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REGISTERED NUMBER: 04953241 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Chris Fountain Limited

Chris Fountain Limited (Registered number: 04953241)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chris Fountain Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: C G Fountain
Mrs S Fountain



REGISTERED OFFICE: Unit 3
Fen Road Ind Estate
Fen Road, Frampton Fen
Boston
Lincolnshire
PE20 1SD



REGISTERED NUMBER: 04953241 (England and Wales)



ACCOUNTANTS: Bostockwhite Limited
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ



BANKERS: Barclays Bank plc
52 Market Place
Boston
Lincolnshire
PE21 6LU

Chris Fountain Limited (Registered number: 04953241)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,019 -
Tangible assets 5 103,885 76,605
118,904 76,605

CURRENT ASSETS
Stocks 78,570 162,430
Debtors 6 439,826 402,344
Cash at bank 402,933 129,272
921,329 694,046
CREDITORS
Amounts falling due within one year 7 256,286 284,539
NET CURRENT ASSETS 665,043 409,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,947

486,112

CREDITORS
Amounts falling due after more than one year 8 (25,000 ) (35,000 )

PROVISIONS FOR LIABILITIES 9 (25,971 ) (14,555 )

ACCRUALS AND DEFERRED INCOME (13,168 ) (15,492 )
NET ASSETS 719,808 421,065

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 718,808 420,065
SHAREHOLDERS' FUNDS 719,808 421,065

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

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

Chris Fountain Limited (Registered number: 04953241)

Balance Sheet - continued
31 May 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 16 February 2024 and were signed on its behalf by:





C G Fountain - Director


Chris Fountain Limited (Registered number: 04953241)

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

1. STATUTORY INFORMATION

Chris Fountain 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 invoiced income accrued during the year, excluding value added tax. Revenue is recognised on completion of the work done.

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.

Computer software is being amortised evenly over its 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.
Freehold property - 25% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recognised at cost which is the purchase price plus any directly attributable costs. Subsequently, tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

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

Work in progress is valued at the lower of cost and net realisable value. Cost consists of direct materials, labour and attributable overheads. Net realisable value is based on estimated selling price, less any further costs of realisation.

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.


Chris Fountain Limited (Registered number: 04953241)

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

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.

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.

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 11 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 18,774
At 31 May 2023 18,774
AMORTISATION
Charge for year 3,755
At 31 May 2023 3,755
NET BOOK VALUE
At 31 May 2023 15,019

Chris Fountain Limited (Registered number: 04953241)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 37,167 96,670 133,837
Additions - 47,770 47,770
At 31 May 2023 37,167 144,440 181,607
DEPRECIATION
At 1 June 2022 21,850 35,382 57,232
Charge for year 3,064 17,426 20,490
At 31 May 2023 24,914 52,808 77,722
NET BOOK VALUE
At 31 May 2023 12,253 91,632 103,885
At 31 May 2022 15,317 61,288 76,605

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 287,431 345,944
Amounts owed by group undertakings 44,097 -
Other debtors 108,298 56,400
439,826 402,344

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 116,175 178,417
Amounts owed to group undertakings - 12,666
Taxation and social security 116,139 47,499
Other creditors 13,972 35,957
256,286 284,539

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 25,000 35,000

Chris Fountain Limited (Registered number: 04953241)

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

9. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 25,971 14,555

Deferred
tax
£   
Balance at 1 June 2022 14,555
Provided during year 11,416
Balance at 31 May 2023 25,971

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
C G Fountain
Balance outstanding at start of year (26,572 ) (53,696 )
Amounts advanced 125,702 114,874
Amounts repaid (8,647 ) (87,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,483 (26,572 )