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REGISTERED NUMBER: 10639854 (England and Wales)















FLD Investments Ltd

Unaudited Financial Statements for the Year Ended 31 March 2023






FLD Investments Ltd (Registered number: 10639854)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLD Investments Ltd

Company Information
for the Year Ended 31 March 2023







Director: D Farnham





Registered office: 7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ





Registered number: 10639854 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

FLD Investments Ltd (Registered number: 10639854)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 - 1,836
- 1,836

Current assets
Stocks - 1,500
Debtors 6 27,645 152,496
Cash at bank and in hand 1,156 4,914
28,801 158,910
Creditors
Amounts falling due within one year 7 (21,458 ) (63,933 )
Net current assets 7,343 94,977
Total assets less current liabilities 7,343 96,813

Creditors
Amounts falling due after more than one year 8 - (33,334 )
Net assets 7,343 63,479

Capital and reserves
Called up share capital 1 1
Retained earnings 7,342 63,478
7,343 63,479

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FLD Investments Ltd (Registered number: 10639854)

Balance Sheet - continued
31 March 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 director and authorised for issue on 6 March 2024 and were signed by:





D Farnham - Director


FLD Investments Ltd (Registered number: 10639854)

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

1. Statutory information

FLD Investments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and selling price less costs to sell, after making due allowances for obsolete and slow moving items.

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.

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.

FLD Investments Ltd (Registered number: 10639854)

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

2. Accounting policies - continued

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition

3. Employees and directors

The average number of employees during the year was 8 (2022 - 8 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2022
and 31 March 2023 34,187
Amortisation
At 1 April 2022
and 31 March 2023 34,187
Net book value
At 31 March 2023 -
At 31 March 2022 -

5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 April 2022 29,055
Disposals (29,055 )
At 31 March 2023 -
Depreciation
At 1 April 2022 27,219
Eliminated on disposal (27,219 )
At 31 March 2023 -
Net book value
At 31 March 2023 -
At 31 March 2022 1,836

FLD Investments Ltd (Registered number: 10639854)

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

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Amounts owed by group undertakings 24,293 150,679
Other debtors 2,390 1,304
VAT 962 -
Prepayments - 513
27,645 152,496

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts - 25,866
Trade creditors 1,970 2,391
Tax 15,332 23,967
VAT - 7,948
Other creditors 2,656 3,686
Accrued expenses 1,500 75
21,458 63,933

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years - 10,185
Bank loans - 2-5 years - 23,149
- 33,334

9. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. Ultimate controlling party

The controlling party is Farnham & Son Limited.