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Company Registration No. 02404168 (England and Wales)
P. Fahey and Sons (U.K.) Limited Unaudited accounts for the period from 1 May 2022 to 30 June 2023
P. Fahey and Sons (U.K.) Limited Unaudited accounts Contents
Page
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P. Fahey and Sons (U.K.) Limited Company Information for the period from 1 May 2022 to 30 June 2023
Directors
Mr A P Fahey Mr S Fahey
Company Number
02404168 (England and Wales)
Registered Office
Globe House 88-118 Chorlton Rd, Old Trafford Stretford Manchester M15 4AL
Accountants
3rd Eye Accountax LTD PO Box 163 Manchester Greater Manchester M26 6DD
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P. Fahey and Sons (U.K.) Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
87,016 
1,010,217 
Current assets
Debtors
1,090,015 
984,064 
Cash at bank and in hand
1,000,879 
62,724 
2,090,894 
1,046,788 
Creditors: amounts falling due within one year
(391,631)
(748,514)
Net current assets
1,699,263 
298,274 
Total assets less current liabilities
1,786,279 
1,308,491 
Creditors: amounts falling due after more than one year
- 
(98,304)
Net assets
1,786,279 
1,210,187 
Capital and reserves
Called up share capital
120 
120 
Revaluation reserve
620,398 
620,398 
Profit and loss account
1,165,761 
589,669 
Shareholders' funds
1,786,279 
1,210,187 
For the period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 December 2023 and were signed on its behalf by
Mr A P Fahey Director Company Registration No. 02404168
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P. Fahey and Sons (U.K.) Limited Notes to the Accounts for the period from 1 May 2022 to 30 June 2023
1
Statutory information
P. Fahey and Sons (U.K.) Limited is a private company, limited by shares, registered in England and Wales, registration number 02404168. The registered office is Globe House, 88-118 Chorlton Rd, Old Trafford, Stretford, Manchester, M15 4AL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2022
992,662 
3,400 
11,000 
119,846 
1,126,908 
Additions
- 
35,210 
37,300 
- 
72,510 
Disposals
(992,662)
- 
- 
- 
(992,662)
At 30 June 2023
- 
38,610 
48,300 
119,846 
206,756 
Depreciation
At 1 May 2022
- 
1,088 
11,000 
104,603 
116,691 
Charge for the period
- 
- 
- 
3,049 
3,049 
At 30 June 2023
- 
1,088 
11,000 
107,652 
119,740 
Net book value
At 30 June 2023
- 
37,522 
37,300 
12,194 
87,016 
At 30 June 2022
992,662 
2,312 
- 
15,243 
1,010,217 
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P. Fahey and Sons (U.K.) Limited Notes to the Accounts for the period from 1 May 2022 to 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,240 
25,123 
Amounts due from group undertakings etc.
559,539 
469,705 
Other debtors
489,236 
489,236 
1,090,015 
984,064 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
63,867 
VAT
(14,002)
351 
Trade creditors
93,256 
84,585 
Taxes and social security
163,467 
38,216 
Other creditors
116,416 
424,740 
Loans from directors
4,000 
98,200 
Accruals
28,494 
38,555 
391,631 
748,514 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
98,304 
8
Average number of employees
During the period the average number of employees was 2 (2022: 2).
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