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REGISTERED NUMBER: 10762861 (England and Wales)















FIFIELDS COURT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






FIFIELDS COURT LTD (REGISTERED NUMBER: 10762861)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


FIFIELDS COURT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr A.T. Evans
Mr T.A. Evans
Mrs A.C. Evans
Miss K Newell





REGISTERED OFFICE: Technology House
Halesfield 7
Telford
Shropshire
TF7 4NA





REGISTERED NUMBER: 10762861 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FIFIELDS COURT LTD


The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Fifields Court Ltd for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Board of Directors of Fifields Court Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fifields Court Ltd and state those matters that we have agreed to state to the Board of Directors of Fifields Court Ltd, as a body, 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 Fifields Court Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fifields Court Ltd 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 Fifields Court Ltd. You consider that Fifields Court Ltd 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 Fifields Court Ltd. 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.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


10 January 2024

FIFIELDS COURT LTD (REGISTERED NUMBER: 10762861)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,209 9,011

CURRENT ASSETS
Stocks 4,526,346 3,207,806
Debtors 5 3,056 4,994
Cash at bank 207,386 922,643
4,736,788 4,135,443
CREDITORS
Amounts falling due within one year 6 4,740,440 4,140,572
NET CURRENT LIABILITIES (3,652 ) (5,129 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,557

3,882

PROVISIONS FOR LIABILITIES 1,181 1,523
NET ASSETS 2,376 2,359

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,376 1,359
SHAREHOLDERS' FUNDS 2,376 2,359

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.

FIFIELDS COURT LTD (REGISTERED NUMBER: 10762861)

STATEMENT OF FINANCIAL POSITION - 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 10 January 2024 and were signed on its behalf by:





Mr T.A. Evans - Director


FIFIELDS COURT LTD (REGISTERED NUMBER: 10762861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Fifields Court 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 represents net sales of goods/services, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

FIFIELDS COURT LTD (REGISTERED NUMBER: 10762861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 22,000
DEPRECIATION
At 1 June 2022 12,989
Charge for year 1,802
At 31 May 2023 14,791
NET BOOK VALUE
At 31 May 2023 7,209
At 31 May 2022 9,011

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,056 4,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 347 559
Other creditors 4,740,093 4,140,013
4,740,440 4,140,572

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Mr A.T. Evans
Balance outstanding at start of year 30 30
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30 30

FIFIELDS COURT LTD (REGISTERED NUMBER: 10762861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs A.C. Evans
Balance outstanding at start of year 50 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50 50

Mr T.A. Evans
Balance outstanding at start of year 775 775
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 775 775

Miss K Newell
Balance outstanding at start of year 425 425
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 425 425