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
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
P. Fahey and Sons (U.K.) Limited
Statement of financial position
as at 30 June 2023
Tangible assets
87,016
1,010,217
Cash at bank and in hand
1,000,879
62,724
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
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
P. Fahey and Sons (U.K.) Limited
Notes to the Accounts
for the period from 1 May 2022 to 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
P. Fahey and Sons (U.K.) Limited
Notes to the Accounts
for the period from 1 May 2022 to 30 June 2023
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
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
63,867
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the period the average number of employees was 2 (2022: 2).