2022-10-012023-09-302023-09-30false05232006FAIRFIELDS CREATIONS 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FAIRFIELDS CREATIONS LIMITED

Registered Number
05232006
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

FAIRFIELDS CREATIONS LIMITED
Company Information
for the year from 1 October 2022 to 30 September 2023

Director

MCGILLOWAY, Geoffrey Patrick

Registered Address

Unit 11 Broadgate House
Westlode Street
Spalding
PE11 2AF

Registered Number

05232006 (England and Wales)
FAIRFIELDS CREATIONS LIMITED
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets515,76620,294
15,76620,294
Current assets
Debtors628,92628,653
Cash at bank and on hand148,952150,687
177,878179,340
Creditors amounts falling due within one year7(11,524)(28,103)
Net current assets (liabilities)166,354151,237
Total assets less current liabilities182,120171,531
Net assets182,120171,531
Capital and reserves
Called up share capital450450
Profit and loss account181,670171,081
Shareholders' funds182,120171,531
The financial statements were approved and authorised for issue by the Director on 10 November 2023, and are signed on its behalf by:
MCGILLOWAY, Geoffrey Patrick
Director
Registered Company No. 05232006
FAIRFIELDS CREATIONS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 October 2240,05744,1592,29286,508
At 30 September 2340,05744,1592,29286,508
Depreciation and impairment
At 01 October 2236,79628,65476466,214
Charge for year6633,1017644,528
At 30 September 2337,45931,7551,52870,742
Net book value
At 30 September 232,59812,40476415,766
At 30 September 223,26115,5051,52820,294
6.Debtors

2023

2022

££
Trade debtors / trade receivables16,61713,616
Other debtors11,34915,037
Other debtors (Non-current)960-
Total28,92628,653
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables3,9774,424
Taxation and social security7,10114,347
Other creditors4469,332
Total11,52428,103
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.
8.Creditors after one year