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REGISTERED NUMBER: 05055621 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

A FLETCHER & SONS LIMITED

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

A FLETCHER & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: A D J Fletcher





SECRETARY: Mrs W Fletcher





REGISTERED OFFICE: 148 Commercial Road
Totton
Southampton
SO40 3AA





REGISTERED NUMBER: 05055621 (England and Wales)





ACCOUNTANTS: R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,448 46,344

CURRENT ASSETS
Stocks 5 9,176 9,450
Debtors 6 67,264 37,484
Cash at bank and in hand 33,253 50,506
109,693 97,440
CREDITORS
Amounts falling due within one year 7 90,332 32,375
NET CURRENT ASSETS 19,361 65,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,809

111,409

CREDITORS
Amounts falling due after more than one year 8 (65,878 ) (65,677 )

PROVISIONS FOR LIABILITIES 10 (2,296 ) (6,636 )
NET ASSETS 42,635 39,096

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 42,634 39,095
SHAREHOLDERS' FUNDS 42,635 39,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

BALANCE SHEET - continued
28 FEBRUARY 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 director and authorised for issue on 22 November 2023 and were signed by:





A D J Fletcher - Director


A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

A Fletcher & Sons 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. Turnover is recognised as soon as the work is completed.

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.
Fixtures & fittings - 25% on reducing balance
Tools & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Tools & Motor Computer
& fittings equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 1,671 11,158 110,539 2,880 126,248
Additions - 21,411 41,750 1,378 64,539
Disposals - - (13,000 ) - (13,000 )
At 28 February 2023 1,671 32,569 139,289 4,258 177,787
DEPRECIATION
At 1 March 2022 1,310 9,296 67,600 1,698 79,904
Charge for year 88 3,146 14,818 325 18,377
Eliminated on disposal - - (11,942 ) - (11,942 )
At 28 February 2023 1,398 12,442 70,476 2,023 86,339
NET BOOK VALUE
At 28 February 2023 273 20,127 68,813 2,235 91,448
At 28 February 2022 361 1,862 42,939 1,182 46,344

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 66,144
Additions 41,750
Disposals (13,000 )
At 28 February 2023 94,894
DEPRECIATION
At 1 March 2022 31,298
Charge for year 12,795
Eliminated on disposal (11,942 )
At 28 February 2023 32,151
NET BOOK VALUE
At 28 February 2023 62,743
At 28 February 2022 34,846

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. STOCKS
2023 2022
£    £   
Stocks 9,176 9,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 65,845 36,637
Prepayments and accrued income 1,419 847
67,264 37,484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) - 2,969
Hire purchase contracts 12,575 9,426
Trade creditors 57,335 5,801
Social security and other taxes 2,725 2,558
VAT 12,712 5,775
Other creditors 4,962 5,237
Directors' current accounts 23 609
90,332 32,375

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 42,130 47,686
Hire purchase contracts 23,748 17,991
65,878 65,677

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,352 19,908

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 2,969

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,556 5,556

A FLETCHER & SONS LIMITED (REGISTERED NUMBER: 05055621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 22,222 22,222

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,352 19,908

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,296 6,636

Deferred
tax
£   
Balance at 1 March 2022 6,636
Increase in provision (4,340 )
Balance at 28 February 2023 2,296

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary shares £1 1 1

12. RESERVES
Retained
earnings
£   

At 1 March 2022 39,095
Profit for the year 5,279
Dividends (1,740 )
At 28 February 2023 42,634

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A FLETCHER & SONS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A Fletcher & Sons Limited for the year ended 28 February 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A Fletcher & Sons Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A Fletcher & Sons Limited and state those matters that we have agreed to state to the director of A Fletcher & Sons Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Fletcher & Sons Limited and its director for our work or for this report.

It is your duty to ensure that A Fletcher & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A Fletcher & Sons Limited. You consider that A Fletcher & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A Fletcher & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






R A Vowles & Co
Chartered Accountants
148 Commercial Road
Totton
Southampton
Hampshire
S040 3AA


22 November 2023