Registered number
10179794
Fellows Car and Commercial Limited
Filleted Accounts
31 May 2023
Fellows Car and Commercial Limited
Registered number: 10179794
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Stocks 9,524 17,774
Cash at bank and in hand 2,173 925
11,697 18,699
Creditors: amounts falling due within one year 3 (18,631) (8,515)
Net current (liabilities)/assets (6,934) 10,184
Total assets less current liabilities (6,934) 10,184
Creditors: amounts falling due after more than one year 4 (7,065) (9,905)
Net (liabilities)/assets (13,999) 279
Capital and reserves
Called up share capital 100 100
Profit and loss account (14,099) 179
Shareholder's funds (13,999) 279
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mitchell Fellows
Director
Approved by the board on 5 February 2024
Fellows Car and Commercial Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,461 3,461
Trade creditors 141 2,207
Taxation and social security costs - 2,725
Other creditors 15,029 122
18,631 8,515
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,065 9,905
5 Other information
Fellows Car and Commercial Limited is a private company limited by shares and incorporated in England. Its registered office is:
C11 Tweedale Industrial Estate
Madeley
Telford
Shropshire
TF7 4JR
Fellows Car and Commercial Limited 10179794 false 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 Mitchell Fellows No description of principal activity 10179794 2021-06-01 2022-05-31 10179794 core:WithinOneYear 2022-05-31 10179794 core:AfterOneYear 2022-05-31 10179794 core:ShareCapital 2022-05-31 10179794 core:RetainedEarningsAccumulatedLosses 2022-05-31 10179794 2022-06-01 2023-05-31 10179794 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10179794 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10179794 bus:Director40 2022-06-01 2023-05-31 10179794 2 2022-06-01 2023-05-31 10179794 countries:England 2022-06-01 2023-05-31 10179794 bus:FRS102 2022-06-01 2023-05-31 10179794 bus:FullAccounts 2022-06-01 2023-05-31 10179794 2023-05-31 10179794 core:WithinOneYear 2023-05-31 10179794 core:AfterOneYear 2023-05-31 10179794 core:ShareCapital 2023-05-31 10179794 core:RetainedEarningsAccumulatedLosses 2023-05-31 10179794 2022-05-31 iso4217:GBP xbrli:pure