141 10,310 - 504,941
NET BOOK VALUE
At 31 March 2023 229,037 232,436 752 533,849 996,074
At 31 March 2022 229,037 223,214 1,002 550,049 1,003,302

The net book value of assets held under finance leases or hire purchase contracts, included above, was £NIL (2022 - £21,803).

MJ Fell Ltd (Registered number: 06052129)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 143,870 127,558
Other debtors 9,402 6,413
153,272 133,971

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 290,246 442,188
Hire purchase contracts - 9,168
Trade creditors 19,162 67,361
Taxation and social security 60,127 17,624
Other creditors 94,042 82,361
463,577 618,702

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 108,718 135,272

10. SECURED DEBTS

The following secured debts are included within creditors:

31/3/23 31/3/22
£    £   
Bank overdrafts 262,899 414,049
Bank loans 136,065 163,411
Hire purchase contracts - 9,168
398,964 586,628

MJ Fell Ltd (Registered number: 06052129)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. RELATED PARTY DISCLOSURES

The company owes the directors £73,799 at the year end (2022 - £76,285). During the year, advances of £449,885 (2022 - £47,468) were made to directors and repayments of £452,371 (2022 - £46,500) were made by the directors to the company.